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In 2019, the “underwriting nature” initiative led by Swiss Re culminated in the first ever coral reef insurance policy. The unique policy was facilitated by charity The Nature Conservancy, the Mexican government and partners covering an area of Mexi...

Three independent directors have been elected to the board of Bermudian-based holding company Assured Guaranty Ltd. The company said Michelle McCloskey and Courtney Shea will each serve on the board’s audit and environmental and social responsibility...

Oil tanker company DHT Holdings Inc has reported first quarter after-tax earnings of $11.6 million, or seven cents per share. That compares with a profit of $7.6 million in the prior quarter, and $72.2 million net income for the same period last year...

Bermuda-incorporated Brookfield Renewable Partners LP has described its first quarter results as “strong”. Its funds from operations increased 3 per cent, year-on-year, to $242 million, or 38 cents per unit. However, after deducting depreciation and ...

Seasoned communications professional Stuart Roberts has joined the Bermuda Business Development Agency as the organisation’s director of communications and PR. Mr Roberts joins the BDA from the Bermuda Monetary Authority, where he most recently serve...

The chairman of Digicel Group has thanked the British Government for increasing its help to the people of St Vincent & the Grenadines following the devastation caused by the La Soufriere volcano last month. Denis O’Brien called on Britain to help the...

Bermudian-based offshore drilling company Valaris Ltd has announced that the company and its subsidiaries had successfully completed financial restructuring and emerged from Chapter 11 proceedings in the United States. The company said Valaris Group’...

Strategic Risk Solutions, the independent insurance company managers with an operation in Bermuda, has promoted Kirk Cyrus to the position of chairman of the board of Strategic Risk Solutions (Barbados) Ltd. Mr Cyrus, who is managing director of SRS ...

PwC in the Caribbean and the PwC Charitable Foundation have collectively donated $100,000 to disaster relief and recovery efforts in St Vincent and the Grenadines. On 9 April, the La Soufriere volcano erupted, sending ash and gas plumes miles into th...

Business and political leaders in Bermuda have reacted to US President Joe Biden labelling the island a tax haven, and appearing to have the island in the “crosshairs” of US tax reform. They have highlighted the support the island's international bus...