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Bermudian-based offshore drilling outfit Seadrill Ltd is to submit an application to the Supreme Court of Bermuda for the appointment of joint provisional liquidators after it filed Chapter 11 cases in the Southern District of Texas. The cases were f...

The Bermuda Business Development Agency assisted in the incorporation of 20 new entrants to the market in 2020 through its designated business concierge service, the organisation said in its end-of-year report. They included three class 3A commercial...

Watford Holdings Ltd has reported a profit of $61.4 million, or $3.08 per share, after $1.1 million of preference dividends, for the fourth quarter. That compared to a net loss of $16.9 million, after $1.2 million of preference dividends for the same...

Ardmore Shipping Corporation has reported a net loss of $6 million for the year, or 18 cents per share. That includes a $6.5 million loss on the sale of the tanker Ardmore Seamariner, and compares with a net loss of $22.9 million in 2019. Adjusted pr...

Western Union Company, with its local agent Blue Nile Service Ltd, a BMA licensed money service provider, has reopened its Hamilton location after a four-month closure. A spokesperson said: “We are so thrilled that we can reopen our doors to best ser...

Bermudian-based crude oil tanker company DHT Holdings Inc has reported full-year net income of $266.3 million, which is the highest yearly result in its history. The company, which was founded in 2005, said the Covid-19 pandemic is still impacting it...

EY’s Robert Moncrieff, global insurance international and transactions tax services leader, has joined the EY region of the Bahamas, Bermuda, British Virgin Islands and Cayman Islands to also serve as regional BEPS (base erosion and profit shifting) ...

Bermudian-based PartnerRe Ltd has appointed Hermann Pohlchristoph to its board an independent director. The company said Mr Pohlchristoph has held multiple executive roles, most recently at Munich Re as a member of the board of management from 2017 u...

The Bermuda Monetary Authority and the Wyoming Division of Banking announced today their joint Digital Assets Memorandum of Understanding. The BMA said the MoU creates a framework under which the BMA and the WDOB can co-operate to facilitate the esta...

Strategic Risk Solutions, a provider of independent insurance management and consulting services, which has operations in Bermuda, is establishing an office in Guernsey. The announcement comes just two weeks after SRS opened an office in Zurich, Swi...