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Bermuda-based TransAtlantic Petroleum Ltd has announced the appointment of Mustafa Yavuz as its new chief operating officer (COO). This follows the resignation of Gary Mize as president and COO. Mr Yavuz joined TransAtlantic in June 2011 in connectio...

NEW YORK (Reuters) A company that owns rights to Morgan Creek’s international library has filed for Chapter 11 bankruptcy protection. The Bermuda-based Inverness Distribution Ltd, filed papers in US Bankruptcy Court in New York on December 30. It alr...

Sirius International Insurance Group Ltd, a wholly-owned subsidiary of White Mountains Insurance Group Ltd, has through a subsidiary acquired the runoff loss reserve portfolio of Bermuda-based Old Lyme Insurance Company Ltd. Old Lyme has been in runo...

The OIL Group of Companies has announced the promotion of Robert Foskey to senior vice-president and chief actuary, effective from the start of this year. Mr Foskey joined the OIL Group in May 2007 as senior actuary and has progressively assumed resp...

Bermuda-based Socius CG II Ltd has struck a $5 million deal to buy securities from Bionovo Inc, a pharmaceutical company focused on the discovery and development of treatments for women’s health and cancer. “In a challenging economic environment, we ...

Bermuda-based Archer has announced a new organisation centred on four geographic and strategic areas to better align with its customers, drive operational performance and create synergies. North America (NAM) headquartered in Houston will be led by R...

Bermuda-based XOMA Ltd has announced that it has moved its corporate domicile to Delaware and changed its name to XOMA Corporation. All of the outstanding common shares of the former XOMA Ltd will be automatically converted into common stock of XOMA ...

Shoppers have been out in large numbers this week snapping up everything from jewellery to shoes in deeply discounted sales throughout the Island. “I bought five pairs of shoes for $230,” said one happy shopper after her visit to Boyle’s on Queen Str...

Billionaire hedge fund executive Steven Cohen is dipping his toe even further into the reinsurance market with the purchase of a 5.2 percent stake in Bermuda-based Validus Re. The stock purchase by Mr Cohen’s SAC Capital Advisors’ is a passive invest...