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Bermuda-based insurer Lancashire Holdings Ltd has reported a pre-tax profit of $54.1 million for the six months June 30, compared to the $23-million loss for the same period in 2020. The turn-around was fuelled by huge increases in its property and c...

Bermuda’s international re/insurers are leveraging the market cycle and expanding their franchises considerably in a period of optimism. Several companies are active in share repurchases already, or resolving to buy back stock with accumulated cash a...

Top executives of Bermuda-based Conduit Holdings Ltd have declared their satisfaction with the interim results generated by the start-up operation, after a comprehensive loss of $12.4 million for the first six months. The company is the parent of Cla...

Bermudian-based Axis Capital Holdings Ltd has reported net income available to common shareholders of $228 million, or $2.67 per diluted common share, for the second quarter of the year. That compares to net income available to common shareholders of...

Bermuda-based Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a net loss of $8.1 million for the three months ended June 30, or 24 cents loss per basic and diluted share. The company said the results i...

Bermuda-based Apex Group Ltd has supported long-standing client Integral Group, a Tokyo-based private equity group, in the successful raising of Integral Fund IV, which held its final closing at its hard cap of JPY123.8 billion. Apex, the global fina...

Bermudian-based RenaissanceRe Holdings Ltd has reported net income available to common shareholders of $456.8 million in the second quarter of 2021. The company reported this was down from $575.8 million in the same period in 2020. While the company’...

American Overseas Group Ltd has reported consolidated net income of $1 million, or $20.81 per diluted share, for the three months ended March 31. This compares to net loss of $800,000, or $17.97 per share, for the same period a year ago. The Bermudia...

Billionaire shipping magnate John Fredriksen has stepped down as chairman and president of Bermudian-headquartered Frontline Ltd, one of the world’s largest oil tanker shipping companies. Ola Lorentzon has been appointed chairman of Frontline, succee...

Borr Drilling Ltd, the Bermudian-based oilfield services company, has reported a net loss of $58.1 million for the first quarter. That result follows a loss of $46.7 million in the fourth quarter of 2020, and an overall loss last year of $305.2 milli...

Bermudian-based International General Insurance Holdings Ltd, the specialty commercial re/insurer, has reported net profit of $14.5 million for the first quarter of 2021. That compares to a net loss of $900,000 for the quarter ended March 31, 2020. E...

Somers Limited, the financial services investment holding company, has reported a record first half-year profit of $203.1 million. The company’s fiscal year runs from October 1 to September 30. In its second quarter, which ended on March 31, it repor...