Bermuda-domiciled oil tanker operator Nordic American Tanker (NAT) reported that rates for hiring its vessels plunged in the second quarter of this year — but it expects a rebound in the current quart...
Florida is continuing to offload policyholders from its state-backed insurer Citizens onto private insurance companies — potentially boosting business for Bermuda’s reinsurers.
Insurance regulators in...
Shares of Bermuda-based reinsurer Third Point Reinsurance Ltd gained nearly four percent in New York trading after posting earnings that beat analysts’ expectations.
The company, whose investments are...
Lovit Boutique is to close its Queen Street store next Saturday.
However, owner Jenia Thompson said yesterday that the three-year-old store had plans to reopen in the near future — possibly within a y...
Bermuda may now be the best jurisdiction in which to set up an offshore fund according to a New York attorney who works with the asset management industry.
Jack Rigney, of Manhattan-based Seward & Kis...
Lovit Boutique is to close its Queen Street store next Saturday.
However, owner Jenia Thompson said today that the three-year-old store had plans to reopen in the near future.
In a statement, Lovit sa...
The insurance market may be at “a tipping point” in terms of overcoming the reluctance to engage in mergers and acquisitions (M&A) activity.
That is the view of professional services firm PwC, which i...
Bermuda-domiciled energy shipper Teekay LNG Partners has finalised agreements with a Chinese partner to provide six icebreaker liquefied natural gas (LNG) tankers for transporting gas from northern Si...
Bermuda insurer and reinsurer Maiden Holdings Ltd last night reported net income of $25.8 million for the second quarter — up more than 27 percent from the same period last year — and record operating...
Many borrowers continue to struggle to make loan repayments, according to the latest figures on the banking sector published by financial regulator the Bermuda Monetary Authority (BMA).
Non-performing...
