Cheryl Packwood Named Industry Leader

Cheryl Packwood, Chief Executive Officer of Business Bermuda has been named as an Industry Leader in the MENA Fund Manager Magazine Service Provider Power 50. The MENA Fund Management Power 50 of 2012 pays tribute to the service providers of the fund industry who have weathered launch delays, fund closures, market volatility and company restructures [...]

Delegation On Business Development Trip In China

Business Bermuda has organized a business development and relationship building marketing trip in Shanghai and Beijing, China from April 14 through April 20, 2012. Led by Cheryl Packwood, CEO of Business Bermuda and joined by Wayne Furbert, Minister of Business Development and Tourism, Travis Gilbert, Director of Business Development for the Ministry of Business Development [...]

Maiden Holdings To Release First Quarter Earnings

Bermuda based Maiden Holdings, Ltd. plans to release first quarter 2012 financial results following the market close on Wednesday, May 2, 2012. Art Raschbaum, Chief Executive Officer, and John Marshaleck, Chief Financial Officer, will review these results via teleconference and live audio webcast on Thursday, May 3, 2012 beginning at 9:00am Bermuda time. Maiden Holdings, [...]

Platinum Estimates Catastrophe Losses: $24.8M

Platinum Underwriters Holdings, Ltd. announced that it expects major catastrophe losses will have a net negative impact of approximately $24.8 million on the Company’s results for the quarter ended March 31, 2012. The estimated net negative impact relates primarily to severe weather, including tornadoes and hailstorms in Kentucky and Tennessee, referred to as Property Claims [...]

Archer Awarded Five Year Contract In North Sea

Archer, the Bermuda-based oilfield service company specialising in drilling services and well services, has secured a five year contract to provide integrated plug and abandonment services across Shell’s Brent field operations. Starting in April 2012, Archer will supply a number of service elements including drilling and maintenance, swarf management, cuttings re-injection (CRI), casing pulling services, [...]

LOM Group Offers New Online Trading Platform

The LOM Group has launched OPUS, an online trading service which offers equities trading to its clients worldwide.  This new service is a result of nearly two years of working with clients and internal and external software designers, and enables LOM Group’s international client base to view their accounts in real-time and trade equities from around [...]

Arch Capital Group Ltd. Completes Acquisition

Bermuda-based Arch Capital Group Ltd. today announced that it acquired Ariel Re’s Credit & Surety reinsurance operations based in Zurich. The former Ariel Re Credit & Surety team joined the Zurich branch office of Arch Reinsurance Europe Underwriting Limited (Arch Re Europe). The team is operational, and Arch Re Europe anticipates a seamless transition for [...]

Upcoming: E-Business Development Seminar

Are you starting a new Bermuda business or organisation and want to establish a strong web presence, but you feel intimidated by all the technical jargon? Do you have an existing site and simply want to increase traffic and turn visitors into customers? The Bermuda Economic Development Corporation [BEDC], formerly the Bermuda Small Business Development [...]

A.M. Best Assigns Ratings To PaCRe Ltd.

A.M. Best Co. today [Apr. 9] assigned a financial strength rating of A- [Excellent] and issuer credit rating of “a-” to newly-formed Bermuda re/insurer PaCRe Ltd. The agency said the outlook assigned to both ratings is stable. The ratings of PacRe are based on its excellent risk-adjusted capitalization, experienced underwriting led by Validus Reinsurance, Ltd. [...]

Bermuda Firm Committed To Brazilian Venture

Brazil’s biggest oil-services company has announced its top shareholders — including Bermuda’s GP Investimentos Ltda. – remain committed to injecting at least $192 million of fresh capital. Caxias do Sul-based Lupatech has signed an agreement with investors, including the Brazilian development bank and the Petros pension fund, that formalises a December 29 plan to sell [...]

Next Page »