Alphabetized List of POI Files

All that stress has got to be eating at you. He was previously chief underwriting officer of insurance for Ariel Re in Bermuda. This web site is really a walk-through for all of the info you wanted about this and didn? Your web site offered us with helpful information to work on. If you are interested feel free to shoot me an e-mail. All the time take care of it up! The Corporation initially concluded it did not have a defence to the claim and a Consent Ruling was made by the court in May against the Corporation for the full amount.

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FIFA also published an alternate team of the tournament based on player performances evaluated through statistical data. Prize money amounts were announced in October The tournament logo was unveiled on 28 October by cosmonauts at the International Space Station and then projected onto Moscow's Bolshoi Theatre during an evening television programme.

Russian Sports Minister Vitaly Mutko said that the logo was inspired by "Russia's rich artistic tradition and its history of bold achievement and innovation", and FIFA President Sepp Blatter stated that it reflected the "heart and soul" of the country.

The official mascot for the tournament was unveiled 21 October , and selected through a design competition among university students. A public vote was used to select from three finalists—a cat, a tiger, and a wolf. The first phase of ticket sales started on 14 September , The general visa policy of Russia did not apply to participants and spectators, who were able to visit Russia without a visa right before and during the competition regardless of their citizenship.

A Fan-ID was required to enter the country visa-free, while a ticket, Fan-ID and a valid passport were required to enter stadiums for matches. Fan-IDs also granted World Cup attendees free access to public transport services, including buses, and train service between host cities. Fan-ID was administered by the Ministry of Digital Development, Communications and Mass Media , who could revoke these accreditations at any time to "ensure the defence capability or security of the state or public order".

The official match ball of the World Cup group stage was " Telstar 18 ", based on the name and design of the first Adidas World Cup ball from It was introduced on 9 November After the group stage, "Telstar Mechta" was used for the knockout stage. The word mechta Russian: The difference between Telstar 18 and Mechta is the red details on the design. Its music video was released on 8 June Thirty-three footballers who are alleged to be part of the steroid program are listed in the McLaren Report.

The choice of Russia as host has been challenged. Controversial issues have included the level of racism in Russian football, [] [] [] and discrimination against LGBT people in wider Russian society. Allegations of corruption in the bidding processes for the and World Cups caused threats from England's FA to boycott the tournament. Garcia , a US attorney, to investigate and produce a report on the corruption allegations.

Eckert's summary cleared Russia and Qatar of any wrongdoing, but was denounced by critics as a whitewash. On 3 June , the FBI confirmed that the federal authorities were investigating the bidding and awarding processes for the and World Cups. In response to the March poisoning of Sergei and Yulia Skripal , British Prime Minister Theresa May announced that no British ministers or members of the royal family would attend the World Cup, and issued a warning to any travelling England fans.

The British Foreign Office and MPs had repeatedly warned English football fans and "people of Asian or Afro-Caribbean descent" travelling to Russia of "racist or homophobic intimidation, hooligan violence and anti-British hostility". At the close of the World Cup Russia was widely praised for its success in hosting the tournament, with Steve Rosenberg of the BBC deeming it "a resounding public relations success" for Putin, adding, "The stunning new stadiums, free train travel to venues and the absence of crowd violence has impressed visiting supporters.

Russia has come across as friendly and hospitable: All the foreign fans I have spoken to are pleasantly surprised. FIFA President Gianni Infantino stated, "Everyone discovered a beautiful country, a welcoming country, that is keen to show the world that everything that has been said before might not be true. A lot of preconceived ideas have been changed because people have seen the true nature of Russia.

The elimination of the US national team in qualifying led to concerns that US interest and viewership of this World Cup would be reduced especially among "casual" viewers interested in the US team , especially noting how much Fox paid for the rights, and that US games at the World Cup peaked at During a launch event prior to the elimination, Fox stated that it had planned to place a secondary focus on the Mexican team in its coverage to take advantage of their popularity among US viewers factoring Hispanic and Latino Americans.

Fox stated that it was still committed to broadcasting a significant amount of coverage for the tournament. In February , Ukrainian rightsholder UA: PBC stated that it would not broadcast the World Cup. This came in the wake of growing boycotts of the tournament among the Football Federation of Ukraine and sports minister Ihor Zhdanov.

Broadcast rights to the tournament in the Middle East were hampered by an ongoing diplomatic crisis in Qatar over alleged support of extremist groups. Qatar is the home country of the region's rightsholder, beIN Sports. On 2 June , beIN pulled its channels from Du and Etisalat , but with service to the latter restored later that day. Etisalat subsequently announced that it would air the World Cup in the UAE, and continue to offer beIN normally and without interruptions.

On 12 July , FIFA stated that it "has engaged counsel to take legal action in Saudi Arabia and is working alongside other sports rights owners that have also been affected to protect its interests. From Wikipedia, the free encyclopedia. For other competitions of that name, see World Cup disambiguation. For the video game, see FIFA Not a FIFA member. Bronnitsy , Moscow Oblast Australia: Kazan , Republic of Tatarstan Belgium: Krasnogorsky , Moscow Oblast Brazil: Sochi , Krasnodar Krai Colombia: Verkhneuslonsky , Republic of Tatarstan Costa Rica: Roshchino , Leningrad Oblast [79] Denmark: Anapa , Krasnodar Krai Egypt: Grozny , Chechen Republic England: Repino , Saint Petersburg [80] France: Istra , Moscow Oblast Germany: Vatutinki , Moscow [81] Iceland: Gelendzhik , Krasnodar Krai Iran: Bakovka, Moscow Oblast Japan: Kazan, Republic of Tatarstan Mexico: Khimki , Moscow Oblast Morocco: Voronezh , Voronezh Oblast Nigeria: Yessentuki , Stavropol Krai Panama: Saransk , Republic of Mordovia Peru: Sochi, Krasnodar Krai Portugal: Ramenskoye , Moscow Oblast Russia: Kiskadee's complaint was lodged against California resident Philip Father and Maryland resident Eugene Cacciamani, who served as chairman and chief technology officer, respectively, of ProtoStar.

Kiskadee had formed a joint venture with ProtoStar, aiming to utilise one of Bermuda's potentially lucrative satellite location slots, which were granted to Bermuda in by the United Nations and International Telecommunications Union.

The complaint revealed Kiskadee was granted an exclusivity agreement on a satellite slot by the Bermuda Government. But after ProtoStar filed for bankruptcy and its joint venture with Kiskadee failed, Government terminated the exclusivity deal in June Kiskadee formed a joint venture with ProtoStar in October to implement Kiskadee's extremely valuable exclusive right to commercialize a satellite orbital location, positioned over the center of North America, that is controlled under international treaty and assignment by the Government of Bermuda.

Mid-Ocean News revealed in that Kiskadee had started talks with Government over the Island's satellite slot in July ProtoStar Kiskadee Bermuda See above. Founded by Henry Stevens. Company became a Renault FI team sponsor.

With the introduction of tradable notes, Qatar Re is seizing the opportunity to finance future growth on the back of a modern efficient capital structure. The notes have reduced our cost of capital and are a significant milestone on our path to establishing Qatar Re in the top tier of our industry. The increased capital strength will enable us to respond to increasing demand from existing and new clients for substantial capacity as part of our comprehensive service proposition.

The rapidly growing company, whose parent organisation is the Qatar Insurance Company, is based in new offices at the Belvedere development on Pitts Bay Road, where there will be a special opening ceremony this evening, involving directors and top executives, as well as Bermudian and Bermuda-based dignitaries. High demand for the first international debt issuance by Bermuda-based Qatar Re saw its perpetual Tier 2 notes oversubscribed 14 times.

The Reg S Perpetual non-call 5. The initial coupon has been set at 4. It will be fixed until the first call date in September and reset to five-year MS plus the initial margin, and every five years thereafter. QIC is a global diversified insurance and reinsurance company based out of Doha, Qatar. Settlement of the notes is expected to take place on Monday. Bermuda-headquartered Qatar Re is reaping the benefits of investing last year to grow its business. The reinsurer opened a branch office in Bermuda in and completed its redomiciling to the island from Doha in It also saw its net loss ratio rise from The company said it more than offset the jump in the net loss ratio increase by halving its administrative expense ratio, based on net premiums earned, to Gunther Saacke, chief executive officer, said: These capabilities enable us to expand our book of business without tracking the market.

In addition, we have benefited from economies of scale, yielding a significant reduction of our administrative expense ratio. Presenting an outlook for the remainder of the year, Qatar Re said it would continue to deepen its book of business and also intends to open a branch in Singapore.

Our increasingly robust global operating platform will enable a further organic portfolio expansion. Having said this, despite signs of a certain bottoming out of global reinsurance markets, trading conditions will remain challenging. Niches of profitable growth continue to exist, but are harder to come by.

However, the parent company of Bermuda-based Antares Reinsurance Ltd has reported strong underwriting results. The company said its international reinsurance operations with Qatar Re and Antares were key drivers in the improved figures.

In particular, we have witnessed increased buoyancy in our personal lines business in the region. The outlook for personal lines including motor, medical and life insurance business seems to be positive and is an area for further focused growth. Qatar Re is in the process of redomiciling to Bermuda. The combination of class intimacy, proximity to our business partners and uncompromised focus on the disciplines of managing and controlling risk forms the bedrock of our successful development to date and into the future.

In a statement, Qatar Re said it was continuing to follow its growth plan and effectively defying the adverse trends in what has become a notoriously deteriorating soft market. Qatar Re was formed in It has branch offices in Bermuda and Zurich, and has applied to open an office in Dubai. The company has representative offices in London and Singapore. Additionally, through its parent, the Qatar Insurance Company, it has access to a primary licence in Malta.

Qatar Re writes half its business in Europe, 28 per cent in the Americas and 20 per cent in Asia, with the remainder in the Middle East and Africa. Qatar Re expects to redomicile in Bermuda in the fourth quarter of this year. QuoVadis also provides electronic signature platforms including mass signature and trusted time-stamping solutions for e-invoicing, as well as cloud-based signing platforms for individuals.

QuoVadis electronic signatures are used on more than 60 million electronic transactions annually. The company later established operations in Switzerland, the Netherlands, Germany, Belgium, and the United Kingdom with close to 70 employees.

QuoVadisalso has a cloud hosting and co-location hosting subsidiary located in Bermuda. QuoVadis management shareholders will retain a 15 per cent minority stake, which WISeKey has an option to later acquire. QuoVadis will continue to operate as a stand-alone company, expanding its business from centres in the UK, Switzerland, the Netherlands, and Belgium, as well as in Bermuda. QuoVadis provides collocation, managed data centre, infrastructure as a service and cloud hosting, as well as disaster recovery services.

Its services also include acting as an international certificate authority and digital signature solutions. Mr Davidson is a director of Quo Vadis and vice-president of product development and also deputy chairman of Bermuda Press Holdings , the parent company of The Royal Gazette.

A Swiss company has signed a deal to buy a controlling share in Bermuda-based hi-tech firm QuoVadis. The deal means WISeKey will take an 85 per cent share of the equity in QuoVadis, with the transaction expected to close this quarter. QuoVadis management shareholders will retain a 15 per cent minority stake, which WISeKey has the option to later acquire.

QuoVadis will continue to operate as a stand-alone company, expanding its business from centres in Switzerland, Germany, the Netherlands, Belgium and the UK, as well as in Bermuda.

The insurance company was formed in and stopped active underwriting in This transaction demonstrates our ongoing commitment to continue to acquire legacy insurance assets and also continues to expand our acquisition activity in the North America, Bermuda and the Caribbean region.

The terms of the deal were not disclosed. The Liechtenstein company was formed in as the captive insurers for its Swiss parent and ceased active underwriting in This new regime is generating a number of prospects for the group across Europe and is a significant reason for the formation of a second consolidation vehicle in Malta.

We remain excited about our legacy acquisition pipeline. This Bermuda-based insurance services company rounded off with a flurry of deals. These policies were fronted by Travelers Indemnity Company. RQIM was incorporated in for the purpose of consolidating owned and acquired insurance, reinsurance and captive portfolios from across Europe.

An investment bank whose holding company is in Bermuda. Half-owned by Russian billionaire Mikhail Prokhorov. Bermuda-based reinsurer RenaissanceRe is teaming up with Reinsurance Group of America to launch a new life reinsurer. The new reinsurer will target large in-force life and annuity blocks globally.

Scott Cochran, executive vice-president, corporate development and acquisitions, at RGA, said: In a statement the Bermuda-based company said it had conducted a preliminary assessment of the Tax Cuts and Jobs Act of , which was passed by Congress on December In line with other insurers and reinsurers, the impact of hurricanes Harvey, Irma and Maria, and the Mexico City earthquake, had a major impact on revenue. We were once again able to demonstrate the benefit of being a long-term, dependable partner to our customers, paying claims rapidly and providing value beyond price.

We executed well on our strategy, protected our capital, and our results were within expectations. I am proud of our team, which worked hard assessing losses, paying claims and writing new business against a background of multiple complex events. Looking forward, I am excited about the future. Our balance sheets, and those we manage, are fully capitalized and we are prepared for the opportunities we anticipate at the January 1 renewal.

Recognizing challenging market conditions, we executed on our gross-to-net strategy to build and attractive portfolio of risk. We believe that we have the right strategy and necessary flexibility to navigate the market conditions ahead while continuing to maximize shareholder value over the long term. From March 20, the Ogden rate changed from plus 2. The company said it will recognise the impact on its reserves in its first-quarter results. RenaissanceRe has increased its dividend for the 22nd consecutive year.

The Bermuda-based reinsurer announced that its board had decided to raise the quarterly payout to 32 cents per share from 31 cents. The next dividend will be paid on March 31 to shareholders of record as of March Given where we are in the reinsurance cycle, we are executing our gross to net strategy, trading underwriting risk for fee income, and protecting our balance sheet for the long term.

We maintained discipline, coming off business that did not meet our return hurdles, buying more reinsurance protection, while also building an attractive portfolio of risks. We are a bigger, stronger company today, than a year ago, and have the management team, global operating platforms and risk management expertise to serve our clients, third party capital providers and shareholders well in the years ahead.

On the New York Stock Exchange yesterday its shares closed down 2. Platinum shareholders were invited to choose between receiving either RenRe shares, cash, or a combination of RenRe shares and cash, in exchange for their Platinum shares. Around half of the 37 Bermuda-based employees of Platinum Specialty Underwriters Holdings accepted redundancy packages after the reinsurer was bought out, while the other half accepted job offers from RenRe. The offers of temporary roles were offered on a three- to month basis to help with the integration process, with the possibility that some of those roles could become permanent.

It is understood that RenRe has also held off filling vacancies in its Bermuda office to allow Platinum staff the opportunity to fill them. Platinum shares ceased trading on the New York Stock Exchange.

Insurance investment firm Cedent Ltd has teamed up with Nephila Capital to create this new Bermuda-based firm to advise corporations and countries on managing climate risk. Resilience Re was set up to cover property catastrophe risks by Willis Capital Markets and Advisory, a catastrophe bond, ILS, mergers and acquisitions and investment banking unit of global reinsurance broker Willis.

Willis, which has offices on Pitts Bay Road, Pembroke, officially merged earlier this week with Towers Watson, a professional services company with an office on Par-la-Ville Road, Hamilton. Uses the name Revelation America in the US. Bermuda-based hedge fund manager Revelation Capital Management has been cleared of wrongdoing in a New York court. But last month, Judge Valerie Caproni of the US District Court, southern district of New York, ruled that the transactions were not domestic and failed to meet the bar set by a US Supreme Court ruling limiting the reach of federal securities laws to trades taking place inside the US or in securities listed on a US exchange.

The ruling said that, under previous court decisions, at a minimum, the purchase most be domestic for Rule to apply. But it said that the SEC had failed to show that any activities related to the Revelation transaction took place in the US. Rule was designed to ban short selling an equity security during a restricted period and purchasing the same security during the offering. Rule violations were an enforcement priority at the time the complaint was filed in No one at Revelation could be contacted for comment yesterday.

The listed phone number for the company was not operational and e-mails were bounced back. The firm made a name for itself as an innovator in asset management in January after it announced it would allow investors in its Osmium Special Situations Fund to denominate their holdings in gold. Parent company is RPost International. In upgraded its email encryption service in a bid to address some key issues raised by a poll of companies subject to heightened HIPAA data encryption rules.

L aunched the Registered Email service in Bermuda in October , which ensures immediate delivery, authenticated receipt, and proof the e-mail was sent, its time and content. Rubik Reinsurance Class 3. Since September has operated the leading automobile and marine fuel distribution network 12 service stations and is the sole importer and wholesaler of LPG in Bermuda. George's and Ireland Island Dockyard. The firm's retail and marine service stations are conveniently situated throughout the island and offer a range of quality fuels and lubricants for both auto and marine customers.

Also supplies and installs fuel storage tanks, pumps and fleet management systems tailored to meet individual and company needs and budget. Interesting example of how an international firm can operate in Bermuda despite not complying with the rule.

Mr Cohen was not charged with wrongdoing. A hearing in the proceeding is set for April in New York. Martoma is serving a nine-year sentence for securities fraud. SAC Re was formed in Bermuda in as one of a clutch of hedge fund-backed reinsurers on the Island. After the hedge fund landed in trouble, the reinsurer, which had no involvement in the insider trading scandal, was acquired by Hamilton Insurance Group in late Hedge-fund group founded by Steven A Cohen.

Sagicor is planning to establish a reinsurance operation in Bermuda, according to an International Monetary Fund report on Barbados. The financial-services giant moved its holding company to Bermuda last year, but continues to be operated from Barbados, its home for years.

A report by Barbados Today said the IMF draft report on an October mission in Barbados at the invitation of regulator the Financial Services Commission states that as a follow-up step to the relocation of the holding company, Sagicor plans to establish a reinsurer in Bermuda.

The team noted that the insurance giant had not established any operational entity in Bermuda as of the date of the mission, and the senior management team was still operating out of Barbados. The Sagicor group does business through more than 50 subsidiaries in 21 countries including the US, spanning a range of businesses such as general insurance, commercial banking, mutual funds, investment advisory services, property management, pension fund asset administration and other financial and non-financial businesses.

Both questions are central to avoid supervisory gaps of the Sagicor Group. Caribbean-based multinational financial services firm Sagicor is next week set to back a move to Bermuda. Sagicor, in a statement to shareholders, said: This would be achieved via a corporate migration, or continuance, of the company in Bermuda and the discontinuance of the company in Barbados. Accordingly, the board is pleased to present this re-domiciliation proposal to all shareholders for approval.

But the change is unlikely to bring a major jobs boost to Bermuda as the firm would retain its base in Barbados and continue to be taxed there, although it would require an address and resident representative on the island. Additionally, the continued Sagicor Financial Corporation will have a registered office in Bermuda. The company said that Bermuda was chosen due to the ease of redomicilation, tax impact, ratings stability and reputational risk, as well as its good rating internationally.

Affiliate of a bankrupt Connecticut-based hedge fund, in August filed for bankruptcy protection. The company is seeking Chapter 11 bankruptcy protection, which provides shelter from creditors while a company reorganizes. The holding company of Caribbean financial services giant Sagicor has completed its move to Bermuda.

The firm has discontinued as a Barbados company, where it has been based for years, and redomiciled to Bermuda.

But Sagicor, which operates in 22 countries, including the Caribbean, the US and Latin America, said it would maintain its headquarters in Barbados and continue to be taxed there, although it will have an address and resident representative in Bermuda.

Sophia Greaves, also part of the CDP team that advised on the redomicile, said: We look forward to a long relationship with the group. Sankaty maintains no office or staff in Bermuda. In it discovered the need to develop the arable land in order to make the project financially viable and sought in-principle permission to build the additional development.

Sardis Development subdivided the property, preserving five and a half acres of the original Sardis Development currently developing the remainder of the site as a one-again resort.

The satellite operates on the BermudaSat-1 network at The discussions included the issue of the moratorium and suggestions on how Bermuda might proceed. This year, the island has hosted portable satellite tracking facilities operated by Nasa, the European Space Agency, and SpaceX.

Mr Roban also met with Transport for London to talk about technology and travel products. Our plans for Moresby House include converting it into an A-class recording studio as a destination event for international recording artists as well as for the use of local artists. He said the executive summary was still being reviewed by the new board. An application has been made to the Department of Planning and we expect to see activity on Cross Island in the very near future.

He added that the charity branch of the company, Savvy Foundation Bermuda, had already applied for charity status on the island. Colonel Burch said former Progressive Labour Party premier Dame Jennifer Smith had been invited to join the board of the international foundation and to be resident director in Bermuda. He explained that its exchange programme would give local youth the chance to travel and get international exposure. The main thing in education is that with knowledge comes power.

The youth definitely needs that. It now runs its global management business from the Island. In coming months, Scepter intends to announce a series of offshore vehicles for direct investment into off-market transactions in the natural resources and hospitality industries. It is led by the former Blackstone Advisory Partners Asia team, and its core stakeholders include senior members of Asian and Gulf-based high net worth families.

The firm has offices in New York, London and Beijing. A number of its executives have longstanding ties with Bermuda, including chairman and chief executive officer Rayo Withanage, who attended Saltus Grammar School after his family moved to the Island in Commenting on the commitment to Bermuda, Mr Withanage said: Euromoney magazine has previously named Mr Withanage as one of the most influential financiers in the Middle East and Asia. He lived in Bermuda during the late s when he worked for Alpha Fund Management.

He died in , but for 30 years was involved in all legislation and regulation that shaped the insurance and reinsurance sector in Bermuda. Earlier this year Bermuda-headquartered BMB, an entity that provides capital and advice to Forbes families, spun out its family office assets into Scepter. BMB has been described as the first commercial multi-family office of ruling families to unify investors from the Middle East and Asia who traditionally had been competitors.

A London-based global asset management firm. One of the UK's largest independent securities company and investment banks, it has this company, Schroder International Trust Company Limited mentioned above and Schroder Venture Managers.

This company also represents Schroder Investment mentioned above. Also represented is Schroder Wertheim in New York. Schroders is looking to build up its wealth management business in Bermuda. The venerable London investment house, which has been servicing clients on the island for 49 years, re-established a physical presence on the island last year.

The firm is well known in Bermuda as an asset manager for institutional clients, but is now looking to beef up its offering to wealthy individuals and families. She has responsibility for client relations and works closely with Schroders team in the Channel Islands. About 10 per cent of those assets are in the wealth management business.

The firm has more than 4, employees working in 29 countries. With the acquisition of wealth manager Cazanove in , Schroders expanded the part of its business that caters to wealthy individuals.

Wealthy clients do not all have the same objectives, but Mr Rock has noticed patterns among subgroups. Then the portfolio would be engineered to match the client. Just as important was ongoing contact with the client, Mr Rock added, as life events could alter investment requirements.

That is one of the strengths in having Ms Peters in Bermuda to meet up with clients. Mr Rock said many clients had expressed a preference for meeting in person, rather than having video conference calls via Skype, for example. Inflation is the biggest risk to the financial markets, he said. While he expects stronger growth and a tightening labour market to build inflationary pressure in the US, he expects inflation to remain subdued in the EU and to drop off in the UK.

However, the markets are priced accordingly. Sentiment has come back a bit since then, but there are still one or two amber lights that sentiment is still overexcited. I see more volatility this year. Schroders is neutral on equities, negative on fixed income, and positive on alternative investments and cash.

Schroders sold its Bermuda-based private-equity operations to JP Morgan. The deal saw many of the 50 staff move to JP Morgan. Bermuda-based, shipping container investment and leasing group. Formed in to hold the existing container leasing investments of Sea Containers Ltd, which filed for bankruptcy in October and was finally wound up in Seacrest Capital Group Bermuda-based oil and gas investment specialists.

The pair have worked together for 15 years. He sees greater deal opportunities abounding in the depressed market conditions. Seacrest was founded five years ago and now promotes itself as one of the largest oil and gas exploration investors in the world.

It is active in six countries, has more than 50 employees worldwide and at present has 49 exploration areas under licence. Having conducted surveys in many parts of the world, the company has an extensive data library. Seacrest has founded and grown six private oil and gas exploration companies in Brazil, Indonesia, Ireland, Namibia, Norway, and Britain. The group is funded through private equity, with capital coming from energy investors, primarily in the US and Europe. Those investors include pension funds, private-equity funds and high net-worth individuals.

There is going to be an uptick, and there will be intensive activity to find new discoveries to replace the oil reserves that are being depleted.

The last year has been difficult with the oil price going sideways. Our view is that in one or two years from now there is going to be a change. The [pricing] cycles come and go. It is always about the timing.

We can work hard to be positioned when the opportunities come. The Island is also rich in intellectual capital, as well as investment and legal expertise, he added. We wish that so much of the economic success here can trickle down to everybody, so everyone feels part of the success. Oil-drilling and oil rig maker, set up by Norwegian billionaire John Fredriksen, with many Bermuda-incorporated companies.

Also operates mobile drilling fleets specializing in deepwater and harsh environments and has about 5, employees. Often touted as a potential suitor for US-based offshore drillers.

Incorporated in by Norwegian shipping billionaire and oil tanker magnate John Fredriksen. Conyers Dill and Pearman has been advising the Bermuda-registered company on the plan and related judicial proceedings on the island since February Conyers said its BVI and Cayman offices were also engaged. With re-profiled debt and substantial liquidity, the company has announced that it is in a strong position to execute its business plan. The figures below highlight key financial metrics as of the effective date of emergence: He repeated that in an interview with Dagens Naeringsliv on Tuesday, adding Chapter 11 bankruptcy protection was only one option among others and that how much capital he puts into the company will depend on the solution.

Its shares rose as much as 8 per cent in Oslo and 8. However, we expect the market to gradually improve as costs have been reset across the value chain and more drilling activity will be needed to avoid accelerated production declines. Seadrill last week pushed out the deadline for the conclusion of a restructuring process to the end of April, compared with early December previously, after extending a credit facility and making progress in talks that involve more than 40 banks in addition to bondholders.

Oil driller and well-service provider that acquired Allis-Chalmers Energy in and planned to purchase several oil-service technology companies by the end of Securis Investment Partners are London-based investment managers. International law firm with a Bermuda office. Biopharmaceutical firm Sellas has appointed financial management veteran Bill Pollett as its chief financial officer.

A biopharmaceutical company with cancer treatment drugs in development that has relocated from Switzerland to Bermuda expects its on-island staffing level to eventually be in double-digits. Sellas Life Sciences Group has started the process of assembling its Bermudian-based team, which includes a chief financial officer already on the island. And it is hoped the arrival of Sellas, which was announced yesterday, will encourage other companies in the biopharmaceutical sector to set-up or relocate to Bermuda.

Dr Stergiou said the company encountered almost no bureaucracy as it moved its head office to the island. The process took less than six months. Equilibria is an asset-management company that set up in Bermuda in The company also has an office in New York. Being based in an English-speaking jurisdiction was a further consideration for the company. Additionally, Dr Stergiou said: With the incoming administration our sector will benefit. The company focuses on the treatment of various cancers through its immunotherapy agent, called galinpepimut-S, developed at, and licensed from, Memorial Sloan-Kettering Cancer Centre in New York.

The company is now ready to enter into the final stage of clinical testing, phase three, for both of these indications. Sellas also has ongoing trials targeting ovarian cancer, multiple myeloma, and will also enter into clinical studies for glioblastoma multiforme and chronic myelogenous leukaemia shortly.

Dr Stergiou, who is in the process of moving to Bermuda, said: We are confident that the company will find the island an excellent base from which to grow and continue to develop and commercialize its innovative cancer therapies. The BDA has worked with Sellas and its advisers for nearly six months, and we are proud to see them establish a physical presence on the island.

It brings new jobs for Bermudians immediately, and we fully expect more will follow. Sequant Re combines ILS and Bermuda's unique segregated account structure to offer a flexible and highly efficient platform for the transfer and securitisation of insurance risks.

The founding principals are chief executive officer Guy Cloutier, formerly of American Safety Re, and chief risk and underwriting officer David Lalonde, a former senior vice-president at AIR Worldwide who spent 19 years with the catastrophe modeling team. Sequant Re's goal is to lower barriers for investors and expand the reach of risk transfer and securitisation solutions in the reinsurance market.

It will allow investors of any size to participate in the risk transfer business with as few limitations as possible, whether the commitment is short term and opportunistic or long term and strategic. Sequant Re is licensed for all lines of insurance business, except life insurance. The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. The company has 14 oil tankers, 22 dry bulk vessels, 24 container ships and nine offshore vessels.

Ship Finance shares have dropped 3. The stock has climbed slightly more than 2 per cent in the last 12 months. Investment bank, focused on equity capital markets, alternative asset class fund management and principal finance, has a secondary listing on the Bermuda Stock Exchange. Shyft Network Inc We have a goal of leveraging new technology to make positive and inclusive change.

We have found a similar intent and aspiration with the Government of Bermuda. It will also support training of Bermudians in blockchain technology and software development. As a result, the country is able to accelerate economic growth, create jobs and attract global interest. Samuel, the leading specialty jeweler in the UK, Ernest Jones, somewhat more upscale there than Samuel but as prolific and fashion-conscious Leslie Davis with far fewer UK retail outlets.

Also moved its primary listing to the New York Stock Exchange. It relocated to Bermuda mostly for tax-savings reasons, alo to make the stock eligible for inclusion in US domestic stock indexes with a primary stock listing on the New York Stock Exchange, given most of its shareholders are American.

Zale Corporation is a leading specialty retailer of diamond and other jewellery products in North America, operating approximately 1, retail locations throughout the United States, Canada and Puerto Rico, as well as online. Analysts had predicted a less severe drop of 8. Signet, owner of the Kay, Zales and Jared brands, has been racing to decrease its reliance on mall locations. The effort has included upgrading its website, increasing marketing and introducing products that can draw younger consumers.

But relocating stores is key to the push: It will open 90 to new stores elsewhere. For now, the retail headwinds are blowing strong, said chief executive officer Mark Light.

Signet also announced plans yesterday to begin outsourcing its in-house credit programme. It will retain its existing nonprime accounts on its balance sheet and continue to open new accounts, but it will outsource the servicing function to Genesis Financial Solutions for at least five years. Signet, based in Akron, Ohio, began reviewing its in-house credit operations after investors raised concerns that its earnings can become too reliant on the business. Sompo International Holdings Ltd has launched a new insurance platform and global clearance system, as it aims to offer clients options across insurance and reinsurance markets to help them manage their risks.

Of course, complete integration will take time and we are committed to accomplishing this in a thoughtful and deliberate manner while keeping the best interests of our clients, trading partners and employees at the forefront.

The launch of our new global clearance system is just the first step as we continue to modernize and transform our technology platform across all lines of business and geographies. The intention is to bring all other Sompo worldwide subsidiaries under the ownership and control of SIH. A subsidiary of reinsurance firm Aspen Re. Used to help investors with access to diversified catastrophe risk and write a quota share of Aspen Re's catastrophe portfolio.

We are pleased with the progress that we have made in developing strong partnerships with new investors. Silverton Re will enter into a quota share retrocession agreement with Aspen Bermuda Limited under which Silverton Re will reinsure a proportionate share of Aspen Re's globally diversified property catastrophe excess of loss portfolio.

The combination will result in Sirius becoming a publicly listed company, with shares to be listed on the Nasdaq Stock Exchange. The move comes as Sirius, which is controlled by Chinese investors, announced that its agreement to buy a controlling stake in Israeli insurer Phoenix Holdings is set to be terminated by next Monday.

The group also has offices in London, New York and Stockholm. Easterly is based in Beverly, Massachusetts and under the terms of the deal the US asset manager would merge with a subsidiary of the Sirius Group. We believe this transaction will offer tremendous value to our shareholders. The loan will be forgiven if the merger does not close by November 30, Passengers and visitors at LF Wade International Airport should have plenty of food and drink options to choose from when the new terminal opens in Plans have been drawn up for almost 11, sq ft of food and beverage concession space, split between the airside and landside of the building.

The largest of the five new concessions will cover 3, sq ft and be located in the non-US international departure area. At present, there is no food and beverage concession airside for passengers heading for Canada or the UK. The first stage of the process to find food and beverage concession operators for the new terminal has begun.

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