Did Swiss authorities just freeze Adani Group’s $310m? Here’s the truth
The Adani Group has forcefully denied recent allegations that Swiss authorities froze $310 million in funds linked to the conglomerate as part of an ongoing ... Read More
Assured Guaranty exits equity interest in Assured Healthcare Partners
Assured Guaranty Ltd. (NYSE:AGO), a Bermuda-based, publicly traded holding company, announced that it has transferred the ownership of its entire equity interest in Assured Healthcare ... Read More
Brookfield Reinsurance to acquire specialty insurance underwriter Argo Group
Canadian investment management company Brookfield Reinsurance will acquire Bermuda-based insurance company Argo Group International in an all-cash deal valued at around $1.1 billion. The transaction ... Read More
Seadrill to acquire Aquadrill to create major offshore drilling company
Seadrill, a Bermuda-incorporated offshore drilling contractor, will acquire offshore rig owner Aquadrill in an all-stock transaction valued at an implied equity value of around $958 ... Read More
Gyme jack-up drilling rig to be sold by Borr Drilling for $120m
Borr Drilling Limited has signed an agreement with an unrelated third party to divest the Gyme jack-up drilling rig for $120 million. According to the ... Read More
Prospector 5 jack-up drilling rig : Borr Drilling to win $69m contract
Borr Drilling said that it has been issued a binding letter of intent (LOI) for providing its Prospector 5 jack-up drilling rig for a six-well ... Read More
Borr Drilling wins contract for Saga jack-up drilling rig in Southeast Asia
Borr Drilling Limited said that it has been issued a binding letter of award (LOA) for the Saga jack-up drilling rig from an undisclosed energy ... Read More
White Mountains to sell NSM Insurance Group to Carlyle for $1.8bn
White Mountains Insurance Group, a Bermuda-domiciled financial services holding company, has agreed to sell NSM Insurance Group to investment funds affiliated with Carlyle for $1.775 ... Read More
Covéa to acquire reinsurance company PartnerRe from Exor for $9bn
French mutual insurer Covéa has agreed to acquire Bermuda-based reinsurance company PartnerRe from Dutch holding company Exor for $9 billion in an all-cash deal. Founded ... Read More
Valaris Limited wins contract for VALARIS DS-4 drillship from Petrobras
Valaris Limited, a Bermuda-based offshore drilling services provider, has bagged a contract for the VALARIS DS-4 drillship in Brazilian waters from Petrobras. The contract awarded ... Read More