Tag: Bermuda

Prospector 5 jack-up drilling rig : Borr Drilling to win $69m contract

businessnewstoday- August 6, 2022 0

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

businessnewstoday- May 21, 2022 0

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

businessnewstoday- May 10, 2022 0

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

businessnewstoday- December 19, 2021 0

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

businessnewstoday- October 21, 2021 0

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

Valaris wins contract for Valaris Relentless drillship from Chevron

businessnewstoday- June 9, 2021 0

Valaris Limited has bagged a three-year contract from Chevron for the use of its Valaris Relentless drillship (VALARIS DS-18 drillship) in the US Gulf of ... Read More

Aspida acquires third-party offshore reinsurance platform F&G Re

businessnewstoday- December 19, 2020 0

Ares Management’s subsidiary Aspida has wrapped up its previously announced acquisition of F&G Reinsurance (F&G Re), a Bermuda-based life and annuity reinsurer. F&G Re, which ... Read More

Marvell Technology to acquire US semiconductor company Inphi for $10bn

Soujanya Ravi- October 30, 2020 0

Marvell Technology Group, a Bermuda-based infrastructure semiconductor solutions provider, has agreed to acquire US semiconductor company Inphi in a cash-cum-stock deal worth $10 billion. Post-acquisition, ... Read More

Arch Capital Group to take full ownership of Watford Holdings

businessnewstoday- October 11, 2020 0

Arch Capital acquisition of Watford : Arch Capital Group has signed an all-cash deal worth around $622 million to take full ownership of Watford Holdings, ... Read More

Third Point Re to acquire rival reinsurer Sirius Group for $788m

businessnewstoday- August 8, 2020 0

Third Point Re, Sirius merger : Bermuda-based specialty property and casualty reinsurer Third Point Reinsurance (Third Point Re) has signed a cash cum stock deal ... Read More