Insurer, pension provider and investment company BF&M Ltd.'s insurance operating companies have seen their financial strength rating affirmed at A (excellent) by rating agency AM Best Co.
But the New ...
Hedge fund manager Paolo Pellegrini — whose PSQR Capital Management has an office in Bermuda and who helped Paulson & Co. to make $3 billion out of the bets on the US housing crash — is to return mone...
Bermuda-based Catlin Group has seen the financial strength ratings of its operating subsidiaries affirmed at A by ratings agency AM Best Co.
The New Jersey-based ratings agency said in its ratings com...
John Oros has resigned as executive chairman of Bermuda-based run-off specialist Enstar Group Ltd., to be replaced by the company's chief executive officer Dominic Silvester.
Mr. Oros will also step d...
Butterfield Bank chief executive officer Brad Kopp says the bank has bolstered its risk management structure to try to ensure there can be no repeat of the investment meltdown that brought the bank cl...
Consumers continue to tighten their purse strings and spend less at the stores — a trend that has been going on for more than two years.
Sales at retail outlets fell in June for the 15th consecutive m...
Bermuda-based Allied World Assurance Company Holdings Ltd. has repurchased $250 million of its common shares from some of the company's founding shareholders.
The company bought five million shares fr...
Butterfield Bank is on the road to recovery and hopes to end the year with a return to profitable growth, says chief executive officer Bradford Kopp.
Last week, the bank scraped a second-quarter profi...
Bermuda-based Enstar Group Ltd. reported a more than 40 percent rise in net earnings for the second quarter.
The company, which specialises in acquiring and managing insurance and reinsurance companie...
Butterfield Bank eked out a $200,000 profit in the second quarter as the bank's revenues were squeezed by low interest rates.
After dividends paid out on preference shares were taken into account, the...
