Butterfield Bank yesterday announced a first-quarter loss of $176.3 million — largely as a result of offloading most of the troubled assets that plunged the bank into turmoil over the past two years.
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Bermuda re/insurer Axis Capital Holdings Ltd. posted a $112 million profit for the first quarter — despite catastrophe losses estimated at $147 million.
In its earnings statement last night, Axis esti...
QuoVadis has become the first provider to roll out Switzerland's first national electronic ID, after signing up the Swiss Bar Association and its 9,000 members as new clients.
The 11 year-old company,...
The Bermuda booth at the Risk and Insurance Management Society's (RIMS) annual conference in Boston attracted international interest yesterday.
Allison Towlson, chairman of Bermuda's Insurance Develop...
Bermuda yesterday signed its first ever full double-taxation agreement (DTA) with the Kingdom of Bahrain.
The agreement is a reciprocal arrangement between the Middle Eastern country and Bermuda not t...
First-quarter catastrophe claims caused Bermuda reinsurer Platinum Underwriters Holdings Ltd. to report an 81 percent fall in first-quarter profit last night.
Platinum announced net earnings of $15.4 ...
A strengthening US economy is likely to help Bermuda’s economy and balance of payments this year, Finance Minister Paula Cox said yesterday.
Last year’s plunge in the current account surplus was a ref...
Bermuda's annual current account surplus has fallen by half in the space of three years.
The figure, which represents the balance of the economic transactions between Bermuda residents and companies a...
A group of leading London insurance executives has proposed a set of tax policy changes that it believes could tempt Bermuda companies to move to the UK.
The London 100, a group of executives and chai...
Two Bermudian women who earned promotion to senior posts at Ace Bermuda say hard work, networking, passion for the job and supportive family members are the keys to climbing the career ladder in the i...
