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Bermudian insurer weathers higher losses from large medical stop-loss claims, yet still reports a net operating profit for the year

Onex Corporation, the suitor, is an alternative asset manager with offices in Toronto, New York, New Jersey, Boston, and London

The transaction includes the full operations of the business, including underwriting, loss control and claims, and transfer of the employees supporting the business

Butterfield Bank closed down 8 cents (0.29 per cent) at $27.52 on the New York Stock Exchange

The ratings reflect balance sheet strength, adequate operating performance, neutral business profile and appropriate enterprise risk management

The appointee moves from Aeolus Capital Management, where he was a portfolio manager

The ratings reflect company’s balance-sheet strength, strong operating performance, limited business profile and appropriate enterprise risk management

Argus Wealth Management also appointed Rickai Binns as wealth manager and Julanda Lodge as senior operations manager

Bermudian charity named Leading Providers of After-School Tech Coding Enrichment Experiences

The new hire will report to Mathieu Borneuf, head of professional lines, insurance, Continental Europe