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Bunge Limited, the American agribusiness and food company, has announced that its board of directors has unanimously approved moving its place of incorporation from Bermuda to Switzerland. Under the proposal, Bunge would become a Swiss corporation. T...

The Association of Bermuda Insurers and Reinsurers CEO, John Huff, is in Tampa, Florida this week for the National Association of Insurance Commissioners Fall National Meeting. Mr Huff is a past president of the NAIC, the US standard-setting body for...

Two bond insurance subsidiaries of Assured Guaranty Ltd have resolved their exposure to bonds, as the Puerto Rico Highways and Transportation Authority exited from bankruptcy last week. On December 6, the Modified Fifth Amended Title III Plan of Adju...

The Argus Group has announced continued support of the Open Airways Spacer Programme with a donation of $8,360. This is the fourth year Argus has supported the charity’s pledge to distribute at least 1,000 spacers, which cost between $12.50 and $21.5...

Appleby Bermuda has advised Arc Ltd, a longstanding client, on its first parametric insurance product against high-impact epidemic risks. The product will provide parametric insurance to African Union member states for three selected pathogens respon...

The board of directors of Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has approved an increase in the size of the company’s existing share repurchase authorisation to $400 million. Brian ...

Bermudian-based Axis Capital Holdings Limited has appointed Andy Maher as head of cyber and technology, London. In his new role, Mr Maher leads the London-based team of underwriters and will focus on developing the team and enhancing the range of pro...

The board of directors of Bermudian-based Axis Capital Holdings Limited has authorised the repurchase of up to $100 million of the company’s common shares. The company said the repurchases may be effected from time to time in the open market or priva...

For the tenth year in a row, Butterfield has been named Bank of the Year 2022 in Bermuda by The Banker, an international financial affairs publication. The Banker, owned by the Financial Times, has been the world’s leading monthly journal of reco...

The collapse of FTX, the Bahamas-headquartered crypto currency exchange, highlights the importance of effective corporate governance, including in the insurance industry, a leading credit ratings agency has said in a commentary. In Corporate Governan...