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The Royal Gazette/BSX Index fell 2.3 per cent for the week to close on 2,436.96. The Bank of NT Butterfield & Son fell $1.05, or 3 per cent, to close on $33.95, as 500 of its shares changed hands over the five days of trading. Butterfield was the onl...

Bermudian Tyler Owen is to rejoin the Bermuda professional lines team at Axa XL as SVP, product line leader, the company announced. Mr Owen, whose appointment is effective on Monday, will report to Axa XL’s Bermuda professional lines chief underwriti...

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Bermudian-based NEWGT Reinsurance Company Ltd. The outlook of these credit ratings is stable. NEWGT is a wholly owned s...

Vesttoo Ltd, a technology-driven global insurance risk transfer platform with a collateralised insurer in Bermuda, has concluded an $80 million Series C financing round. It was co-led by Mouro Capital and a private equity fund, valuing the company at...

Carnival Holdings (Bermuda) Limited, a subsidiary of Carnival Corporation & plc, has closed its private offering of $2.03 billion of senior priority notes due in 2028. The company said it expected to initially use the net proceeds of the offering to ...

Banyan Risk Ltd, a Bermudian-based managing general agent that specialises in writing directors and officers’ insurance, has teamed up with SPAC-focused financial advisory firm Zukin Certification Services to offer help to companies going public. Zuk...

Peter B Migliorato, a retired partner of Deloitte Consulting, has been elected to the board of directors of James River Group Holdings Ltd, the Bermudian-based insurance holding company. Mr Migliorato was elected at the company’s annual general meeti...

Bermudian-based West Hamilton Holdings Limited, the BSX-listed property holding company, has a new major shareholder. The change comes after a transaction between Somers Limited, a financial services investment holding company based in Bermuda, and U...

Everest Re Group Ltd is estimating total pre-tax net catastrophe losses of $730 million for the third quarter. About $600 million is attributed to Hurricane Ian, which made landfall on the west coast of Florida on September 28, with $500 million attr...

The aircraft management company based in St George’s, Longtail Aviation, has acquired its first B757-200PCF aircraft, according to ch-aviation, the Swiss-based airline intelligence provider. The publication said Longtail’s newly acquired Boeing is a ...