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The Bank of N.T. Butterfield & Son Limited has reported net income of $49.1 million for the second quarter of the year. That is a 10.6 per cent increase compared with net income of $44.4 million in the first quarter of 2022, and a 24 per cent rise co...

A Hong Kong Chamber of Commerce webinar on Bermuda provided its online delegates with insight into the island’s international business platform. The Hong Kong-based audience of legal and financial sector professionals were told about Bermuda’s unique...

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa” (Superior) of Bermudian-based Assured Guaranty Re Overseas Ltd. The outlook of these credit ratings is stable. The ratings reflect Agro...

Bermudian-based Fidelis Insurance Holdings Limited will create a new managing general underwriter that, subject to regulatory approval, will be separated from the existing balance sheet insurance companies. The new structure will allow each entity to...

Industry veteran Charlie Fry has rejoined American International Group Inc, the global insurance organisation. After departing AIG in 2020, Mr Fry served as chief executive officer of Acacia Holdings Ltd, the Bermudian-based capital investment compan...

Nayms, the Bermudian-based marketplace for crypto-native insurance, has appointed Nick Zagoreos as head of capital markets. The company said that Mr Zagoreos brings a wealth of experience in hedge funds, ILS and most recently a breadth of capital rai...

Fitch Ratings has upgraded Bermudian-based PartnerRe Ltd following its recent acquisition by Covéa Cooperations SA, the French mutual insurer. Covéa acquired PartnerRe from EXOR NV for total cash consideration of $9.1 billion. Fitch upgraded PartnerR...

Next month, The Youth Entrepreneurship Initiative, will be holding a special BizCamp for students in the new senior signature school. This BizCamp is arranged in coordination with the Bermuda Signature Schools Transformation Team, and will be held at...

Convex US has launched as a managing general underwriter with a focus on writing primary insurance in the US E&S market. The new operation is owned by Convex Insurance UK Limited, a specialty underwriter of insurance and reinsurance, and part of the ...

Nabors Industries Ltd, the Bermudian-based energy driller, has invested $7 million in Natron Energy Inc, a global leader in the manufacturing of sodium-ion batteries. Natron plans to use the funds to accelerate the production of its sodium-based batt...