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Only one Bermuda bank has taken action since the largest interest rate hike by the Federal Reserve in more than two decades. The midweek hike of 50-basis points in the US Federal Funds Rate led to near immediate action from Butterfield Bank, raising ...

Bermudian-based insurer Enstar Group Limited has reported a net loss of $282 million for the first quarter of the year. That compares with net earnings of $183 million for first quarter 2021. The company said return on equity was minus five per cent ...

Ronnette Burgess has been promoted to the new role of vice president of human resources and has joined the executive leadership team at The MarketPlace. Mrs Burgess, who has worked with The MarketPlace for nearly 30 years, began her career in the acc...

White Mountains Insurance Group Ltd, the Bermudian-domiciled financial services holding company, has reported comprehensive income attributable to common shareholders of $31 million in the first quarter. That compares with a loss of $74 million in th...

Digicel was Bermuda’s Speedtest Awards winner for mobile network speed during the third and fourth quarter of 2021. Digicel yesterday announced the win from Ookla, a global leader in internet testing and analysis. To win this award, Digicel achieved...

FutureProof Technologies, the climate-smart P&C insurtech, has raised $6.5 million in capital led by Axis Digital Ventures, which works across Axis’ underwriting units to develop and grow strategic partnerships with insurtechs and other innovators. P...

Essent Group Ltd, the mortgage re/insurer based in Bermuda, has reported net income for the first quarter of $274.2 million compared to $135.6 million for the prior year quarter. The company’s board of directors declared a quarterly cash dividend of ...

Catalina General Insurance Ltd, the Bermudian-domiciled reinsurance company, has entered into an agreement with subsidiaries of QBE Insurance Group Ltd for a loss portfolio transfer of QBE’s legacy North American excess and surplus lines prior accide...

Miami International Holdings Inc, parent company of the Bermuda Stock Exchange, announced that it has confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission relating to the proposed initial ...

Assured Guaranty Ltd, the Bermudian-based holding company, has reported a six-fold increase in net income to $66 million for the first quarter of 2022. That compares with net income of $11 million in the prior year quarter. First quarter capital retu...