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Regulatory veteran Ricardo Garcia has been appointed managing director of the Bermuda Monetary Authority. Mr Garcia, who joined the BMA in 2013, will be responsible for the organisation’s supervision of insurance, banking, trust, corporate services, ...

White Mountains Insurance Group Ltd, the Bermudian-domiciled financial services holding company, has signed a definitive agreement to sell NSM Insurance Group to investment funds affiliated with global investment firm Carlyle in a transaction that va...

Bermudian-based RenaissanceRe has made a senior appointment to its Capital Partners team, hiring Keenan Press as a vice-president. Mr Press will lead the investor due diligence function, reporting to Chris Parry, who is SVP, global head, Capital Part...

Tysers, the London-based re/insurance broking group with an office in Bermuda, has announced that Australian-based AUB Group has entered into a binding agreement to purchase the firm. The reported price is $880 million AUD (approximately $613 million...

Apex Group Ltd, the global financial services provider based in Bermuda, has expanded its longstanding relationship with Aizawa Asset Management to provide services to their new Cayman fund, Ariake Secondary Fund III LP. Apex has been appointed to pr...

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...