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Shares of Butterfield Bank surged 15.4 per cent in Bermuda Stock Exchange trading. The bank jumped $3.75 to close on $28.05 as 10,000 shares changed hands. Butterfield’s US-listed shares gained 53 cents, or 1.9 per cent, to close on $28.39 on the New...

Shares of Argus Group Holdings Ltd gained 4.4 per cent in Bermuda Stock Exchange trading. The insurer advanced nine cents to close on $2.15 as 14,300 shares changed hands. The only other stock to trade was LOM Financial Ltd, which remained unchanged ...

RenaissanceRe is looking to raise about $1 billion in capital through a sale of shares. The Bermudian-based reinsurer announced an underwritten public offering of 5.5 million of its common shares on Tuesday. At the same time, US insurer State Farm M...

Shares of Argus Group Holdings Ltd slid 8 per cent in Bermuda Stock Exchange trading. The insurer fell 18 cents to close on $2.06 as 19,200 shares changed hands. Argus was the only stock to trade on the BSX. The Royal Gazette/BSX Index fell 3.6 point...

A new special purpose insurer has been launched in Bermuda by Hudson Structured Capital Management. Bumblebee Re is headquartered in Hamilton, and is designed to bring collateralised reinsurance cell-formation business in-house for HSCM Bermuda Manag...

Butterfield Bank has priced a $100 million registered debt offering. The bank said tonight that the 5.25 per cent fixed to floating subordinated notes, due 2030, was expected to close on or about June 11, 2020, subject to customary closing conditions...

Butterfield Bank is giving customers the option of deferring loan payments for another three months should they be facing ongoing financial difficulty due to the impact of Covid-19. The offer is for existing customers who have personal loans and mort...

Shares of Ascendant Group were down 40 cents, or 1.3 per cent, at $30.60 after 400 traded on The Royal Gazette/BSX Index. One Communications Ltd improved by five cents, or 1.3 per cent, to $3.90 after 200 shares changed hands. Butterfield Bank was up...

Bermuda-qualified corporate lawyer Sheba Raza has joined Carey Olsen in London to expand the law firm’s Bermuda law capabilities in the UK. She was previously a counsel with Conyers for 13 years, and is the first Bermuda-qualified lawyer to be based ...

Appleby has announced the promotion of Andrew Kuzma, Jamie Rego, Sam Riihiluoma and Caljonah Smith to senior associate. The promotions represent all practice groups: corporate, dispute resolution and private client and trusts. Mr Rego, Mr Riihiluoma...