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Bermudian-based re/insurer Axa XL has announced a new leadership team and proposed changes to the operating model of its insurance business following a strategic review. The company said key proposed changes include the creation of a single global in...

HSBC Bermuda will open its Harbourview, St George’s and Somerset branches on Thursday this week and on April 30 from 9am through 12pm, to provide limited banking services. After consultation with the Bermuda Government, the bank will open only to pro...

Businesses have been given more time to make statutory filings and fee payments to the Government. The Ministry of Finance said that the deadline for filings and fees that companies had been unable to submit by the end of March because of government ...

An insurance steering group in the UK, formed to propose pandemic response, is being led by Stephen Catlin, chief executive officer of Convex. He is chairman of the group, which features CEOs from another of others in the insurance industry, who will...

The local office of international law firm Conyers has provided Bermuda law advice to Carnival Corporation in connection with its private offering of $6 billion in two tranches of notes. The firm said the financing transaction involved numerous juri...

Fifteen hundred shares of Ascendant Group Ltd traded in Bermuda Stock Exchange traded. However, the owner of electricity utility Belco remained unchanged on $30.25. Ascendant was the only stock to trade as The Royal Gazette/BSX Index closed unchanged...

Premier Health and Wellness Centre and The Little Venice Group have teamed up to provide complimentary dinner to staff in the Bermuda Hospitals Board’s emergency department during the Shelter in Place period. The dinners have been provided every nigh...

Shares of Butterfield Bank improved by $1.50, or 8.6 per cent, to $19 after 2,800 changed hands on The Royal Gazette/BSX Index. On the New York Stock Exchange, the bank’s shares were up $1.13, or 6.57 per cent, at $18.34. On the local exchange there ...

Three new members have been added to the board by Argo Group International Holdings Ltd, with five board members departing. Shareholders of the Bermudian-based re/insurer have also approved a proposal to reduce the maximum size of the board to 11 fro...

Shares of Butterfield Bank fell 60 cents, or 3.3 per cent, to $17.50 after 1,000 traded on The Royal Gazette/BSX Index. In New York, the bank’s shares were down 38 cents, or 2.16 per cent, at $17.21. On the local exchange there was also trading in 1,...