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There were no trades on The Royal Gazette/BSX Index in a shortened trading day before the holidays. The index was unchanged at 2,380.37, while the BSX Insurance Index was down 19.77 points, or 1.14 per cent, at 1,719.27. On the New York Stock Exchang...

A combined ratio averaging above 100 per cent for a five-year period, and with a $318 million loan repayment on the horizon, AM Best has decided to revise its outlooks to negative for Qatar Insurance Company QSPC, and its Bermudian-based subsidiary Q...

Coral Coast Clothing is to accept payments in cryptocurrency. The Front Street outfit has partnered with GoCoin to allow customers to pay online and in-store, using bitcoin and other cryptocurrencies. Coral Coast sells a range of luxury tailored mens...

Bermuda International Long Term Insurers and Reinsurers saw an 11 per cent leap in membership this year. The number of companies joining Biltir, which represents the island’s long-term insurers and reinsurers who provide life and annuity products su...

The Olderhood Group is taking its popular radio show online in partnership with The Royal Gazette. After two successful years on the airwaves, the Olderhood team is bringing its lifestyle and financial content to the world wide web. The first ten-min...

For a second consecutive day there were no trades on The Royal Gazette/BSX Index. However, on the New York Stock Exchange shares of Butterfield Bank were up four cents, or 0.11 per cent, at $37.55. The Royal Gazette/BSX Index was unchanged at 2,380.3...

AM Best has affirmed the A- (excellent) financial strength rating of the operating companies of Bermudian-based insurer Argus Group Holdings Ltd. The ratings agency said the ratings reflected Argus’s “very strong” balance sheet strength, as well as i...

There will be a new president at American International Group Inc from January 1. Chief operating officer Peter Zaffino takes on the title from Brian Duperreault, who was appointed as both president and chief executive officer in May 2017. Bermudian-...

An insurance conference in New York will feature a keynote speech by Albert Benchimol, president and chief executive officer of Bermudian-based Axis Capital Holdings Ltd. The Insurer’s New York Insurance Forum will be held in the Union League Club on...

Shares of three companies gained, while three declined on a busy day of trading on the Bermuda Stock Exchange. Ascendant Group Ltd, parent company of Belco, fell by $1, or 3.3 per cent, to close on $29 as 800 shares changed hands on the day it was an...