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Entrepreneurs seeking admission to the second cohort of entrepreneurial accelerator Ignite Bermuda must submit their application by Monday. Applications are being accepted at www.ignitebermuda.com for the cohort, which begins in January. Some 17 busi...

PartnerRe Ltd made a profit of $216 million in the third quarter, compared to a loss of $106 million for the same period last year. The Bermudian-based reinsurer reported net realised and unrealised investments gains of $41 million on fixed maturitie...

More than 250 delegates, many from overseas, heard from chief executives of the world’s largest insurers and reinsurers at the PwC Insurance Summit yesterday. The event is now in its 14th year and was presented by the Financial Times and two of its l...

Shares of Butterfield Bank improved by 40 cents, or 1.2 per cent, to $34 after 527 traded on The Royal Gazette/BSX Index. In New York, the bank’s shares were up one cent, or 0.03 per cent, at $34.19. Meanwhile, on the local exchange, 2,900 shares of ...

More than 250 executives from over 80 global insurance and financial services organisations – many from abroad – will be attending today’s PwC Insurance Summit. The forum is being presented by the Financial Times, which has more than one million payi...

Miami International Holdings has acquired a controlling interest in the Bermuda Stock Exchange. MIH is the parent holding company of the MIAX, MIAX Pearl and MIAX Emerald options exchanges. The US company said the stake in the BSX aligns directly wi...

AM Best has affirmed the credit ratings of Colonial Group after a review sparked by losses related to Hurricane Dorian. The rating agency said today it had removed the Bermudian-based insurer’s A financial strength rating from under review with devel...

Shares of One Communications Ltd fell by 60 cents, or 16.7 per cent, after 14,000 traded on The Royal Gazette/BSX Index. Meanwhile, in New York, shares of Butterfield Bank were up 35 cents, or 1.03 per cent, at $34.18. The Royal Gazette/BSX Index was...

Ed, the global reinsurance, wholesale and speciality broker, has appointed John Turner as chairman of Ed Bermuda. Mr Turner joins from Aon, where he was most recently chairman, Aon commercial risk solutions UK & Americas. He has more than 40 years’ ...

Hayley Johnston has been named as the new chief executive officer of Lancashire Insurance Company Limited. She will assume the role next spring. She succeeds Elaine Whelan, who announced her retirement plans earlier this year, and will step down as C...