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Chubb Ltd has increased its ownership in China’s Huatai Insurance Group Company Ltd. It is expected to own 46.2 per cent of Huatai’s shares upon completion of an agreed purchase of an additional 15.3 per cent of the group. This comes in the wake of r...

Butterfield Bank group chief financial officer Michael Schrum has been named a winner in the 2019 Finance Monthly CFO Awards. The UK-based multi-platform global publication provides news, comment and analysis on the corporate sector, and is distribut...

Bermudian re/insurer Axis Capital Holdings Ltd has estimated a loss of up to $110 million related to Typhoon Hagibis. Hagibis hit Japan last month and was the most devastating typhoon to hit the country’s Kanto region since 1958. Axis said today that...

Argus Group fell 10 cents, or 3.4 per cent, to $2.80 after 13,000 shares changed hands on The Royal Gazette/BSX Index. Meanwhile, shares of Butterfield Bank improved $1, or 3 per cent, to $34.25 after 554 traded. In New York, the bank’s shares were u...

Kayley Stewart has joined Bermudian-based Fidelis Insurance as part of the company’s London-based team at Fidelis Underwriting Ltd. Ms Stewart will be dedicated to further developing Fidelis’s terrorism and political violence account, bringing over 1...

Insurer Chubb has announced a share repurchase programme of up to $1.5 billion. The company, which has underwriting operations in Bermuda, said the new authorisation would be effective through December 31, 2020. The company has a market capitalisatio...

Nine entrepreneurs and event producers have been approved in the latest round of the Bermuda Tourism Authority’s Experience Investment Programme. The BTA said another five participants performed favourably in the application process, with decisions o...

There was trading in 12,000 shares of Argus Group Holdings Ltd on The Royal Gazette/BSX Index, but with no change to the closing price of $2.90. In New York, shares of Butterfield Bank were up 65 cents, or 1.93 per cent, at $34.30. The Royal Gazette/...

Markel Corporation’s executive chairman Alan Kirshner is to step down next year after 60 years with the company. Mr Kirshner, who has been Markel’s chairman for 33 years, will be replaced by Steve Markel, the vice-chairman. US-based Markel, which has...

Hamilton Insurance Group and Axa XL have joined forces to sponsor Code441’s annual hackathon. The event, which aims to teach local young people the fundamentals of coding, is to be held on December 20, 2019. Between 50 and 75 young people will gath...