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Bermudian-based reinsurer PartnerRe has announced that it has entered into a transaction with The Manufacturers Life Insurance Company (Manulife) to reinsure longevity risk from an in-force block of Canadian group payout annuities. In aggregate, Par...

Ascendant Group Ltd was the only stock to trade on the Bermuda Stock Exchange. The owner of electricity utility Belco remained unchanged on $20 as 5,223 shares changed hands. The Royal Gazette/BSX Index closed unchanged on 2,237.15. Butterfield Bank’...

RenaissanceRe Holdings Ltd has announced that it has received all regulatory approvals required in connection with its previously announced acquisition of Tokio Millennium Re AG and Tokio Millennium Re (UK) Limited. Bermudian-based RenaissanceRe said...

Six Bermudian companies have been awarded subcontracts in the new airport terminal building including tiling, glassworks, painting and masonry works. The development is being done by Aecon Group. Frank Ross, Aecon’s executive director, infrastructure...

A total of 18,400 shares of Butterfield Bank changed hands on The Royal Gazette/BSX Index, but there was no change to the closing price of $35.50. Meanwhile, in New York, the bank’s shares were down 43 cents, or 1.15 per cent, at $37.06. The Royal Ga...

Bermudian-based global reinsurer PartnerRe is to reorganise its property and casualty business segment into a regional structure, effective April 1. The changes, announced today, will give the company three distinct P&C regional units: Americas, Euro...

Colonial Group International Ltd has broken ground on a new office building in Freeport, Grand Bahama. The 12,000 sq ft complex on The Mall, Freeport’s main commercial artery, represents an investment of approximately $4 million by the Bermuda-based ...

Walkers Bermuda is growing its professional-services team. The law firm launched Walkers Professional Services in late 2017 and recently expanded the operation to include new services and new hires. The team now includes four specialists who have si...

Shares of Butterfield Bank fell 7 per cent in Bermuda Stock Exchange trading. The bank dipped $2.75 on the trading of 503 shares to close on $36.50. Butterfield’s US-listed shares fared much better on the New Stock Exchange, gaining 74 cents, or 2 pe...

Chubb Ltd has received approval from the China Banking and Insurance Regulatory Commission to increase the company’s ownership in Huatai Insurance Group Company Ltd to 26.2 per cent. That is up from its current 20 per cent and, as a result of the inc...