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Shares of Ascendant Group Limited were up 50 cents, or 2.9 per cent, to $18 after 15,000 traded on The Royal Gazette/BSX Index. Meanwhile, Butterfield Bank shares improved by five cents, or 0.1 per cent, to $35 after 6,085 changed hands. In New York,...

The board of Bermudian-based reinsurer Sirius International Insurance Group Ltd has elected a new chief executive officer and a new chief financial officer. Kernan “Kip” Oberting will succeed Allan Waters as CEO of Sirius Group, and Ralph Salamone wi...

Bermudian-based White Mountains Insurance Group Ltd will receive an $85 million cash payment as the result of a deal involving a company in which it owned a majority stake. MediaAlpha has signed a definitive agreement to sell a significant minority s...

Canadian tax authorities have launched about 100 audits into taxpayers named in the Paradise Papers, a huge batch of documents stolen from the database of law firm Appleby. The audits were revealed in the Canadian Parliament, the Toronto Star reporte...

Kathleen Faries is the new chairwoman of ILS Bermuda, having filled the deputy role since 2015. She succeeds Greg Wojciechowski, who served as chairman during the past four years. The new deputy chairman is Tim Tetlow. Ms Faries and Mr Tetlow will wo...

Shares of Argus Group Holdings Ltd improved by 54 cents, or 16.6 per cent, to $3.79 after 26,812 were traded on The Royal Gazette/BSX Index. There was trading in 6,520 shares of Ascendant Group, and 3,500 shares of One Communications, but with no cha...

Axa XL has entered into an agreement with Silicon Valley-based company Guidewire Software Inc to have global access to Guidewire Cyence Risk Analytics, a risk-modelling solution designed to help quantify the financial impact of cyber-risk exposures. ...

IBC Bermuda Ltd has promoted Kevin Smith to managing director. Mr Smith joined IBC 20 years ago, as manager of IBC/ZipX UPS at LF Wade International Airport. He went on to become vice-president of airport operations in 2005 working with operating st...

Shares of Butterfield Bank were down 89 cents, or 2.48 per cent, at $35.05 on the New York Stock Exchange. Meanwhile, there were no trades on The Royal Gazette/BSX Index, which was unchanged at 2,166.08. The BSX Insurance Index was up 3.09 points, o...

Blue Capital Reinsurance Holdings Ltd made a net loss of $24.9 million, or $2.84 per share, for the fourth quarter. The net loss for the year was $28.6 million, or $3.27 per share. The combined ratios for the quarter and year were 308.8 per cent and ...