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Authorities in Bermuda and the US are making inquiries into the recording of loss reserves by Markel CatCo Investment Management Ltd and its subsidiaries. This was revealed in a statement last night from Markel Corporation, the US-based parent compan...

Butterfield Bank shares gained 23 cents, or 0.66 per cent, to close at $35.10 on the New York Stock Exchange Meanwhile, on The Royal Gazette/BSX Index, a total of 100 shares of Butterfield Bank traded, but with no change to the closing price of $35....

Offshore law firm Carey Olsen Bermuda is adding to its employment and dispute resolution practices with the appointments of Bermudians Jay Webster and Keivon Simons. Mr Webster will join Carey Olsen Bermuda as a senior associate and is returning to ...

Technology expert Chok Ooi will be in Bermuda next week for two days of outreach and meetings. A study by Executive MBA students of Cornell University in the US, and Queen’s University in Canada, has highlighted the role technology plays in the econo...

A subsidiary of Bermudian-based shipping container company Triton International Limited has entered into a new $1 billion term loan arrangement. The proceeds from the loan facility, which matures in November 2023, will be used by Triton Container Int...

XL Catlin has scored a hat-trick of successes in JD Power’s annual study of large commercial insurance companies. For a third consecutive year, the company has been ranked top for overall customer satisfaction, edging out the likes of AIG, Chubb, and...

The efficiency of the Department of Immigration in dealing with work permit applications was one of the topics discussed in talks involving government officials and the body that represents the island’s international re/insurance industry. Wayne Cain...

Butterfield Bank’s board of directors has authorised the repurchase of up to 2.5 million of its shares over the next 15 months. Michael Collins, the bank’s chairman and chief executive officer, said: “Deploying capital to repurchase shares provides t...

Butterfield Bank shares fell five cents in Bermuda Stock Exchange trading. The bank slipped 0.1 per cent to close on $35.15 as 110 shares traded, on the day it announced a new buyback programme authorising the repurchase of 2.5 million of its shares....

AXA XL today announced that Shellé Hendrickson has been appointed as head of healthcare in its Bermuda insurance business. Ms Hendrickson succeeds Vivienne Moniz who was recently promoted to head of excess casualty, Bermuda. In her new role, Ms Hendr...