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Kroll Bond Rating Agency has affirmed its insurance financial strength rating of AA+ for Assured Guaranty Municipal Corporation, and assigned its subsidiary Assured Guaranty (Europe) a AA+ insurance financial strength rating, both with stable outlook...

Sarah Demerling has joined Walkers Bermuda as a partner in the law firm’s corporate, finance and funds group. Ms Demerling is the third lawyer to join Walkers Bermuda in the past three months. With more than 17 years’ experience in the financial ser...

Everest Re Group Ltd’s president and chief executive officer, Dominic Addesso, will retire at the end of the year. As a result, the company’s board of directors is undertaking a search as part of its succession planning process which will include a r...

Albert Benchimol has been elected as chairman of the Association of Bermuda Insurers and Reinsurers. The Axis Capital chief executive officer will act as the insurance industry body’s figurehead for 2019 and 2020, after Abir’s biennial election of n...

Clarien Bank has appointed chief executive officer Ian Truran to the bank’s board of directors. Mr Truran has led the bank since May 2010, when he was named CEO of Capital G Bank, before the rebranding as Clarien. Patrick Hylton, chairman of Clarien ...

Butterfield Bank shares were up 50 cents, or 1.6 per cent, at $32 after 200 traded on The Royal Gazette/BSX Index. In New York, the bank’s shares were up 35 cents, or 1.07 per cent, at $32.97. On the local exchange a total of 4,220 shares of Ascendan...

Liberty Mutual has completed a new transaction utilising the Limestone Re capital markets platform that provides approximately $150 million of collateralised reinsurance capacity for its US property catastrophe programme, as well as its US. homeowner...

A total of 9,000 shares of Ascendant Group were traded on The Royal Gazette/BSX Index, but with no change to the closing price of $16.75. The Royal Gazette/BSX Index was unchanged on 1,980.41, while the BSX Insurance Index was down 4.02 points, or 0....

Clarien Bank Ltd announced a net profit of $7.3 million for the first nine months of last year. In a statement the bank said the profit was 126 per cent up on the previous 12 months. Clarien has changed its financial reporting date to September 30 to...

Karolyn Darrell-Burgess has been promoted to safety oversight adviser at the Bermuda Civil Aviation Authority. It is a role she has been working towards for two years through a succession plan prepared by the authority to help grow the careers of you...