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Butterfield Bank shares improved 50 cents, or 1.6 per cent, to $31.50 after 3,856 were traded on The Royal Gazette/BSX Index. In New York, the bank’s shares were up $1.16, or 3.73 per cent, at $32.28. On the local exchange, a total of 6,000 shares of...

One Communications Ltd has authorisation to buyback up to two million of its common shares this year. The company’s board of directors authorised the repurchase programme, through the open market, which will run to the end of 2019. One Communications...

Calvin Okang Shabazz, a consultant with Bermuda Financial Network, has earned the CAMS designation. After passing the Certified Anti-Money Laundering Specialist exam, Mr Shabazz joins the CAMS graduates listed on the ACAMS.org website. Mr Shabazz has...

Shares of BF&M rose 0.3 per cent in the first trading session of the year on the Bermuda Stock Exchange. The insurer gained five cents to close on $16.25 as 9,000 shares changed hands. Ascendant Group, parent company of Belco, also traded, closing un...

The Mentor Network Committee of the Bermuda Foundation For Insurance Studies switched up its Christmas networking lunch for college students by holding a coached interactive event. The event was held at O’Hara House on Bermudiana Road, courtesy of A...

Shares of Ascendant Group fell by 15 cents, or 0.9 per cent, to $16.75 after 4,900 traded on The Royal Gazette/BSX Index. There was also trading of 9,300 shares of Butterfield Bank, but with no change to the closing price of $31. In New York, the ban...

Axis Capital Holdings Ltd chairman Michael Butt has been inducted into the International Insurance Society’s Hall of Fame. He has also been named the 2019 Insurance Hall of Fame Laurette, and will be honoured at the IIS Global Insurance Forum’s gala ...

Argus Group shares fell 4.1 per cent on the Bermuda Stock Exchange’s last trading day of 2018. The insurer fell 15 cents to close on $3.50 on the trading of 2,000 shares on Monday. The Royal Gazette/BSX Index closed down three points, or 0.15 per cen...

Hannover Re’s Bermudian-domiciled Kaith Re vehicle has issued a $10 million private catastrophe bond transaction to cover California earthquake risk. The Artemis.bm alternative risk transfer news website reported that the so-called “cat bond lite” tr...

Enstar Group Ltd has completed its acquisition of a US subsidiary of fellow Bermudian-based company Maiden Holdings Ltd. Enstar, a company that specialises in acquiring and managing companies and portfolios in run-off, said last night it paid out $27...