Log In

Bermudian-based specialty reinsurer Third Point Reinsurance Ltd will change its ticker symbol on the New York Stock Exchange to “SPNT” on completion of its merger with Sirius International Insurance Group Ltd. The company will be known as SiriusPoint...

Shares of Butterfield Bank were up 33 cents, or 1.01 per cent, at $33.08 on the New York Stock Exchange. There were no trades on The Royal Gazette/Bermuda Stock Exchange, which closed at 2,273.69, up 177.85 points, or 5.47 per cent. The BSX Insurance...

Butterfield Bank’s profit for the fourth quarter was $42.1 million, or 84 cents per share, about $1.8 million less than the same period in 2019. For the full year, it had net income of $147.2 million, or $2.90 per share, compared to $177.1 million t...

Ardmore Shipping Corporation has reported a net loss of $6 million for the year, or 18 cents per share. That includes a $6.5 million loss on the sale of the tanker Ardmore Seamariner, and compares with a net loss of $22.9 million in 2019. Adjusted pr...

Arch Capital Group Ltd reported fourth quarter net income of $533.1 million, or $1.30 per share, up from $316 million for the same period in 2019. Its after-tax operating income was $230.4 million, down from $308.4 million. Pre-tax current accident y...

Everest Re Group Ltd has reported full-year net income of $514.2 million, or 12.78 cents per share, which was about half of the $1 billion achieved in 2019. It had pre-tax net Covid-19 pandemic losses of $511 million for the year, and $76 million for...

Bermudian-based crude oil tanker company DHT Holdings Inc has reported full-year net income of $266.3 million, which is the highest yearly result in its history. The company, which was founded in 2005, said the Covid-19 pandemic is still impacting it...

The world was caught unprepared by the Covid-19 pandemic, however a Bermudian-based reinsurer secured some pandemic coverage protection only weeks before the coronavirus health emergency unfolded. Legal & General Reinsurance took steps that protected...

Financial services investment holding company Somers Limited has reported net income of $69 million for 2020, that compares with a $9.7 million loss the previous year. It had gains on investments of $60.9 million, up from $4.3 million in 2019. Somers...

Kuvare Life Re Ltd has been given an A- (excellent) financial strength rating by AM Best. The life and annuity reinsurer holds a Class E insurance licence from the Bermuda Monetary Authority. It is a subsidiary of Kuvare UK Holdings Limited, and focu...