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Reinsurance capital globally hit a new peak of $585 billion in the first half of this year, a jump of 4 per cent on the 2015 full year figure. To put that capital pile in context, the ten-year median average for global insured losses is $46 billion. ...

BF&M has reported net earnings of $13.2 million for the first half of this year. That is a $1.8 million improvement on shareholders’ net income, year-on-year. It also represents an annualised return on shareholders’ equity of 9.9 per cent. However, t...

It’s onwards and upwards for Alumiglas, which has moved to bigger premises and plans to open a retail area to augment its commercial side. The commercial glass and aluminium company is now located at 15 Cox’s Hill in Pembroke, just behind Auto Soluti...

A total of $31 billion was held by 102 ultra-high-net-worth individuals living in Bermuda in 2014. That is one of the facts included in a new booklet that highlights Bermuda’s attractiveness to the trust industry and wealthy clients. The trust indus...

Registration has opened for a three-day festival to promote and support greater diversity and inclusiveness in the insurance sector. It will be held in Bermuda later this month. The Dive In Festival is a global initiative with more than 45 events tak...

Butterfield Bank is planning to raise about $250 million through an offering of 10.6 million shares in connection with its proposed initial public offering on the New York Stock Exchange. In a registration document filed with the US Securities and Ex...

Butterfield Bank is planning to raise about $250 million by offering 10.6 million shares in connection with its proposed initial public offering on the New York Stock Exchange. In a registration document filing with the US Securities and Exchange Com...

A new taxi dispatch service has started operations and aims to have all taxis in its network able to take credit and debit card payments and have GPS access. The company is in the process of ramping up its services, which will give customers the abil...

Insurers will be bracing for loss claims associated with the explosion of a rocket and its satellite payload on a launch pad at Cape Canaveral in Florida yesterday. A SpaceX rocket was being prepared for a test firing when it blew up. No one was inju...

It’s all change for Air Care, with the company in the process of moving from Mill Creek to the former Bermuda Gas showroom and offices. The move is being done in stages. Everything will be completed by the end of this month. The new location, at 25 S...