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Reinsurers will face insured losses of between $66 million and $133 million from the earthquake which struck Italy last week. That is the estimate of Fitch Ratings, which also expects insured losses for primary insurers to be in the range of $40 mill...

Bermudian-headquartered Qatar Re is reaping the benefits of investing last year to grow its business. During the first six months of 2016 it achieved a string of improved results, including a 79 per cent jump in half-year profit to $23.9 million. The...

Butterfield Bank shareholders have approved a proposed ten-for-one reverse share split. At a special meeting held today the proposal was approved with the requisite number of votes. Ordinary shareholders will receive one new ordinary share for every...

The deadly earthquake that struck the Umbria region of Italy this week is not expected to trigger the Azzurro Re catastrophe bond. More than 240 people were killed when the 6.2-magnitude quake hit the area, 65 miles northeast of Rome, on Wednesday mo...

In the wake of Arch Capital Group Ltd agreeing to acquire United Guaranty Corporation from AIG, one of the major rating services has revised its outlook for the group from stable to negative. It is a cautionary move by S&P Global Ratings, which has a...

Digicel Bermuda has boosted its range of smartphones by adding iPhones to its selection. The move “completes the set” for the company, which already sold Android devices, Blackberries and its own DL range of smartphones. Adding iPhones to its range h...

EY has been recognised as the top CPA firm at the US Captive Awards in Vermont. In winning the award, the judges said they were “impressed with EY’s significant uptick in its captive focus during the past 12 months and the investment it has made in i...

Butterfield Bank's filing for a proposed initial public offering in the US is the latest milestone on the bank's recovery from the global financial crisis.At a meeting later this month shareholders will hear details and vote on a reverse share split ...

As Bermuda weighs the pros and cons of advancing plans for a new airport terminal, one of the airlines that flies to and from the island is in no doubt that improved facilities make a difference for travellers. JetBlue, which serves the island from N...

From departure lounge nap stations to a post-security rooftop garden area, and even a produce-growing farm, innovations abound at JetBlue's home terminal in New York. The airline made Bermuda one of its early overseas destination choices 10 years ago...