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A subsidiary of Bermudian-based property and casualty re/insurance run-off group Premia Holdings has become the latest customer for an automated finance software system created by Phinsys. Phinsys, which has an office in Bermuda, said it had been sel...

Bermuda will benefit as Ariel Re again becomes as an independent reinsurer, three years after it was acquired by Argo Group. The company intends to stay on the island and continue to nurture its already high level of local talent. Ryan Mather, Ariel ...

There was trading in 13,100 shares of Argus Group Holdings Ltd on The Royal Gazette/BSX Index. The shares improved 24 cents, or 8.1 per cent, to $3.21. Meanwhile, in New York, shares of Butterfield Bank were up $1.74, or 6.3 per cent, at $29.37. The ...

Argo Group International Holdings Ltd has reported a loss of $31.6 million, or 91 cents per common share, for the third quarter. That was worse than the $25.1 million loss incurred in the same period last year. However, operating losses were lower at...

Reinsurance franchise Ariel Re is being bought from Argo Group for an undisclosed sum. Private equity investors Pelican Ventures and JC Flowers have agreed to acquire Ariel Re from Bermudian-based Argo Group. Ariel Re was founded by Don Kramer in 200...

Quarantine bracelets are helping to spread the word about Bermuda as a place for new tech ideas, and assisting the island to keep a lid on Covid-19. Bermuda rolled out the technology in the summer. It has now been taken up in other places, notably Ha...

A broad measure of Bermuda’s economic activity contracted in the first quarter of this year, primarily from the impact of the Covid-19 pandemic. Gross domestic product, the value of goods and services generated by the island’s economy, fell year-on-y...

Working from home can have a negative impact on career development and lead to exhaustion and burnout. It can also adversely affect company culture and team cohesion, and have a knock-on impact on the local economy. Those were discussion points for a...

Shares of Argus Group Holdings Limited fell by 28 cents, or 8.8 per cent, to $2.92 after 10,200 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, shares of Butterfield Bank were down 27 cents, or 1.03 per cent, at $26.03. The Ro...

Butterfield Bank made a profit of $30.5 million, or 61 cents per share, for the third quarter. This was down from the $42.4 million it achieved a year ago, and a decline of $3.8 million from the second quarter. During the period it had a $8.9 million...