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Bermudians are being encouraged to consider accountancy as a profession due to the growing need for qualified candidates both on the island and worldwide. More than 300 accountants are employed in Bermuda as guest workers which means there are opport...

Bermuda-based insurer Lancashire Holdings Ltd has reported a pre-tax profit of $54.1 million for the six months June 30, compared to the $23-million loss for the same period in 2020. The turn-around was fuelled by huge increases in its property and c...

Bermuda’s international re/insurers are leveraging the market cycle and expanding their franchises considerably in a period of optimism. Several companies are active in share repurchases already, or resolving to buy back stock with accumulated cash a...

The RG/BSX index closed up 26.82 (1.07 per cent) at 2,540.71 on the trading of 200 shares of Bank of Butterfield stock at $36.50 for a total of $7,300 on the Bermuda Stock Exchange. The BSX Insurance Index closed at 1770.90, a change of 27.81 (1.60 p...

Argo Group International Holdings, Ltd. has reported second quarter to June 30 net income attributable to common shareholders of $67.1 million or $1.92 per diluted common share, compared to a net loss attributable to common shareholders of $5.4 mill...

Legacy specialist DARAG Group has appointed Ajay Chhabra as Group Head of Capital Management. The company said Mr Chhabra joins after six years at Aspen where he was most recently head of exposure and performance management. He previously held actuar...

A subsidiary of the Abu Dhabi owned and operated RoyalJet Group has been granted an air operator certificate by the Bermuda Civil Aviation Authority, the company announced. The granting of this certificate – the first AOC to be issued to the Group ou...

BMS Re, the independent reinsurance broker, has launched a Bermuda operation with the appointment of Adam Mullan as executive director. Mr Mullan’s appointment is subject to necessary visa and regulatory requirements being met, the company said. BMS ...

Energy industry mutual, Bermuda-based Associated Electric & Gas Insurance Services Limited (AEGIS) has just had its credit rating affirmed by ratings agency AM Best. Best said the outlook of the financial strength rating is stable, affirmed at A (Exc...

The Regulatory Authority of Bermuda has extended the deadline for public input into published guidance on Bermuda’s blueprint for future electricity production and costs. And regulators appear set to embark this month on a study that could determine ...