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American lawyers are advising international investors to sue over a failed Bermuda investment company. The failure of Northstar Financial Services (Bermuda) is related to a jailed billionaire investor in the US, and the sudden halting of the company...

The Bermudian-based subsidiary of an American annuity, life insurance and reinsurance group has entered into a $4.8 billion reinsurance transaction. Global Atlantic Financial Group said its subsidiary, Global Atlantic Assurance Limited, inked the dea...

Apex Group Ltd has secured corporate ratings from Moody’s Investors Service and S&P Global Ratings. The Bermudian-based global financial services provider said the Group and its subsidiaries were assigned a “B2” corporate family rating by Moody’s and...

Axis Capital Holdings Ltd has appointed Bermuda market veteran Chris Caponigro as global head of the rebranded business segment Axis ILS. The rebranding of its third party capital unit as Axis ILS was announced by the Bermudian-based re/insurer in ta...

The RG/BSX Index closed down 67.58 (2.64 per cent) on share volume of 722 on the Bermuda Stock Exchange. The BSX Insurance Index closed up 27.81 (1.60 per cent) at 1770.90. Butterfield Bank finished at $34.97, down by $1.02 (2.83 per cent) for the da...

A business segment of MS Amlin, the global re/insurer with an underwriting office in Bermuda, has appointed Norbert Herkströter as chief operations officer. MS Amlin Insurance SE, the European primary insurer of MS Amlin, also said Jan Vande Weghe ha...

Bermudian-headquartered Sompo International Holdings Ltd has launched a programme that aims to better prepare young women to assume future leadership roles at the company. The global speciality provider of property and casualty insurance and reinsura...

Bermudian-based Global Cloud Xchange, the submarine cable network owner/operator, has reported cash revenue growth of 6.6 per cent for the fiscal year ending March 31. GCX said the revenue of $271.2 million was led by strong recurring revenue and ind...

A former finance minister “is scared for Bermuda” because of an international movement towards a global minimum corporate tax. While the island has previously faced such global pressures, Bob Richards, who was finance minister from 2012 to 2017, fear...

Former finance minister Bob Richards believes that bowing to international pressure to establish a corporate tax regime in Bermuda could be a fool’s errand. The average person thinks that income tax is easy to understand, he says, but in financial se...