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The Bermuda Monetary Authority released the 2020 BMA Captive Report yesterday. This report highlights the market results from the 2019 year-end statutory financial returns by general business captive insurers (i.e., Class 1, Class 2 and Class 3 insu...

(BLOOMBERG) – Credit Suisse Group AG lost a court fight in Bermuda to keep the lid on confidential reports about a deceased rogue-banker convicted of defrauding his rich clients including a billionaire former Georgian prime minister. The Bermuda Supr...

Bermuda-based Athene Holdings Limited has reported third quarter net income available to common shareholders of $698 million, compared with $622 million for the same period last year. Athene said the increase from the prior year quarter was driven by...

Compre, the international specialist legacy group, has appointed Brid Reynolds as group chief risk officer. Ms Reynolds joins Compre immediately and, subject to regulatory approvals, she will assume the role in Bermuda. Compre said Ms Reynolds joins ...

Bermuda-based drinks giant Bacardi Limited has announced that this holiday season, its range of gift packs will contain 50 per cent less plastic than last year. The largest privately held spirits company in the world said it is removing 147 tons of s...

Bermuda-based Argo Group International Holdings Ltd has reported third quarter 2021 net income attributable to common shareholders of $19.8 million. That compares to a net loss attributable to common shareholders of $25.1 million for the 2020 third q...

Bermuda-based global financial services provider, the Apex Group Ltd, will provide fund administration and accounting services to Nassau-headquartered Marlin Capital Partners. Marlin is licensed and regulated by the Securities Commission of The Baha...

The RG/BSX Index plunged 107.28 points (3.96 per cent) to close at 2,598.80 after 4,905 Bank of Butterfield shares traded, with a turnover of $181,485. The issue finished $2 lower (5.1 per cent) at $37. Meanwhile, on the New York Stock Exchange, Butt...

Bermuda-based North End Re Ltd has been assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) by AM Best. The outlook assigned to these credit ratings is stable. AM Best said the ratings refle...

Carb lovers stormed a new French bakery in Hamilton on Monday, gobbling down all the fresh baked goods on offer. “We sold out the first day,“ said Thomas Bekhazi, owner of l’Artisan Boulangerie on the ground floor of Point House on Front Street. “...