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Bermuda’s first bank will pay $5.6 million in forfeiture and restitution payments to the United States government in a tax evasion case that dates back 20 years. The US Attorney for the Southern District of New York, the Justice Department and the In...

Bermuda-based James River Group Holdings Ltd has appointed David Gelinne as group chief actuary. James River said current group chief actuary Jennifer Kish has announced her intention to retire at the end of the third quarter. The company said Mr Gel...

The boss of a Bermuda-based tanker company has told shareholders and investors that it plans to renew and expand its fleet. Herbjorn Hansson, founder, chairman and chief executive officer of Nordic American Tankers Ltd, said: “A few years ago, NAT wi...

Nineteen Bermudian students received financial support for their further education through the island’s largest postsecondary scholarship programme at the recently held annual Association of Bermuda International Companies (ABIC) Education Awards lun...

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...