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The RG/BSX Index closed unchanged at 2,705.02 in the absence of trading on the Bermuda Stock Exchange. The Bank of Butterfield fell $1.86 (4.69 per cent) to close at $37.79 on the New York Stock Exchange. The BSX Insurance Index remained unquoted.

AM Best has assigned the financial strength rating of A- (Excellent) and a long-term issuer credit rating of a- (Excellent) to two overseas subsidiaries of Convex Group Limited (Bermuda). Convex Europe SA (CES) (Luxembourg) and Convex Guernsey Limite...

Some business pundits claim that budding entrepreneurs should be spending an entire day just focused on promoting their company. But Nadia Laws, of PR firm Media Maven, says that with all the things that many small business owners do themselves — de...

A leading rating agency has predicted that 2022 will bring the fifth consecutive year of premium rate increases for property catastrophe cover in 2022, and predicted that they will be double-digit rate increases. Fitch Ratings also said that it expec...

A deal for the sale of Bermuda-based PartnerRe could be back on, with word that EXOR, the company that acquired the reinsurer in 2016, has restarted talks with the French insurer Covéa. The transaction last year would have had Covéa pay $9 billion in...

With the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow starting next week, climate change is in the forefront, and a coherent strategy on sustainability is fast becoming a necessity, rather than a choice, for financial service p...

The company that owns Bermuda’s electricity supplier has just purchased an electricity supplier in Kentucky. Algonquin Power & Utilities Corp said that its indirect subsidiary Liberty Utilities Co has an agreement with American Electric Power to acq...

Bermuda-registered Nabors Industries Ltd has reported a third-quarter net loss of $115.7 million, an improvement over the comparative three months of 2020 when it lost nearly $147 million. But it means that Nabors has lost more than $434 million in t...

The RG/BSX Index closed unchanged at 2,705.02 in light trading on the Bermuda Stock Exchange. The only movement was BF&M, with 10,000 shares sold at an unchanged price of $23. The Bank of Butterfield closed 25 cents (0.63 per cent) lower on the New Y...

Bermuda reinsurer RenaissanceRe Holdings Ltd has estimated that losses from certain 2021 catastrophe events will have a net negative impact of approximately $725 million on the company’s third-quarter 2021 results of operations. This estimate is prim...