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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...

Bermudian-based Apex Group Ltd has entered the German market with the acquisition of fund administrator mola-administration GmbH. The global financial services provider, which was set up on the island in 2003, said the strategic acquisition establish...

The RG/BSX Index closed unchanged at 2,559.66 in the absence of trading on the Bermuda Stock Exchange. The BSX Insurance Index was up 27.81 (1.6 per cent) to close at 1770.90 The Bank of Butterfield closed on the New York Stock Exchange up 22 cents (...

Four Bermudian students have been selected for a summer internship programme at Ascot Group, the island-based re/insurer. Christina Costello, Saladin Beattie, Jude Snelling and Calvina Steede have joined the company’s inaugural internship initiative....