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Hamilton Insurance Group, Ltd today announced the appointment of Craig Howie as Group chief financial officer. Mr Howie will report to Group chief executive officer Pina Albo, starting July 1, subject to requisite regulatory approval. He replaces To...

Apex Group Ltd, the global financial services provider founded in Bermuda, has acquired Tzur Management, a fund administration services provider with offices in Tel Aviv and New York. Terms of the deal were not disclosed. Apex said the strategic dea...

Acrisure Re, the reinsurance broking and corporate risk advisory firm with an operation in Bermuda, has launched an international facultative unit. The company, which is the reinsurance division of global insurance broker and fintech services provide...

Working together, the Regulatory Authority and Belco have achieved a midyear reduction in the retail tariff that is applied to electricity bills. Across the board, the tariff decrease averages out at about 1.6 per cent. It will take effect from June ...

Retail sales volume in Bermuda increased by 4.5 per cent in February as local businesses continued to benefit from a bump in on-island spending by residents. This compares to the previous year’s local retail sales, which reported a volume increase of...

Tom Albright is stepping down from his role as chief executive officer of Bermudian-based cryptocurrency exchange Bittrex Global (Bermuda) Ltd and Bittrex Global GmbH of Liechtenstein effective today, the boards of directors of the two companies have...

Bermudian-based reinsurer Ariel Re has made two appointments to its senior management team on the island. Mike Pedraja joins Ariel Re as group chief financial officer, and Tim Shreeve has been appointed as head of platform development. The appointmen...

Despite some recent choppiness, stock market averages continue to hover near their all-time highs – but that masks a subtle shift occurring beneath the surface. Lately, cyclical stocks, or those most dependent on economic strength for profits, have b...

There were no trades on The Royal Gazette/BSX Index, which was unchanged at 2,638.1. On the New York Stock Exchange, shares of Butterfield Bank were down nine cents, or 0.23 per cent, at $39.22. The BSX Insurance Index was down 18.95 points, or 1.05 ...

Ratings agency AM Best has affirmed the financial strength rating of A+ (Superior) of the operating subsidiaries of Bermudian-based re/insurer PartnerRe Ltd. The agency also affirmed the long-term issuer credit rating of “aa-” of the operating subsid...