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Readers, this week a tribute to my friend, Heather Jacobs Matthews, CA, CFE, former Auditor-General of Bermuda. Heather served as Auditor-General of our country for the seven years in the aftermath of the turbulent and stressful recession due to th...

Butterfield Bank shares rose 1.3 per cent in Bermuda Stock Exchange trading. The bank gained 49 cents to close the day on $39.60 as 3,206 shares changed hands. Butterfield’s US-listed shares fell four cents, or 0.1 per cent, to close on $40.44 on the...

Integral ILS Ltd, the independent insurance-linked securities fund manager, has announced the launch of a new US property insurance initiative, with risks underwritten by Amwins and policies issued through subsidiaries of Core Specialty Insurance Hol...

Retail sales volume increased by 14.2 per cent in December year-over-year, marking the sixth consecutive month of rising sales for a sector hard-hit in the first half of 2020 by the impact of the Covid-19 pandemic. The figure has been adjusted for th...

Global re/insurer Chubb Ltd has confirmed that it submitted a preliminary proposal to acquire insurance and financial services company The Hartford for around $23 billion. In a statement, the company said yesterday: “On March 11, Chubb Limited presen...

A champion of Bermuda’s re/insurance industry has been honoured at a ceremonial tree planting next to the Hamilton Ferry Terminal. Michael Butt is a past chairman of the Association of Bermuda Insurers and Reinsurers, and a former longtime chairman o...

Shares of BF&M Ltd improved 25 cents, or 1.1 per cent, to $22.25 after 15,919 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, shares of Butterfield Bank were up 89 cents, or 2.25 per cent, at $40.48. The Royal Gazette/BSX Index...

A portion of an iconic East End shopping and dining area is in the process of being sold. The sale of the east side of Somers Wharf is expected to close at the end of the month. David Summers, president of owners Wilkinson Estates Ltd, said: “The pro...

Assured Guaranty Ltd has begun further expansion of its footprint in continental Europe. The Bermudian-based financial guaranty insurer said it has issued new financial guarantees through its French subsidiary, Assured Guaranty (Europe) SA. AGE is ra...

A unit of Arch Capital Group Ltd has agreed to acquire Australia’s Westpac Lenders Mortgage Insurance Ltd. The Global Mortgage Group of Bermudian-based Arch has entered into a share purchase agreement with the Westpac Group to make the acquisition. D...