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Re/insurer Aspen Insurance Holdings Ltd has appointed Richard Lightowler to its board as a non-executive director. Mr. Lightowler is currently a non-executive director of Oakley Capital Investments Ltd and Hansa Investment Company Ltd. Mr Lightowle...

Shares of Butterfield Bank plunged 15.2 per cent in Bermuda Stock Exchange trading. The bank dived $5 on the trading of 900 shares to close on $28. Butterfield’s US-listed shares gained nine cents, or 0.29 per cent, to close on $31.29 on the New York...

ILS Bermuda has launched an internship programme to give Bermudian students a taste of work in the burgeoning insurance-linked securities industry. The group, which promotes economic development through the growth of ILS and alternative risk transfer...

Polaris Holding Company Ltd, which owns Hamilton docks operator Stevedoring Services Ltd, has deferred payment of dividends to shareholders. Directors of Polaris took the unanimous decision in a board meeting yesterday, Polaris said in a regulatory f...

Fidelis and Ascot Group have added a combined $585 million to the capital flowing into the re/insurance market. Ascot yesterday priced a $400 million debt offering of ten-year senior notes at 4.25 per cent. Fidelis said today it had raised $185 mill...

Hamilton Insurance Group has entered the environmental insurance market. John Termini, who joined Hamilton from Markel last month, will lead the new unit as US head of environmental, the company said today. Mr Termini has been focused on building ou...

Commercial real estate investment and management company West Hamilton Holdings Ltd saw its total revenue decrease slightly during the past year to $3.1 million. Its net operating income improved to $1.9 million, up 13.9 per cent, year-over-year. How...

Bermuda’s newest five-star hotel is to begin the hiring process in January for its April opening, the property’s developer has revealed. Laura Purroy, general manager of Hotelco Bermuda Holding Ltd, said the beachfront St Regis Bermuda Resort in St G...

Renovations to a closed East End tourist property are expected to begin in the New Year, the developer has revealed. Laura Purroy represents Hotelco Bermuda SGC Ltd, which is set to refurbish, operate and manage the hotel and timesharing scheme at th...

Butterfield Bank shares were down 41 cents, or 1.2 per cent, at $33 after 100 were traded on The Royal Gazette/BSX Index. In New York, the bank’s shares were down one cent, or 0.03 per cent, at $31.20. The Royal Gazette/BSX Index was down 20.27 point...