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Professional services firm KPMG intends to become a net-zero carbon organisation by 2030. The firm said the initiative is part of its continued focus on delivering growth in a sustainable way and providing climate solutions for member firms, clients ...

Private equity investors Pelican Ventures and JC Flowers & Co have completed their acquisition of Ariel Re from Argo Group. Ariel Re underwrites a global portfolio of reinsurance products in Bermuda, London and Hong Kong through its Lloyd’s platform....

Shares of Butterfield Bank rose $1.59, or 5 per cent, to $33.41, after 1,100 traded on The Royal Gazette/BSX Index. Somers Ltd was down nine cents, or 0.6 per cent, to $13.91, after 2,500 changed hands, while BF&M Ltd was down 25 cents, or 1.3 per ce...

Sonia Baxendale has joined the Butterfield Bank board as an independent director. She has extensive retail banking and wealth management leadership experience, and held senior leadership roles within Canadian Imperial Bank of Commerce, including six ...

Bermuda could see a $23 million economic impact from the return of foiling catamarans to the island for SailGP’s Bermuda Grand Prix in April, and that has local partners excited. The $23 million figure is the average impact calculated per venue durin...

Whitespace, the digital e-trading platform for brokers and insurers, has added video calling and instant messaging capabilities to the platform that links brokers and underwriters. The platform has clients in Bermuda. Stephen Carlin, chief executive ...

Hamilton Insurance Group Ltd has launched Ada Capital Management Limited, a Bermuda-regulated insurance agent authorised to underwrite on behalf of Ada Re, a newly formed Bermuda-registered special purpose insurer. Ada Re has secured capital commitm...

A total of 4,400 shares of One Communications Ltd traded on The Royal Gazette/BSX Index, but with no change to the closing price of $4.05. On the New York Stock Exchange, shares of Butterfield Bank were up 42 cents, or 1.28 per cent, at $33.21. The R...

Residents are being encouraged to embrace online shopping as Bermuda gears up for eMonday, the annual initiative that supports the development of e-commerce business on the island. Launched 10 years ago during Global Entrepreneurship Week, eMonday is...

A Bermudian-based provider of independent insurance management and consulting services has appointed a chief operating officer of fund services and ILS. Industry veteran Matthew Charleson’s post at Strategic Risk Solutions Inc and its subsidiaries is...