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Kathleen Reardon is to become chief executive officer of Hiscox’s reinsurance and insurance-linked securities business. The former CEO of Hamilton Re will replace Mike Krefta, who will step down in early 2021 as previously announced. Ms Reardon wil...

Argo Group International Holdings, Ltd has said its third quarter earnings will be adversely affected by estimated losses related to various natural catastrophe events and the continued impact of the Covid-19 pandemic. The Bermudian-based company exp...

Stephen Catlin, the chief executive officer and chairman of Convex, is on the new advisory board for Whitespace, a fully digital e-trading platform for brokers and insurers. London-based Whitespace has a number of clients in Bermuda, and in an interv...

One of the most popular cycle brands in Bermuda has a new local distributor. "I can confirm that after months of negotiations Cycle Zone has been chosen to represent Sym here in Bermuda," Cycle Zone general manager Gerald Saltus said. Cycle Zone wi...

A company that has a licence to operate a cryptocurrency exchange in Bermuda is looking at the potential for issuing a digital token backed by Bermuda dollars. Bittrex Global has been discussing the possibility with the Government and a bank in Bermu...

Shares of Butterfield Bank improved 50 cents, or 2 per cent, to $26 after 2,100 changed hands on The Royal Gazette/BSX Index. In New York, the bank's shares were up 59 cents, or 2.28 per cent, at $26.67. On the local exchange, 52,123 shares of One Co...

Retail sales rose in July on the back of pent-up demand for construction materials and a spike in boat purchases. After adjusting for inflation, retail sales volume was up 1.5 per cent from July 2019. In value terms consumers spent an estimated $105....

More than 700 attendees from 36 countries watched last week’s 2020 Bermuda Tech Summit. The online event, part of Bermuda Tech Week, concluded a thought-provoking three-day event with discussions on digital transformation in the face of Covid-19 and...

Bermudian-based Legal and General Re won in the Life Transaction of the Year category at Trading Risk magazine’s annual awards. L&G Re’s Adverse Mortality Stop Loss cover, executed in December 2019, protects the reinsurer’s US portfolio of mortality...

Essent Group Ltd has increased its credit facility from $500 million to $625 million. The Bermudian-based mortgage re/insurer said the amendment comprised an increase in its revolving credit facility from $275 million to $300 million, as well as the ...