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Argo Group and Allied World have joined a growing number of insurers and reinsurers to rule out providing services to a giant coalmine project in Australia. The Bermudian-based companies were among those with Lloyd’s of London insurance syndicates ap...

Enstar Group Ltd has made a $31 a share offer to buy fellow Bermudian insurer Watford Holdings Ltd, which values the company at about $616 million. The offer came in a letter to the Watford board, signed by Paul O’Shea, Enstar’s president and dated S...

Bermudian-based White Mountains Insurance Group has agreed to invest up to $1 billion of fresh capital into Ark Insurance Holdings Ltd and acquire a majority stake in the Lloyd’s of London insurer. One of the results of the deal will an upgrade of Ar...

Two stocks traded on the Bermuda Stock Exchange, but neither changed value, as The Royal Gazette/BSX Index remained unchanged on 1,698.14. Argus Group Holdings Ltd closed unchanged on $2.73, as 600 of the insurer’s shares changed hands. One Communica...

The Regulatory Authority has proposed trimming its budget by about $600,000, or 9 per cent, for its next fiscal year. The regulator of the electricity and electronic communications sectors has also recommended a freeze on the fees that fund it, deriv...

Lighthouse Medical Supplies Ltd has announced a new partnership with Bermuda SPCA that will raise funds for promotion of kindness to animals and prevention of animal cruelty. Mike Serebrennik, chief operating officer at Lighthouse Medical Supplies, ...

Bittrex Global (Bermuda) Ltd has been given a licence to operate its cryptocurrency exchange under the supervision of the Bermuda Monetary Authority. The Bittrex Global executive team is to begin growing its presence in Bermuda and intends to open an...

Third Point Reinsurance Ltd has announced that David Junius has been appointed chief operating officer effective from tomorrow. Upon the company’s anticipated closing of its merger transaction with Sirius International Insurance Group Ltd. Mr Junius ...

Butterfield Bank shares fell by 90 cents, or 3.9 per cent, to $22.10 after 1,103 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, shares of the bank were up 51 cents, or 2.29 per cent, at $22.79. On the local exchange there was ...

Chaucer has applied to the Bermuda Monetary Authority to form a new Class 4 reinsurance company. The Lloyd’s insurer, which is owned by China Re, made the application through its Ireland subsidiary Chaucer Insurance Company DAC and is awaiting approv...