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Michael Doak will be leaving Bermudian-based RenaissanceRe Holdings Ltd to launch Griffin Highline Capital, a new private investment firm focused on the insurance industry. Mr Doak is a senior vice-president and portfolio manager for RenRe’s strategi...

PartnerRe has appointed Nicholas Hughes to the newly created role of head of retrocession, and made two hires to further expand its retrocession team. Mr Hughes, who joined the company in 2008, was head of global catastrophe, which included responsib...

Butterfield Bank’s temporary banking centre at Rosebank will cease operations at the close of business on Friday. Starting from Monday, a dedicated teller will be established in the bank’s Reid Street banking centre to assist senior clients and those...

A new Bermudian company is planned to reinsure $5 billion of annuities issued by American Equity Investment Life Holding Company. Värde Partners, a hedge fund, will establish the new reinsurer. The plan is the product of a strategic partnership betwe...

The Spot restaurant can continue its role as a Hamilton institution, but it needs youthful energy and ideas to carry it forward. Owner Thomas “Ted” Powell has put the Burnaby Street business up for sale. It has been closed since mid-March due to rest...

Even in times of adversity entrepreneurship thrives, as is the case with the opening of a new online retailer of baby and children’s items. It was during the Covid-19 pandemic lockdown that Ashley Stokes decided to turn her hand at website creation, ...

British Airways will switch its Bermuda service from London Gatwick airport to London Heathrow from the end of March. The airline will fly Boeing 777s on the route, and the travel time from Heathrow to Bermuda is expected to be seven hours and 20 min...

There were no trades on The Royal Gazette/BSX Index, which remained unchanged at 1,738.55. The BSX Insurance Index was down 18.78 points, or 1.4 per cent, at 1,326.49. On the New York Stock Exchange, shares of Butterfield Bank were down 66 cents, or ...

Bermudians Ashley Fubler and Izabella Arnold have joined the pupillage programme of Walkers Bermuda. The law firm announced that both young women will undertake training in the firm’s Corporate, Finance, Funds and Insurance practice group for six mon...

Life reinsurer Athene Holding Ltd is donating 200 laptops to the Bermuda public school system for the 2020-2021 school year. The donation aligns with Athene’s commitment to education-based initiatives in its communities as part of its broader corpora...