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A group of reinsurance companies located in the Cayman Islands have formed a new industry group, the Cayman International Reinsurance Companies Association. According to its mission statement, Circa is “the industry group for commercial reinsurers lo...

More than quarter of a million dollars worth of HSBC Holdings shares traded on the Bermuda Stock Exchange. The bank’s shares, listed among the BSX’s international companies, fell 15 cents, or 2.85 per cent, to close on $5.10 as 50,445 shares changed ...

Hamilton docks operator Stevedoring Services Ltd has issued an office closure advisory to importers and partners for December 31. The port operations will operate as normal and there will be no impact to container operations, cargo deliveries or demu...

Brian O’Hara sees no signs of an end to the hard insurance market that has inspired a slew of start-ups in Bermuda this year. The Bermuda re/insurance industry veteran said the drivers of the hard market were issues for which there was no quick fix a...

No shares traded on the Bermuda Stock Exchange as The Royal Gazette/BSX Index closed unchanged on 1,987.77. Butterfield Bank’s US-listed shares fell 26 cents, or 0.83 per cent, to close on $31.05 on the New York Stock Exchange on below-average volume...

Axa XL has donated more than $1 million to non-profit organisations in Bermuda dealing with the impact of the Covid-19 pandemic. Funds distributed this year by the international insurer include $50,000 towards the purchase of ventilators and other re...

Arch Capital Group Ltd has promoted Nicolas Papadopoulo to the position of president and chief underwriting officer, effective January 1, 2021. Mr Papadopoulo joined Arch in 2001 and currently serves as chairman and chief executive officer of Arch W...

Hamilton store & Partners intends to relaunch as an online business next year. The boutique shop in the Vallis Building on Par-la-Ville Road, near the junction with Front Street, was run Andrea Sundt and her husband Peter Lapsley. It closed its doors...

After success with a consulting company, Kastleway Group is taking another step forward by opening a registered law firm and recruiting a Bermudian attorney. Monika Adams launched Kastleway Compliance to give businesses the ability to hire a consulta...

WR Berkley Corporation has formed Lifson Re Ltd., a special purpose insurer registered in Bermuda and licensed by the Bermuda Monetary Authority. Lifson Re has been capitalised with more than $250 million of equity from a small group of global invest...