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Bermudian-based specialty insurance underwriters Argo Group International Holdings Ltd has agreed to sell its Italian operations, ArgoGlobal Assicurazioni S.p.A to Perfuturo Capital AG, a Swiss holding company. Argo said Perfuturo is fully owned by P...

The Construction Association of Bermuda is “encouraged” by Government’s $13.4 million short-term economic stimulus programme but says it has missed an opportunity to support training in the trades, the organisation’s president said yesterday. Simon T...

Staff at the Little Venice, L'Oriental and L'Oriental Express restaurants decided the food and money that would normally go towards their Christmas staff party would instead go towards 50 meals for The Eliza DoLittle Society. Danny Lim, executive che...

Bermudian-based Oil Casualty Insurance, Ltd has announced that its subsidiary, OCIL Specialty Ltd, formed this year, has been assigned a financial strength Rating of A- and a long-term issuer credit rating of “a-“ by AM Best. Further, OCIL Specialty...

Shares of Argus Group Holdings Ltd fell more than 8 per cent on high volume in Bermuda Stock Exchange trading. The insurer slumped 31 cents, or 8.6 per cent, to close on $3.31 as 80,900 shares changed hands. Fellow insurer BF&M Ltd gained 55 cents, o...

Bermudian-based Sompo International Holdings Ltd has acquired aviation insurer W. Brown & Associates Insurance Services. W. Brown has been a managing general underwriter for Sompo International since 2016. In a statement, Sompo said the W. Brown oper...

Conduit Reinsurance Ltd, the Bermudian start-up whose parent company raised about $1.1 billion in an initial public offering of shares on the London Stock Exchange, has announced seven senior staff hires. The new reinsurer has lured the new recruits ...

The cancellation of Butterfield Bank’s annual holiday party for employees because of restrictions on social gatherings has ended up bringing Christmas cheer to about 100 families in need. In place of the party, Butterfield gave staff hampers containi...

International re/insurance industry leaders Aeolus Capital Management, Ariel Re and Fortitude Re will join the Association of Bermuda Insurers and Reinsurers for 2021, the industry body announced today. The chief executive officers of the three compa...

In response to the financial impact of the Covid-19 pandemic, the Regulatory Authority of Bermuda is looking to trim its total expenditure budget by 11 per cent to $5,707,225. It is projecting a 10 per cent fall in revenues for the 2021-2022 fiscal y...