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CEO Vincent Tizzio expects the arm to be consistently profitable with a combined ratio in the low 90s

Butterfield closed $44.67, down 63 cents on the New York Stock Exchange

The securities, issued in 2016 under Nicolás Maduro, have been challenged as unlawful under Venezuelan law

The telecom is offering to buy users out of a competitor’s contract for up to $1,000

The executive will oversee branch operations and help expand the company’s global reinsurance platform

The company will provide underwriting and liability management services for a new casualty reinsurance vehicle

The loyalty programme rewards customers for their US purchases and will provide customers with rebates

In recent years, Bermuda has been subject to deepfake posts, disinformation campaigns and impersonation attempts

A spokesman for the bank says the change affects only bill settlement

How much softening will depend on the risk climate in 2026