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American International Group made a loss of $6.7 billion on the sale of its Bermudian-based legacy reinsurer, the insurance giant revealed. AIG reported a net loss of $7.9 billion for the three months from April to June, driven mainly by the hefty ac...

Bermuda’s move to attract “digital nomads” to work remotely on the island has come at the right time for a company that has been helping people to relocate here for the past 13 years. Corporate Concierge Bermuda Ltd has launched a bespoke Bermuda rel...

Owners of the Ten Café and Bar plan to reopen the eatery — but only when enough of its regular customers have returned to their city workplaces. George Heracleous, president of Yellowfin Ltd, which owns the café on Dundonald Street, said the return o...

Shares of Argus Group Holdings Ltd improved five cents, or 1.9 per cent, to $2.62 after 15,000 traded on The Royal Gazette/BSX Index. Also improving was LOM Financial Ltd, which was five cents, or 1.8 per cent, higher at $2.77 after 33,400 shares cha...

Hiscox reserved $232 million for Covid-19 related claims in the first half of the year. The Bermudian-based re/insurer, which posted a loss of $138.9 million for the first six months of the year, is one of eight insurer participants in a case brought...

International law firm Conyers has chosen eight students as recipients of Legal Awards in 2020. Including renewed funding for some past recipients, the firm is awarding over $200,000 in 2020 to support Bermudian students with their legal education. T...

Mike Krefta, the leading executive in Hiscox’s Bermuda business, is to leave the global re/insurer, the company announced this morning. In a statement, Hiscox said Mr Krefta had decided to return to the UK in early 2021, having completed almost four ...

Kathleen Reardon is leaving her position as chief executive officer of Hamilton Re. Hamilton Insurance Group Ltd announced yesterday that David Brown, Hamilton Re’s chairman and the former CEO of Flagstone Re, has been appointed interim CEO of the gr...

Carey Olsen Bermuda has promoted Bermudian corporate lawyer Michelle Falcucci to senior associate. She took up the role on July 1. Ms Falcucci has been a member of the corporate team at Carey Olsen Bermuda since June 2019. She advises on all aspects ...

The Bermuda Monetary Authority recorded a budget deficit of $2.55 million last year, its third consecutive annual shortfall, and the seventh in the past decade. It has previously covered budget shortfalls from its general reserve, and last year the r...