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Argo Group International Holdings failed to disclose more than $5.3 million worth of perks and benefits paid to its former chief executive officer over a five-year period, according to the Securities and Exchange Commission. The US financial regulato...

Shares of Argus Group Holdings Ltd gained 4.4 per cent in Bermuda Stock Exchange trading. The insurer advanced nine cents to close on $2.15 as 14,300 shares changed hands. The only other stock to trade was LOM Financial Ltd, which remained unchanged ...

Ideally, a contract will contain both a “choice of jurisdiction” and a “choice of law” clause, the latter of which is sometimes also referred to as a “governing law” clause. Such clauses are independent of one another. The choice of jurisdiction cl...

Nikco Albuoy has a new weapon in the fight against Covid-19 ­­— steam. The owner of air-conditioning business Advanced Air is now offering a dry-steaming service to disinfect homes and businesses. “The pandemic locked everyone down, but made me fin...

An architectural firm has launched a new digital tool that will give clients personalised visual concepts of a renovation project. OBMI Bermuda said the e-Magine Design menu-based programme would also help them to connect with clients remotely throug...

RenaissanceRe is looking to raise about $1 billion in capital through a sale of shares. The Bermudian-based reinsurer announced an underwritten public offering of 5.5 million of its common shares on Tuesday. At the same time, US insurer State Farm M...

Shares of Argus Group Holdings Ltd slid 8 per cent in Bermuda Stock Exchange trading. The insurer fell 18 cents to close on $2.06 as 19,200 shares changed hands. Argus was the only stock to trade on the BSX. The Royal Gazette/BSX Index fell 3.6 point...

A new special purpose insurer has been launched in Bermuda by Hudson Structured Capital Management. Bumblebee Re is headquartered in Hamilton, and is designed to bring collateralised reinsurance cell-formation business in-house for HSCM Bermuda Manag...

Bermudian-based reinsurer Maiden Re has provided further support to insurtech and artificial intelligence start-up Betterview, which has raised an additional $7.5 million of investment. Betterview, a US company, has now secured investment capital tot...

Butterfield Bank has priced a $100 million registered debt offering. The bank said tonight that the 5.25 per cent fixed to floating subordinated notes, due 2030, was expected to close on or about June 11, 2020, subject to customary closing conditions...