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Underwriting income rises 39 per cent, with continued growth in the company’s insurance business

Butterfield Bank closed at $44.34 on the New York Stock Exchange on Wednesday, up $2.32 or 5.52 per cent

The country’s insurance penetration is low, less than 5 per cent, with limited insured property

The financial strength and long-term issuer credit ratings are moved up from A- to A

International insurers and reinsurers are collectively the largest private-sector employers in Bermuda

The bank tops Wall Street forecasts with lower deposit costs and higher banking and foreign exchange fees

The FII9 conference is a global gathering of policymakers, investors and innovators, known as “Davos in the Desert”

The BSX Index finished at 2,760.72 today, down 16.79 (0.60 per cent)

A higher combined ratio and net unfavourable reserve development impact the reinsurer’s results

The insurer’s quarterly net income grows owing to strong underwriting discipline as cat losses ease