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Some 75 students from the island’s public and private high schools gained a better understanding about the variety of careers available in the insurance industry at the sixth Bermuda Foundation for Insurance Studies speed networking event. Held over ...

Shares of Butterfield Bank plunged 7.1 per cent in Bermuda Stock Exchange trading. The bank dipped $2.75 to close on $36 on the trading of 1,900 shares. On the New York Exchange, Butterfield’s US-listed shares fell 82 cents, or 2.2 per cent, to close...

The new Inspire Café in Hamilton’s Bermudiana Arcade might be a breakfast lover’s paradise. Opening soon, it will offer an all-day cereal bar, plus breakfast foods like triple-stacked pancakes and omelettes, speciality hot chocolates and Ethiopian co...

Company co-founder Peter Mullen has rejoined alternative risk management solutions provider Artex as chief executive officer, replacing fellow cofounder David McManus who has assumed the new role of non-executive chairman. Mr Mullen, Mr McManus and J...

Constantine “Dinos” Iordanou is to step down as Arch Capital Group’s chairman in September and will be succeeded by vice-chairman John Pasquesi. Mr Iordanou is a well-known veteran of the Bermuda insurance industry, having led the Bermudian insurer a...

The Bermuda reinsurance market is about to take more flood risk off the shoulders of US taxpayers. The US Federal Emergency Management Agency is looking to transfer $300 million of risk from the National Flood Insurance Programme through its second B...

The Bermuda Economic Development Corporation has appointed two new directors, Jamillah Lodge and Raymond Lambert, to grow the organisation. Ms Lodge is the new director of communication and development and Mr Lambert is the new director of micro, sm...

Ascendant Group Ltd was the only stock to trade on the Bermuda Stock Exchange. The parent company of power utility Belco closed unchanged on $20 as 8,000 of its shares changed hands. The company has been reviewing strategic options including a potent...

Bermudian reinsurer RenaissanceRe Holdings Ltd has completed its acquisition of Tokio Millennium Re. The $1.5 billion cash-and-shares deal was first announced last October and the completion follows the receipt of all necessary regulatory approvals....

The Cayman Islands has failed to fully appreciate the risks of money laundering and terrorism financing and has a poor record on investigating and prosecuting financial crime. Those are two of the findings detailed in a report published this week...