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Ascendant Group Ltd shares worth more than $145,000 changed hands on the Bermuda Stock Exchange. The parent company of power utility Belco closed unchanged on $16.75 as 8,682 shares changed hands. The Royal Gazette/BSX Index closed unchanged on 2,047...

Bill Wharton has been promoted to head of Argo Insurance Bermuda. Bermudian-based global specialty (re)insurer Argo Group International Holdings said the appointment is effective immediately and follows former leader Nigel Mortimer’s move to a new ro...

MS Amlin has appointed Chris Hayward to the newly created role of chief underwriting officer, Bermuda. Mr Hayward joined MS Amlin in 2015 and led the North American property team in Bermuda. Before joining MS Amlin, he spent 24 years at Willis Re wo...

OM Juicery has expanded its range and is now offering organic vegan food dishes from its Elliot Street premises. It marks another milestone for the business that was a home-based enterprise only three years ago. Preston James Ephraim, the owner, is s...

Digital asset services firm Bittreo plans to move its operations to Bermuda, according to David Burt’s Twitter account. The company was founded in 2017 in Canada and was originally known as Vancouver Bitcoin, a retail cryptocurrency brokerage. Bittre...

Bermudian-based Randall & Quilter Investment Holdings has completed deals allowing a self-insurer and a captive to exit workers’ compensation liabilities. The first transaction involves an R&Q carrier Accredited Surety and Casualty Company assuming t...

One Communications Ltd was the one stock to trade on the Bermuda Stock Exchange. The telecommunications group remained unchanged on $3 as 930 shares changed hands. The Royal Gazette/BSX Index closed unchanged on 2,047.87. The BSX Insurance Index gain...

The Caribbean Catastrophe Risk Insurance Facility, of which Bermuda is a member, has expanded to 21 countries with Panama the newest participant. The Central American country has purchased parametric insurance cover for excess rainfall. It is the fou...

Climate change is having a growing impact on insurers’ bottom lines. That is the view of German reinsurance giant Munich Re, which highlights an increasing incidence of costly forest fires as a symptom of global warming. In its global catastrophe rep...

Bermudian reinsurers are renowned for providing protection for when the wind blows — but Nephila Capital has struck a deal to provide coverage for when the wind does not blow at all. Nephila, the world’s largest manager of insurance-linked securities...