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Butterfield Bank spent more than $8.25 million buying back its own shares during December. The bank revealed the buybacks in a filing with the Bermuda Stock Exchange. Butterfield said it repurchased 254,212 shares for treasury at an average price of ...

Andrew Dicob has joined Axa XL’s excess casualty insurance team as leader for the US North Eastern Region. Based in New York and reporting to Donnacha Smyth, president, Global Excess Casualty, Mr Dicob will work with brokers and clients throughout t...

Butterfield Bank shares improved by $1, or 3.1 per cent, to $33 after 751 traded on The Royal Gazette/BSX Index. In New York, the bank’s shares were up 46 cents, or 1.4 per cent, at $33.43. On the local exchange there was trading of 4,658 shares of A...

Kroll Bond Rating Agency has affirmed its insurance financial strength rating of AA+ for Assured Guaranty Municipal Corporation, and assigned its subsidiary Assured Guaranty (Europe) a AA+ insurance financial strength rating, both with stable outlook...

Sarah Demerling has joined Walkers Bermuda as a partner in the law firm’s corporate, finance and funds group. Ms Demerling is the third lawyer to join Walkers Bermuda in the past three months. With more than 17 years’ experience in the financial ser...

Everest Re Group Ltd’s president and chief executive officer, Dominic Addesso, will retire at the end of the year. As a result, the company’s board of directors is undertaking a search as part of its succession planning process which will include a r...

Albert Benchimol has been elected as chairman of the Association of Bermuda Insurers and Reinsurers. The Axis Capital chief executive officer will act as the insurance industry body’s figurehead for 2019 and 2020, after Abir’s biennial election of n...

Bermuda dipped into a technical recession in the first three months of last year, revised figures show. The last time the island recorded two consecutive negative growth quarters — generally referred to as a technical recession — was 2014 when there ...

Clarien Bank has appointed chief executive officer Ian Truran to the bank’s board of directors. Mr Truran has led the bank since May 2010, when he was named CEO of Capital G Bank, before the rebranding as Clarien. Patrick Hylton, chairman of Clarien ...

Butterfield Bank shares were up 50 cents, or 1.6 per cent, at $32 after 200 traded on The Royal Gazette/BSX Index. In New York, the bank’s shares were up 35 cents, or 1.07 per cent, at $32.97. On the local exchange a total of 4,220 shares of Ascendan...