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Arbitrade Ltd’s claim to have ‘title’ to more than $15 billion of gold bullion has been supported by a company that is acting as its precious metals procurement agent. A representative of Sion Trading FZE told The Royal Gazette: “I can’t speak on beh...

Insurtech investments rose to $1.3 billion in the third quarter, double the amount for the previous quarter, according to a report by Willis Towers Watson. While individual investment rounds were larger, the number of transactions reported declined 2...

Butterfield Bank shares rose 1.6 per cent in Bermuda Stock Exchange trading. The bank gained 50 cents to close on $31 as 2,603 shares changed hands. In New York, Butterfield’s US-listed shares also advanced, gaining 25 cents, or 0.8 per cent, to clos...

Axis Capital president Albert Benchimol has been appointed to the Lloyd’s of London council. He will be an external member from February 1. Mr Benchimol, is also chief executive officer of Bermudian-based Axis Capital Holdings Ltd, and has led the co...

Bermuda is leading the way in the insurance sector’s growing alternative capital market. The large insurance losses sustained as a result of hurricanes in 2017 resulted in more alternative capital being placed in the Bermuda insurance market. Comment...

The Royal Gazette/BSX Index closed unchanged on 1,939.5 after no shares were traded on the Bermuda Stock Exchange. Butterfield Bank’s US-listed shares traded on the New York Stock Exchange, falling four cents, or 0.13 per cent, to close the day on $3...

Insurers and reinsurers in Bermuda need to step up their cybersecurity defences and strategic planning. The Bermuda Monetary Authority has carried out an assessment of the level of technology risk that faces the island’s commercial insurance and rein...

Shares of Butterfield Bank were down 50 cents, or 1.64 per cent, at $30.03 on The New York Stock Exchange. Meanwhile, The Royal Gazette/BSX was unchanged at 1,939.5 points after no trades took place. The exchange closed early ahead of the holiday bre...

On the eve of new international requirements for companies to show economic substance in jurisdictions where they have a registered presence, Bermuda’s leading international insurers and reinsurers, have expressed continued support for the Bermuda Go...

Festive window displays created by shops and businesses in St George have been delighting customers and passers-by. The best of the bunch, in the eyes of the judges for the St George’s Window Display Contest, was Davison’s of Bermuda. A trophy and $3...