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Shares of HSBC Holdings Ltd fell 20 cents, or 2.39 per cent, to $8.15 after 200 traded on The Royal Gazette/BSX Index. There was also an exchange of 2,000 shares of Ascendant Group Limited, and 3,999 shares of One Communications Ltd but with no chang...

The Bermuda Monetary Authority has released a draft code of practice for digital asset custody for consultation that prescribes measures to ensure a high level of care when safeguarding client’s assets. The consultation period is for one month. The ...

A potentially $1 billion reinsurance company has been unveiled by RenaissanceRe Holdings Ltd and major pension fund manager PGGM, of the Netherlands. The new company is called Vermeer Reinsurance Ltd has approval in principle to be licensed and regul...

Bermuda’s electricity sector will soon be guided by service standards set by the Regulatory Authority. A draft general determination and order for service standards is open for public consultation, and the Authority invites interested parties to comm...

Bermudian-domiciled high-end hotel operator Belmond Ltd is to be bought out by French luxury giant LVMH in a deal worth $2.6 billion. Belmond’s shares surged by nearly 40 per cent in New York Stock Exchange trading on Friday after the news was annou...

Without effective regulation of medical-services providers and moves to cover the sizeable minority who have no health insurance, healthcare costs are likely to keep spiralling. That is the view of executives at BF&M Ltd, a major health insurer on th...

Axis Capital Holdings’ credit ratings outlook has been upgraded by Standard and Poor’s Global Ratings to stable from negative. The ratings agency also affirmed the Bermudian insurer and reinsurer’s A+ financial strength rating and A- long-term issuer...

Catalina Holdings (Bermuda) Ltd has agreed to acquire a $2 billion run-off portfolio of employers’ liability policies from Zurich Insurance. The Bermudian-based run-off specialist was boosted by a $700 million capital raise in October that increase...

Financial services investment holding company Somers Limited has made a full-year profit of $4.2 million, or 21 cents per share, which is down on the $19.4 million it reported in 2017. The end-of-year results were affected by a $13.6 million net loss...

Hiscox has named Bob Thaker as its new UK chief executive officer, effective March 2019, subject to regulatory approval. The Bermudian-based insurer and reinsurer said Mr Thaker had worked at Hiscox since 2010 and held a number of senior roles during...