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Bermudian-based Axa XL has announced that Chris McKeown has stepped down from his role as vice-chairman of New Ocean Capital Management Ltd. Mr McKeown, formerly the chief executive officer of New Ocean, is to “pursue other interests”, the company sa...

Butterfield Bank shares gained 4.4 per cent in Bermuda Stock Exchange trading. The bank added $1.50 to close on $35.50 as 376 shares changed hands. Butterfield’s US-listed shares also gained ground on the New York Stock Exchange, climbing 83 cents, o...

Ascendant Group is officially seeking a buyer after the company’s board invited a group of prospective new owners to make takeover offers. The news came yesterday afternoon in a statement from Ascendant. In January, the parent company of power utilit...

NEW YORK (Bloomberg) — Steven Kandarian, MetLife’s outgoing chief executive officer, delivered a note of caution to regulators: keep a close eye on some of the new players in the life insurance industry. “The regulators have to look very hard at the ...

Allied World’s Bermuda office hosted 22 top students from St John’s University, New York. Annually, the School of Risk Management of St John’s University’s Peter J. Tobin College of Business offers its top students the opportunity to learn by travell...

Bermudians love to give each other nicknames. When Peter Sousa worked in a local hardware store, a co-worker dubbed him “Pete Moss”. “He would say, ‘a rolling stone gathers no moss’,” said the 23-year-old. Mr Sousa didn’t completely understand the lo...

Jennifer Minors has been promoted to senior vice-president, product line leader in Axa XL’s Bermuda professional lines insurance business. Ms Minors is now responsible for managing directors’ and officers’, professional liability, employment practice...

Shares of Polaris Holding Company jumped 40 per cent in light trading on the Bermuda Stock Exchange. The company, which owns Hamilton docks operator Stevedoring Services, gained $2 to close on $7 as 1,000 shares changed hands. Polaris acquired East E...

For budding entrepreneurs, a good idea is only the start. To be successful, they must also be able to execute the idea. “You can have the best idea in the world, but if an entrepreneur is not able to execute on it, then it’s like having a Formula One...

Bermudian-based Oil Casualty Insurance Ltd has reported a net loss for the 2018 fiscal year of $39 million, breaking a string of seven consecutive years of net profits. The mutual insurer of shareholders in the energy industry said the loss was princ...