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Insurers will get an extra year to prepare for a new accounting standard. Implementation of IFRS [International Financial Reporting Standard] 17 is set to be put back to January 1, 2022, after a meeting of the International Accounting Standards Board...

The Royal Gazette/BSX Index closed unchanged on 2,377.25 on a day when no stocks traded. Butterfield Bank gained strongly in New York trading, with its US-listed shares gaining $1.07, or 2.74 per cent, to close on $40.13. Bermudian re/insurance compa...

Hamilton Insurance Group CEO, Pina Albo, is to take part in a fireside chat to discuss the Bermuda insurance market next week. Tuesday’s event, organised by the Bermuda Insurance Institute, is the latest in its ongoing Women’s Series which aims to id...

Claims relating to major storms drove PartnerRe Ltd to a net loss of $106 million for the third quarter. The Bermudian reinsurer said it had racked up $120 million in pre-tax losses from typhoons Jebi and Trami and Hurricane Florence. The net loss co...

Polaris Holding Company Ltd has made a six-month profit of $1.01 million, or 85 cents per share. That is down on the $1.15 million reported for the same period last year, when the economic stimulus associated with the island’s hosting of the America’...

Butterfield Trust has been named Trust Company of the Year, in the large firm category, at the STEP Private Client Awards in London. STEP is the Society of Trust and Estate Practitioners, and it is the worldwide professional association for those adv...

Roland “Andy” Burrows is taking over as chief executive officer of the Bermuda Business Development Agency. He takes up the position on December 1, six months after Ross Webber stepped down as CEO following a short spell on administrative leave. Mr W...

Bermuda Aviation Services Limited made a loss of $205,000 for the six months to the end of September, compared to a $228,000 loss for the same period a year ago. Its income from continuing operations was $63,000, an improvement on a loss of $476,000 ...

David Roache has joined Hamilton Re in the newly-created position of senior vice-president, head of risk XS. Mr Roache was previously with Hiscox Re. Kathleen Reardon, chief executive officer of Hamilton Re, said: “We’re delighted to welcome David to...

Shares of One Communications improved 20 cents, or 6.7 per cent, to $3.20 after 4,000 traded on The Royal Gazette/BSX Index. BF&M Ltd fell 35 cents, or 2.1 per cent, to $16.40 after 48,433 were exchanged, while Argus Group Holdings was down two cents...