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Shares of Butterfield Bank gained 0.7 per cent in Bermuda Stock Exchange trading. The bank, the only stock to trade on the BSX, added 25 cents to close on $36.25 as 2,500 shares changed hands. Butterfield’s US-listed shares climbed 12 cents, or 0.33 ...

American International Group has formed AIG Re to consolidate the company’s global reinsurance operations. The new global business will be led by chief executive officer Christopher Schaper, who will be based in Bermuda, AIG said. The businesses to b...

NEW YORK – Lloyd’s of London Ltd is meeting with major US insurers about driving more business through its global insurance market, chief executive officer John Neal said yesterday. The 330-year-old insurance market, which launched its most recent mo...

The Duke of Edinburgh Bermuda organisation has been chosen as beneficiary of the annual gala fundraising event to be held by the 100 Women in Finance networking group of professionals working in the finance industry. The 100WF group will host the Ber...

Facebook is to launch a global cryptocurrency next year, and it has been greeted as a positive for Bermuda’s own ambitions in the digital asset and fintech space. The new currency is called Libra, and its structure resembles that of Ven, the world’s ...

Bermudian-based Essent Group has expanded its collateralised mortgage reinsurance protection with a $333.84 million insurance-linked securities issuance. The company’s subsidiary, Essent Guaranty, made the issuance through its Bermudian special purpo...

Insurance industry veteran Scott Cobon is the new managing director, Bermuda, for Bermudian-based insurance managers, Artex Risk Solutions. Mr Cobon moves into the position formerly occupied by Rob Eastham, who is taking on the new role of executive ...

Ken Randall has stepped down as group chief executive officer of Bermudian-based Randall & Quilter Investment Holdings. The London Stock Exchange-listed non-life legacy insurance investor said Mr Randall would continue to work with the company in the...

Bermudian-based Argo Group International Holdings Ltd has adopted a new system that enables managing general agencies, wholesalers and independent brokers to submit, quote and bind risks seamlessly, without paper or error. Avyst’s bidirectional form...

When Nathan Amaral began working with photographers Mark and Ally Tatem in January, he did so with the expectation that an entrepreneurial opportunity might develop. Knowing that the professionals behind Two & Quarter Photography were open to selling...