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Stephen Catlin has warned that the re/insurance industry is in a much tougher market than industry executives will admit. Many carriers will be “cashflow negative” by the end of next year, he predicted during the Rendezvous reinsurance industry netwo...

BF&M Ltd shares fell 70 cents, or 4 per cent, to $16.80 after 500 traded on The Royal Gazette/BSX Index. Also finishing lower was Somers Limited, down 25 cents, or 1.5 per cent, at $16.25 after 1,500 changed hands. Butterfield Bank shares were up 30 ...

Three staff members have been made redundant at Ascendant Group following the outsourcing of its marketing and communications department to design and marketing company Cosmic Limited. A further two vacant positions at Ascendant have also been axed. ...

Hurricane Florence will be an earnings rather than a capital event for the reinsurance industry, according to ratings agency S&P Global Ratings. Meteorologists today forecast that the Category 2 storm would make landfall in North and South Carolina t...

An annual event to raise awareness of the need for diversity and inclusion in the workforce will this year also kick-start a campaign calling for action. The Dive In Festival, a re/insurance industry initiative, will take place in Bermuda and numerou...

Twelve people are to lose their jobs at Markel Bermuda in the insurer’s accounting and finance department. A source said that 11 of the staff to be let go are Bermudians. Employees were informed of the news late yesterday afternoon. A Markel spokesma...

Digicel has been named as the fastest mobile network in Bermuda after analysis by Ookla. Using data from customer-initiated speedtests this year, Ookla measured Digicel’s service as having an average speed score of 25.38 Mbps, compared to One Communi...

A women’s leadership conference this month is to examine the effect new technologies have on the workforce. The fourth Women’s Leadership Conference will also examine diversity in business leadership and branding. This year’s theme is “It’s the Age...

Butterfield Bank shares fell by 50 cents, or 1 per cent, to $50.70 after 5,063 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, the bank’s shares were down 36 cents, or 0.7 per cent, at $51.33. The Royal Gazette/BSX Index was d...

French insurance giant Axa has completed its $15.3 billion acquisition of XL Group, a deal that was announced in March. As a consequence XL’s shares were delisted from the New York Stock Exchange and the Bermuda Stock Exchange before the start of tra...