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Shares of Ascendant Group Ltd fell 9.1 per cent in Bermuda Stock Exchange trading. The parent company of power utility Belco fell $2 to close on $20 as 1,087 shares traded. Ascendant announced this week that it has suspended its share repurchase prog...

A British subsidiary of Bermudian re/insurer Arch Capital has completed the acquisition of UK managing general agency Axiom Underwriting. Arch Insurance (UK) Ltd had initially acquired a 60 per cent share of Axiom in 2015. The terms of the deal for t...

Jessica Merz has been appointed Bacardí Ltd’s director of global external corporate communications. Based in Coral Gables, Florida she will be responsible for the management, development and execution of the company’s narrative across traditional me...

Bermudian-based Sompo International Holdings Ltd has announced the promotion of Christopher Gallagher to the newly created role of chief executive officer of the company’s commercial property and casualty business. Mr Gallagher, who will assume the n...

Appleby Global Listing Services (Bermuda) Ltd has joined the BSX as a listing sponsor, with immediate effect. Greg Wojciechowski, the BSX’s chief executive officer, said: “AGS joins a growing group of companies that have identified a commercial oppor...

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...