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Shares of Butterfield Bank were down 60 cents, or 1.25 per cent, at $47.37 on the New York Stock Exchange. Meanwhile, there was no activity on The Royal Gazette/BSX Index, which closed unchanged at 2,729.84. The BSX Insurance Index was up 9.8 points,...

Kathleen Bibbings has been appointed president of the Bermuda Insurance Management Association. She takes over from Grainne Richmond who has completed her two-year term. Ms Richmond said: “Kathleen is a very well respected, knowledgeable and well kno...

Four months after stepping into a leadership position vacated by one of the insurance industry’s giants, Pina Albo has spoken about the road ahead for Hamilton Insurance Group. Technology and a multigenerational outlook are important considerations f...

Shares of BF&M Ltd improved by six cents, or 0.4 per cent, to $17.16 after 300 traded on The Royal Gazette/BSX Index. HSBC Holdings were up 35 cents, or 3.66 per cent, at $9.90, after 3,900 shares were exchanged, while 5,900 shares of Argus Group Hol...

Belco has just completed electric vehicle training for its fleet team as it moves towards a 100 per cent electric fleet. The five-day training was carried out by Craig Van Batenburg of Massachusetts-based Automotive Career Development Centre. Jas...

XL Group Ltd common shareholders have approved an agreement for Axa, the French multinational insurance company, to fully acquire XL in a $15.3 billion deal. XL shareholders will receive $57.60 per share in the transaction, which is expected to be c...

Anna Pereira and Mark Lavery have taken up senior vice-president appointments at Horseshoe Group. Ms Pereira is head of treasury, while Mr Lavery is head of marketing and communications. Both are Bermudian and will be based out of Horseshoe’s Bermuda...

Rosewood Bermuda is holding a grand reopening and roof-wetting ceremony on Friday to mark the completion of $25 million of renovations. The resort on Tucker’s Point Drive, Hamilton Parish, closed in January to allow the work to be done. It had a soft...

When the new airport terminal opens in the summer of 2020, there will be more than 9,500 sq ft of retail space, split between the airside and landside of the building. The first stage of the process to find store and concession operators for ten reta...

Donnacha Smyth is returning to XL Catlin after a two-year stint with Aspen Insurance. XL Catlin insurance operations has appointed Mr Smyth as president, Global Excess Casualty Insurance. He will take up the position in September. He worked for XL Ca...