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“Bermuda’s Very Own” app is about to relaunch with additional services. One new feature is Signal, a smart mobile advertising tool using proximity marketing. Ivan Outerbridge, creator of the app said Signal allows information about business services...

A start-up company in Hamilton that is building a licensed fiat and cryptocurrency exchange and bank is being headed by two executives with backgrounds that include banking and securities. Quantex Ltd is led by Canadian-based Manie Eagar and John Wil...

Bermudian insurance industry veteran Catherine Duffy is to join American International Group’s General Insurance business as country manager of Bermuda. In this role, Ms Duffy will oversee AIG’s insurance operations and strategy in Bermuda, reporting...

Lancashire Holdings Limited has announced two promotions to fill the roles performed by Sylvain Perrier, who will switch to a constancy position in the new year. Mr Perrier has been with Lancashire since it was formed, as group chief actuary from 200...

Bermudian-based Oil Insurance Ltd, a mutual insurer for the energy industry, has had its financial strength rating raised to A from A- by Standard and Poor’s Global Ratings. S&P also raised Oil’s issue-level rating to BBB+ from BBB. The outlook is st...

Everest Specialty Underwriters Financial Lines group has added three cyberliability team members. Raphael DaCosta, Melissa Bell, and Jenna Belous have joined the team which is led by Kevin Sherry, vice-president and cyber practice leader. The cyber ...

Jeffrey Elkinson, a director in Conyers Dill & Pearman’s Litigation and Restructuring department, has been asked to lead an international arbitration course for 24 judges and lawyers from around the world, to be held at Queen’s College, Oxford from S...

The $15.3 billion acquisition deal between French insurance giant Axa and XL Group is expected to close tomorrow. Yesterday, Axa announced it had obtained all regulatory approvals required to complete the proposed acquisition, which was announced in ...

Shares of Butterfield Bank were up 20 cents, or 0.4 per cent, at $51.20 after 2,120 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, Butterfield’s shares were up 17 cents, or 0.33 per cent, at $51.69. Meanwhile, on the local exc...

One Communications made a profit of $7.2 million, or 18 cents per share, during the first six months of the year. That compares with $8 million, or 17 cents per share, for the same period a year ago. For the first half of the year the telecommunicati...