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Catastrophe losses from mudslides in California impacted first quarter income for Chubb Ltd. The company has reported a profit of $1.08 billion, or $2.30 per share, for the first three months of the year. That is $11 million lower than the net income...

John “Jack” Kuhn has been appointed to the new role of chief underwriting officer for Sompo International’s property and casualty business. The Bermudian-based company said Mr Kuhn would also continue to hold the post of chief executive officer, glob...

Bermudian-based Sompo International Holdings Ltd is to open a new subsidiary in Luxembourg as a Brexit-proof platform for growth in Europe. The insurer and reinsurer said today it had received regulatory approvals from Luxembourg’s Ministry of Financ...

Bermudian insurer and reinsurer Argo Group International Holdings Ltd is to transfer its share listing to the New York Stock Exchange from the Nasdaq Global Select Market. The listing of Argo Group’s 6.5 per cent senior notes will follow suit, the co...

Butterfield Bank’s first-quarter net income rose nearly 10 per cent year over year, as the bank earned more in net interest income and spent less on salaries. Net income for the first three months of the year was $44.2 million, up from $40.3 million ...

Ascendant Group Ltd’s financial performance improved on the back of strong growth in its unregulated businesses. The company said today that core earnings for 2017 were $18.8 million, up nearly $5 million, or 43 per cent, on 2016. Core earnings broke...

Bacardi Ltd has been named among the most reputable companies in the world for the sixth consecutive year. The global alcoholic beverages giant, whose headquarters is on Pitts Bay Road, ranked 89th in the annual Global RepTrak 100 list compiled by th...

Oleander Cycles, one of Bermuda’s top moped rental agencies, has bought out the Suzuki Cycles store, which is a division of JNT Ltd, located on Victoria Street. Oleander has eight locations and has been around for decades. Gregory Bluck, the company...

Habits. We all have heard the saying “you cannot teach an old dog new tricks!” This is a way of saying that we cannot change our habits. Our habits are one way that we bring a rhythm to our lives through repetition. So many things we seem to do auto...

Somerset Reinsurance Ltd has appointed Josh Braverman as chief investment officer and a member of the company’s executive leadership team. Mr Braverman, who will be based in Bermuda, has overall responsibility for all of the company’s asset managem...