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Bermudian run-off specialist Armour is to launch a new reinsurer after raising up to $500 million in equity commitments from an investor group led by New York private-equity firm Aquiline Capital Partners. The new reinsurance company Armour Group Ltd...

“Utility tokens” is set to be a buzzphrase in Bermuda in 2018 as the island increases its presence in the world of digital assets and blockchain technology. With the Bermuda Government stating its intention to embrace new technologies and opportuniti...

Bermudian life reinsurer Athene Holding Ltd is spinning off Ager Bermuda Holding Ltd, the holding company of its European operations. Ager’s main subsidiary is Athene Lebensversicherung, based in Wiesbaden, Germany, and it specialises in life run-off...

The board of telecoms group One Communications Ltd has authorised the repurchase of up to two million of its own shares. The Bermuda Stock Exchange-listed company said the move would continue its current buyback programme until December 31, 2018. The...

It was a quiet last trading week of 2017 for the Bermuda Stock Exchange, with Argus Group Holdings Ltd the only mover. Argus fell 10 cents, or 2.5 per cent, to close on $3.85, on the trading of 2,200 shares during a week shortened to three days for t...

Shares of Argus Group improved by 10 cents, or 2.6 per cent, to $3.95 after 5,000 traded on The Royal Gazette/BSX Index. BF&M Limited lost ground, closing 25 cents lower, of 1.4 per cent, at $17 after 3,800 shares were exchanged. Also falling was Asc...

One Communications said today its internet service is fully operational again after a slowing in speeds over the new year’s holiday caused by severe weather in the US. In a statement today, One said intermittent degradation of speeds that began o...

Do you ever feel like you’re in a chronic cash crunch? That can put a real damper on your days, and take the hope and expectation out of a new year. But if money tops your list of new year’s resolutions, you’re in luck! Research shows you’re on the r...

Sagicor is planning to establish a reinsurance operation in Bermuda, according to an International Monetary Fund report on Barbados. The financial-services giant moved its holding company to Bermuda last year, but continues to be operated from Barbad...

Seven years ago, the US led an effort to address a problem facing governments everywhere. Each year, people manage to avoid paying an estimated $2.5 trillion in income tax — a giant sum that could be used to combat poverty, update infrastructure or l...