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Bermuda’s insurance-linked securities market has added another feather to its cap with a “first of its kind” $100 million issuance backing a US insurer of municipal bonds. Fidus Re Ltd, a Bermudian special purpose insurer, will use the proceeds from ...

Bringing a touch of North Africa to Bermuda is the aim for the owners of a Moroccan-themed market in Hamilton. Marrakech Market was launched earlier this month by Faisal Baia — originally from the Moroccan city of Marrakesh — along with Bermudian, Ju...

Shares of Butterfield Bank gained strongly in Bermuda Stock Exchange trading to lead The Royal Gazette/BSX Index to a 1 per cent gain for the week. Butterfield surged $1.30, or 2.9 per cent, to close the day on $46 as 2,201 shares changed hands. The ...

It is all change at The Terrace on Front Street, which is boasting a new look and menu after being renamed and remodelled. The business, at 55 Front Street, was formerly known as Red Steakhouse and Bar. It is now being run solely by Douglas Olson, an...

Axis Re has named former American International Group executive Megan Thomas as its chief underwriting officer. Ms Thomas will be based in New York in her new role with the reinsurance division of Bermudian-based Axis Capital Holdings Ltd. She will r...

Bermudian-domiciled Athora Holding Ltd announced that it will acquire Belgian insurer Generali Belgium SA in a deal worth €€540 million ($668 million). Generali Belgium is today the eleventh largest insurer in Belgium and is the Belgium-based subsidi...

Technology giant Softbank Group has corrected four years of tax filings after Japanese authorities uncovered hundreds of millions of dollars of undeclared earnings in two Bermuda subsidiaries. The Bermuda entities were set up by two Softbank subsidia...

AM Best has affirmed the ratings of Bermudian-based life insurer and annuities provider Athene Holdings. Athene’s financial strength rating remains at A and its long-term issuer credit rating at “a”. The outlook of Athene and its operating subsidiari...

Bermuda’s vibrant business platform can present many opportunities for individuals to become a director of a Bermuda company. Doing so can be a rewarding experience and, in addition to remunerative benefits, can provide corporate and leadership exper...

Butterfield Bank shares rose 1.1 per cent in Bermuda Stock Exchange trading. The bank gained 50 cents to close on $44.70 as 7,500 shares changed hands. Butterfield’s US-listed shares registered gains in New York trading as well, climbing 60 cents, or...