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HSBC Holdings was the only stock to trade on The Royal Gazette/BSX Index. The bank’s shares improved by five cents, or 0.52 per cent, to $9.50 after 10,000 traded. On the New York Stock Exchange, Butterfield Bank shares were down 23 cents, or 0.69 pe...

Wind-related insurance losses from Hurricane Harvey are unlikely to exceed $6 billion and could end up being below $1 billion in some scenarios, risk-modelling firm RMS said on Friday. The hurricane made landfall in Texas over the weekend as a Catego...

One Communications Ltd was the big winner on the Bermuda Stock Exchange in last week’s trading. The telecommunications group’s share price surged 64 cents, or more than 30 per cent, to $2.75, as 19,031 shares changed hands. The only other stock to ad...

LONDON (Reuters) — Axis Capital Holdings Ltd’s increased takeover offer for Lloyd’s of London insurer Novae Group came after a shareholder revolt. Bermudian-based insurer and reinsurer Axis announced it had increased its bid for Novae to £477.6 milli...

The founder of Chicago-based insurance coverage firm BatesCarey LLP who represented several Bermuda insurers over three decades, has died. Scott Carey was described among his peers as an industry trailblazer in the area of transportation and rail law...

Shares of BF&M Ltd improved 40 cents, or 1.9 per cent, to $21 after 1,000 traded on The Royal Gazette/BSX Index. Also improving were shares of Butterfield Bank which rose 50 cents, or 1.6 per cent, to $32.50 after 4,070 changed hands. Argus Group was...

If the events of recent weeks (or years) have you asking yourself, “What is wrong with these people?” — the answer is: not very much. They simply suffer from a small but crucial error in the way their brains create models of the world around them. Th...

Novae has decided to close its US direct and facultative re/insurance operations in Bermuda. The news came as Bermudian insurance and reinsurance group Axis Capital increased its offer to buy Novae. Novae, a London-based carrier, confirmed the unit’...

A blockchain-sector company is in the process of incorporating in Bermuda. The technology enterprise is likely to have some staff based on the island to run back-office functions. It will build blockchain applications for the financial industry, and ...

Equator Re, QBE Insurance Group Ltd’s captive reinsurer, hosted 25 reinsurance interns at the Blu Bar and Grill in Warwick. This summer networking event was for interns to discuss careers in reinsurance and what to expect for the future. Equator Re, ...