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A multiyear spell of pricing pressure continues to drag on the insurance and reinsurance sector, but it has not stopped XL Catlin from finding “lots” of pockets of opportunity. The Bermudian-based company is benefiting from broadening its product off...

Coral Beach and Tennis Club has hired a new rooms director. Marcus Jones, who has years of experience in the industry, took up the post after working as tour director for MJ’s Island Tours. Mr Jones said: “I am excited to be joining Coral Beach & Ten...

Liberty Mutual Insurance has completed its acquisition of Ironshore Inc, and announced an expansion of the Ironshore brand in the US. There are no announced changes to Ironshore’s operations in Bermuda as a result of the $3 billion deal. Liberty Mutu...

Income from employment dropped by a total of $1.7 million in the final quarter of last year, according to the latest Government statistics. International business, hit by lower bonuses and fewer stock options awarded, recorded the biggest decline, a ...

Bermuda’s first electric microcars were yesterday unveiled at the Hamilton Princess. The hotel will be the first on the island to offer its guests the French two-seater Renault Twizy as an alternative to the traditional scooter. A total of 25 cars wi...

Bank of Butterfield shares were up $1 to $33.50 on The Royal Gazette/BSX Index. The move, equal to 3.1 per cent, came after 18,003 shares changed hands. On the New York Stock Exchange, the bank lost 4 cents, or 0.12 per cent, to $33.93. Insurance com...

Bermuda’s Hiscox Re has taken on a new director of underwriting. Adam Szakmary, former CEO of Sompo-owned Blue Capital Management, will join Hiscox Insurance Co., replacing Damien Smith, who will become head of specialty for Hiscox Re in London after...

The Royal Gazette/BSX Index closed above 2,000 on Friday after recording an improvement of 74.44 points, or 3.71 per cent, for the week, to stand at 2,004.46. Shares of Butterfield Bank rose $1.50, or 4.8 per cent, to close at $32.50 after 13,841 tra...

More than 1,000 people descended on St George for the annual Marine Expo, organisers said. Ray Lambert, development officer at the Bermuda Economic Development Corporation, said the number of vendors represented jumped from 54 at last year’s inaugura...

Many companies now view their digital assets as more valuable than buildings and other infrastructure, according to Giles Harlow, a cybersecurity expert. But the vice-president of professional risk solutions at Aon Bermuda, added that a recent survey...