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Somers Ltd, the financial-services investment holding company that owns Bermuda Commercial Bank, said yesterday that it repurchased 600 of its own shares during December. The average cost was $14.50 per share, the company said in a filing with the Be...

Axis Capital Holdings Ltd has received authorisation from Lloyd’s for Axis Managing Agency Ltd to commence management and oversight of Novae Syndicate 2007 and SPS 6129. Axis bought Novae Group last year for $611.4 million. The authorisation became ...

Shares of Butterfield Bank were 85 cents, or 2.25 per cent higher at $38.70 on The New York Stock Exchange. There were no trades on The royal Gazette/BSX Index, which was unchanged at 2,184.79. The BSX Insurance Index was up 7.53 points, or 0.42 per ...

Bermudian-based Fidelis Insurance has promoted Richard Coulson to the position of chief underwriting officer of its London-based subsidiary Fidelis Underwriting Ltd. He takes up this role with immediate effect and will report to Daniel Burrows, chie...

Moura & Associates has formed a partnership with one of the world’s largest real estate agency’s Keller Williams. The move is set to bring greater global reach and improved technology and training for the island-based agency, which started in 2003. T...

The Bermuda Stock Exchange has reinforced its position as the global leader and listing venue of preference for issuers of insurance-linked Securities, according to a year-end review. Greg Wojciechowski, chief executive officer of the BSX said: “In 2...

XL Catlin’s insurance operations has announced the appointment of Todd Wilhelm as regional product leader, Energy, Property and Construction for Asia Pacific. He will be responsible for growing the energy, property and construction book and leading ...

Turning passion into a business has become a reality for a Bermudian entrepreneur. Having moved to the United States at the age of 12, Jonathan Outerbridge found himself less fortunate than his other peers, which led him to become self sufficient at ...

Shares of Butterfield Bank improved by 25 cents, or 0.7 per cent, to $37.25 after 206 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange the bank’s shares were up 35 cents, or 0.93 per cent, at $37.85. Meanwhile, on the local excha...

MS Amlin has set up a new Bermudian-domiciled sidecar with more than $60 million of capital backing. The global re/insurer with offices in Bermuda, the UK and continental Europe, said the new special purpose insurer, Viribus Re Ltd, would provide col...