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Third Point Re has announced a leadership reshuffle, which will see Daniel Malloy take over as chief executive officer of the company’s reinsurance unit. The Bermudian-based company, which is backed by Third Point, a US hedge fund led by Dan Loeb, s...

The annual inflation rate dipped to 1.8 per cent in June, down from 2.4 per cent the month before. The main driver in the increased cost of living was the fuel and power sector, which climbed 11.2 per cent from the year before. This increase was mai...

Somers Ltd and Watlington Waterworks Ltd fell in light Bermuda Stock Exchange trading today. Somers, the financial-services holding company that owns Bermuda Commercial Bank, fell 25 cents, or 1.9 per cent, to close the day on $13, as 2,100 shares ch...

The annual inflation rate dipped to 1.8 per cent in June, down from 2.4 per cent the month before. The main driver in the increased cost of living was the fuel and power sector, which climbed 11.2 per cent from the year before. This increase was mai...

A new conference in Bermuda focused on reinsurance innovation and insurtech will have Hamilton Insurance Group as its lead sponsor. The event will be focused on disruptive technology and its effect on the evolution of the insurance and reinsurance ma...

Maiden Holdings Ltd made a loss of $22.4 million, or $0.26 per common share, for the second quarter. That compared to a $30.9 million profit for the same period of 2016. Art Raschbaum, chief executive officer of the Bermudian-based company, said: “...

Bermudian-domiciled Nordic American Tankers made a $15.9 million loss in the second quarter as charter rates for its oil-transporting ships were pressured by a growing global tanker fleet. The company is also considering diversifying its capital stru...

Life has changed for Mark and Mariam Boothe since they discovered essential oils four years ago, and now they are running their own essential oils enterprise and sharing their knowledge. They order essential oils from quality sources and mix them to ...

A new report co-published by Axis Insurance, a business segment of Bermudian-based Axis Capital Holdings Ltd, examines challenges and opportunities in the $19 billion global energy storage market. It specifically looks at the fast-growing battery sto...

Argus Group Holdings Ltd fell 2.4 per cent in Bermuda Stock Exchange trading today. The insurer and pension provider dipped 10 cents to close on $4.10 as 23,900 shares changed hands. With Argus the only stock trading, The Royal Gazette/BSX Index clos...