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Six people have lost their jobs in XL Catlin’s Bermuda reinsurance operations after their positions were made redundant. Responding yesterday to questions from The Royal Gazette, the company stated: “It is standard for global organisations like XL Ca...

An offering totalling up to $350 million of senior notes has been launched by a subsidiary of Axis Capital Holdings Limited. The US dollar-denominated, ten-year, senior, unsecured notes from Axis Speciality Finance Plc are fully and unconditionally g...

Chubb Ltd has entered into a ten-year strategic co-operation agreement with China’s largest property and casualty insurance company. In a statement, Chubb said the agreement would allow the leveraging of Chubb’s global capabilities in support of PICC...

CCS Group Limited has added cybersecurity governance consulting to its services. In a statement, the Bermudian-based company said this type of service is typically offered by specialty or accountancy firms., adding: “Although these firms conduct the...

Some of Bermuda’s successful entrepreneurs have been celebrated at the Small Business Awards. Mark Prior, owner of Bermuda Combat Club, was named entrepreneur of the year at the event, which was hosted by the Bermuda Economic Development Corporation ...

Markel Catco Investment Management Ltd has raised $543 million of new capital from a share offering. The successful raise follows last month’s raising of $1.8 billion by the Bermudian-based company, which offers collateralised reinsurance products an...

Shares of Butterfield Bank rose 1.4 per cent in Bermuda Stock Exchange trading. The bank was the lone stock to trade and closed 50 cents higher at $37.50 on the trading of 779 shares. In New York, Butterfield’s shares surged 74 cents, or 1.93 per cen...

At times they have been perched high on utility poles, or down manholes dealing with cabling in underground conduits. And in many locations they worked at the roadside to meticulously splice fine strands of glass-fibre cable. The past 11 months have ...

A Somerset home goods store is marking its fifth anniversary by adding electric bikes to its offerings. Jody Place, owner of Exim Home Goods, on East Shore Road, Sandys. said: “Exim stands for export and import, we import everything that has to do wi...

Bitcoin surged past $9,000 for the first time, less than a week after topping $8,000 and taking its year-to-date rise to more than 850 per cent. The price of the largest cryptocurrency by market value is soaring as it gains greater mainstream attenti...