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Shares of Butterfield Bank were down nine cents, or 0.24 per cent to $37.50 on The New York Stock Exchange. There were no trades on The Royal Gazette/BSX Index, which closed unchanged at 2,199.35. The BSX Insurance Index was down 0.2 of a point, or 0...

The Regulatory Authority of Bermuda has issued a notice requesting the Bermuda Electric Light Company Limited submit an Integrated Resource Plan proposal to the Authority by February 15, 2018. Belco was issued with a Transmission, Distribution and R...

Willis Towers Watson and JLT Specialty Bermuda are jointly promoting the 14th annual Bermuda Railway Trek, which raises money to support insurance-related studies for young Bermudians. The walk will take place on, November 30 from Somerset Bridge to ...

A Bermudian-based firm has led a $15 million investment round in an online personal lines insurance agency in the US. Hudson Structured Capital Management Ltd, which does business as HSCM Bermuda and which invests in reinsurance and insurance-linked ...

Bermuda’s tourism sector has gained significant traction during the past three years, lifting the island above its Caribbean peers as measured by a number of performance indicators. This shows that the island’s marketing model and endeavours aimed at...

Since a leap of faith led her to start her own business two years ago, interior decorator Kimberly Hughes has seen success — and learnt from great designers. Ms Hughes, owner of Designs For Living, gained meaningful insight into her craft when she at...

Those who expect the reinsurance industry to “shrug off” this year’s heavy catastrophe losses as new capital pours in from the sidelines have got it wrong. So says Bronek Masojada, chief executive officer of Bermudian-based Hiscox, who said that many...

A decision by the US House of Representatives’ decision to reauthorise the National Flood Insurance Programme has been welcomed by the Risk Management Society. Rims has also urged the US Senate to do likewise before the programme’s expiration on Dece...

Alternative capital lost roughly the same amount as traditional reinsurers from a series of third-quarter catastrophes. That is the view of ratings agency AM Best, whose own surveys indicate that reinsurers are facing net catastrophe losses totalling...

Bermudian reinsurer PartnerRe Ltd today reported a third-quarter net loss of $84 million, driven by $472 million in pre-tax catastrophe losses. The company, which is owned by Italian investment firm Exor, benefited from $187 million of favourable res...