Log In

New cybersecurity regulations for financial institutions in New York have the potential to raise losses for insurers. That is the warning from Fitch Ratings ahead of the New York Department of Financial Service’s new rules, which become effective on ...

Bermuda restaurateurs’ hearts will be beating a little faster tonight — thanks to the patron saint of love. For St Valentine’s Day is expected to provide a boost for the trade, with a total expenditure for the day on the island in excess of $1.5 mill...

Arch Capital Group Ltd’s chairman yesterday rang the opening bell at the Nasdaq Stock Exchange in New York. Dinos Iordanou, who is also the Bermudian re/insurer’s chief executive officer, sounded the bell to resume trading at the exchange while surro...

Jay Nichols has resigned as chief executive officer of Axis Re “to take on new challenges”. He will remain with the Bermudian reinsurer in a “transitional role” until the end of March, the company announced today. Jan Ekberg, Axis Re Europe president...

Bermudian-based re/insurer Hiscox’s credit ratings have been affirmed by AM Best. The company, based in offices on Wessex House in Reid Street, maintains an A financial strength rating from Best for its operating units. “The rating affirmations of Hi...

Telecoms company KeyTech has changed its name to One Communications Limited, effective from today. The change was announced in a statement by the Bermuda Stock Exchange, and reflects the recent rebranding of all services provided by KeyTech’s main op...

The Association of Bermuda Insurers and Reinsurers has appointed RenaissanceRe lawyer Stephen Weinstein as head of its policy committee. Leila Madeiros, senior vice-president, deputy director and corporate secretary of Abir, said: “Steve has been a d...

Falls in the share prices of Butterfield Bank and BF&M Ltd sent The Royal Gazette/BSX Index 1.24 per cent lower in last week’s trading. Butterfield has had a strong rally since its New York Stock Exchange initial public offering at a target price of...

The second St George’s Marine Expo will be bigger and better as it rides the crest of an America’s Cup wave, organisers promised yesterday. Ray Lambert, the Bermuda Economic Development Corporation’s development officer for St George, said: “We have...

NEW YORK (Bloomberg) — Maurice “Hank” Greenberg, the former American International Group chief executive officer, lambasted the New York State attorney-general’s office after admitting that he approved two reinsurance deals that regulators have calle...