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Former AlphaCat executive Nick Pritchard has joined reinsurance firm Neon as head of property reinsurance. Mr Pritchard will be based in Neon’s Bermuda office and will look after the growth of its property reinsurance operations in the Bermuda and Lo...

Bermuda industry experts will hit Chicago and Boston next month in a bid to drum up captive insurance business. The executive forum on Bermuda captive insurance solutions will will visit Chicago on Tuesday, March 7 and Boston on Thursday, March 9 to ...

Bermuda welcomed 13 new captive insurance companies in 2016, the island’s financial regulator announced today. The Bermuda Monetary Authority said most of the new operations originated in the US, but two of them hailed from South and Central America....

Butterfield Bank plans to hold a registered public secondary offering of up to $100 million worth of its common shares. The bank will not receive any of the proceeds of the sale as the offering is from a group of major shareholders. In a primary pro...

Bank of Butterfield has reported profits of $115.9 million for last year — up $38.2 million on the $77.7 million recorded the year before. Net income per share was $1.18, down 5 cents on the previous year. After removing the effects of noncore items,...

Bermuda Chamber of Commerce president John Wight says he supports a broadening of the Bermuda Government’s tax base in the interests of the island’s fiscal stability. His comments came as the Chamber published a detailed “wish list” for the upcoming ...

Butterfield Bank fell sharply on low volume in Bermuda Stock Exchange trading today. The bank’s shares dipped $1, or 3.1 per cent, to close on $31 as 100 shares changed hands on the day Butterfield announced a $115.9 million profit for 2016. Butterf...

Dear Dave, I’m 29, and I have no debt. I’ve gotten a good start on my savings and retirement, too. My girlfriend and I plan to get married in the next couple of years, and she has about $90,000 in debt. I’m not paying on her debt yet, but I think tog...

Arch Capital’s top executive accused some in the insurance industry of “cheating” with reserves. Dinos Iordanou, chairman and chief executive officer of the Bermudian insurer and reinsurer, warned of “noise” in apparently strong balanced sheets among...

Aspen Insurance Holdings Ltd made an operating loss of $7.4 million, or 34 cents per share, in the fourth quarter, partly as a result of a repositioning of its insurance segment. For the year, the Bermudian-based re/insurer’s net income was $203.4 m...