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XL Group Ltd has been given approval to use a full internal model to calculate the company’s and its wholly owned subsidiary, XL Bermuda Ltd’s, respective enhanced capital requirements in substitution of the Bermuda Solvency Capital Requirement stand...

Hurricane Irma prevented about 50 delegates from attending the 13th Bermuda Captive Conference, but the event has been hailed a success after it brought more than 750 attendees to the Fairmont Southampton. The three-day event wrapped up yesterday eve...

A delegation from Bermuda is in London to promote the island’s shipping registries, meet with existing clients and network with potential future clients. Members of the Bermuda Shipping and Management Authority, the Bermuda Business Development Agenc...

The Bermuda International Long Term Insurers and Reinsurers has hired a public relations firm. Troncossi Public Relations has been taken on to raise Biltir’s public profile and to ensure the body “has a seat at the table when it comes to important b...

Digicel Bermuda’s chief executive officer Robin Seale will be leaving his position to return to Ireland. The telecommunications firm added that an announcement on his replacement would be made shortly. Mr Seale, who was promoted from chief financial ...

Butterfield Bank shares improved by 25 cents, or 0.8 per cent, to $33.25 on The Royal Gazette/BSX Index. A total of 100 of the banks shares were traded on the local exchange. No other stocks were traded. On the New York Stock Exchange the bank’s shar...

If the daytime temperature does not reach a target high between November and March, guests at the Fairmont Southampton will enjoy their hotel room for free that night. The hotel has launched a ‘Bermuda Shorts’ temperature guarantee as a fun and inn...

A Hamilton office building is up for sale with a price tag of $3.75 million. Dorchester House, home to professional-services firm PwC, is located at the intersection of Church Street and Trott Road. The five-floor building is listed by Mark Orchard R...

Constantine “Dinos” Iordanou, a veteran of the Bermuda insurance market, has been named as Insurance Leader of the Year 2017 by St John’s University’s School of Risk Management. The chairman and chief executive officer of Arch Capital will be honoure...

Corporate lawyer Michael Burns has been awarded the Fred Reiss Lifetime Achievement Award. He was honoured at the opening of the 13th Bermuda Captive Conference at the Fairmont Southampton. Mr Burns has played an important role in adding to Bermuda’s...