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Shares of Butterfield Bank gained more than 3 per cent in Bermuda Stock Exchange trading today to send the local index higher. Butterfield closed on $33, up $1 or 3.1 per cent, as 3,732 shares changed hands. The bank’s New York Stock Exchange-listed ...

London could lay claim to Bermuda’s mantle as the global hub for insurance-linked securities, according to a reinsurance expert. Des Potter, of global risk advisor Guy Carpenter, said the new regulatory framework due to be introduced by the UK capita...

Cyber-risk has topped a list of concerns for reinsurers in a new report from professional-services firm PwC. Uncharted Waters: tackling reinsurers’ riskiest exposures, released yesterday at the Reinsurance Rendezvous in Monte Carlo, is based on a re...

Hurricanes Harvey and Irma are more likely to be earnings events than capital events, according to reinsurance industry experts, as insured losses from Irma appear to be lower than had been feared. Irma ripped through Florida on Sunday causing widesp...

HSCM Bermuda, a two-year-old firm that invests in insurance-linked assets, has formed an investing partnership with a Lloyd’s managing agency Sciemus. As part of the new partnership, Sciemus will be renamed Argon Underwriting, subject to regulatory a...

Bermuda is the preferred jurisdiction for the world’s captive insurance industry, and that is no accident. Delegates at the 13th Bermuda Captive Conference were told that it has taken hard work, a collaborative approach and a history of innovation to...

Feel Good Studio is marking its first anniversary and has found a niche market in pregnant women seeking a low-impact workout. The toning and rejuvenating centre, on Front Street opposite the ferry terminal, offers the Powertone Pilates System by Sha...

The Fairmont Southampton is offering a ‘Bermuda Shorts’ temperature guarantee, offering guests a free night whenever the day’s high does not reach a certain level. The offer will apply from November through March next year. The free night will apply...

Mike McGavick will be a keynote speaker at the Bermuda Convergence 2017, organisers ILS Bermuda Ltd announced today. The chief executive officer of Bermudian-based insurer and reinsurer XL Catlin will feature at an event expected to attract more than...

Butterfield Bank was the only stock that traded on The Royal Gazette/BSX Index. A total of 416 shares changed hands, with no change to the closing price of $32. On the New York Stock Exchange the bank’s shares rose 64 cents to $33.45. The Royal Gazet...