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Biopharmaceutical firm Sellas has appointed financial management veteran Bill Pollett as its chief financial officer. Sellas, which develops immunotherapeutic products to treat a variety of cancers, said they were pleased to attract a CFO with Mr Pol...

Enstar Group Ltd and its investment partners have launched a new Bermudian reinsurer with capital of $620 million. KaylaRe will offer “a diversified range of specialty reinsurance to the global insurance market”, according to a statement from Enstar ...

Things are looking for up for Argus Group, according to AM Best. The rating agency has improved its outlook from stable to positive for the insurer and pension provider, while affirming its financial strength rating at B++. Best analysed Argus’s oper...

Telecommunications group KeyTech Ltd posted an $8 million operating profit in its latest six-month earnings results, as revenue shot up by nearly a third. The company attributed the improvement to its transaction with US firm ATN International, which...

A former economist with the Bank of England has been made group chief operating officer at insurer and reinsurer Aspen Insurance Holdings. Richard Thornton will add the newly-created role to the job of group head of strategy, but will give up his rol...

Shares in telecoms firm KeyTech jumped by nearly a half on The Royal Gazette/BSX Index today. The firm’s shares went up 95 cents, or 47.5 per cent, to $2.95 after 8,000 shares traded. The Bank of Butterfield also went up — 50 cents, or 1.7 per cent, ...

Husband-and-wife team Peter Lapsley and Andrea Sundt will tomorrow launch a new store — with a stunning array of designer takes on everyday items. The couple are to open &Partners, in the former Otto Wurtz storage area at the bottom of Par la Ville R...

London insurance insiders yesterday admitted that the City lagged far behind Bermuda in its bid to carve out a slice of the lucrative insurance-linked securities business. Draft UK regulations on ILS were issued last month, and the Prudential Regulat...

NEW YORK (Bloomberg) — The US Supreme Court turned away an appeal by Maurice “Hank” Greenberg, refusing to derail a fraud lawsuit by New York state against the former American International Group chairman. Three months after a trial in the case began...

HSBC Bermuda has decided to leave its lending rates unchanged in the wake of the US Federal Reserve’s rate hike yesterday. The bank’s announcement means that monthly repayments and terms for variable-rate loans and mortgages will not change for HSBC ...