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Novae has decided to close its US direct and facultative re/insurance operations in Bermuda. The news came as Bermudian insurance and reinsurance group Axis Capital increased its offer to buy Novae. Novae, a London-based carrier, confirmed the unit’...

A blockchain-sector company is in the process of incorporating in Bermuda. The technology enterprise is likely to have some staff based on the island to run back-office functions. It will build blockchain applications for the financial industry, and ...

Equator Re, QBE Insurance Group Ltd’s captive reinsurer, hosted 25 reinsurance interns at the Blu Bar and Grill in Warwick. This summer networking event was for interns to discuss careers in reinsurance and what to expect for the future. Equator Re, ...

AM Best has affirmed the A- financial strength rating of Oil Casualty Insurance Ltd with a stable outlook. Ocil is a Bermudian-based mutual, providing coverage primarily to its shareholders from the energy industry, but writing some third-party busin...

Victoria Stephens is the Marshall Diel & Myers Ltd Legal Scholarship Award recipient for 2017. The law firm announced that Ms Stephens will receive $15,000 to assist with the cost of pursuing her legal studies. William Finnerty will also receive a...

The Canadian construction company building Bermuda’s new airport terminal is planning to put itself up for sale. Aecon Group said yesterday that it had hired advisers from Toronto-Dominion Bank and Bank of Montreal to explore a potential sale of the ...

No shares traded on the Bermuda Stock Exchange today as The Royal Gazette/BSX Index remained on 1,959.48. Butterfield Bank’s New York Stock Exchange-listed shares rose 3 cents to end the week at $33.43.

The role insurance-linked securities can play in the protection and redistribution of cybersecurity risk will be among topics discussed at the ILS Bermuda Convergence 2017 event in October. One of the guest speakers is Rick Welsh, chief executive off...

A technology store has expanded and is now providing customers with more than they bargained for. The Hub on Middle Road, Warwick, has been around for more than a decade and has been recognised for friendly customer service and competitive prices. Ga...

Shares of One Communications Ltd slipped 4 cents in Bermuda Stock Exchange trading today. The telecoms group, which was the only domestic-board stock to trade, closed the day at $2.75 after the 1.4 per cent fall, as 6,031 of its shares changed hands....