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Bermuda’s growing asset management industry has a great opportunity for further expansion — particularly in the areas of insurance-linked securities and private equity. That was the one of the takes from the EY Hedge Fund Symposium that took place in...

A donation of $1,500 to fund a scholarship for a young, Bermudian female to participate in advanced race training at a Bermuda sailing club, has been made by WiRe, the Women in Reinsurance professional group. The scholarship was funded on behalf of W...

Bermuda’s reinsurance sector has been stress-tested on its ability to withstand losses from a number of disaster scenarios — and it came through with flying colours. The Bermuda Monetary Authority, the island’s financial-services regulator, this week...

The California Earthquake Authority, through its Bermudian-based special purpose insurer Ursa Re Ltd, has issued a $500 million cat bond to cover earthquake risk in California. The Series 2016-1 Class A notes will run for three years and become due ...

Insurance firm BF&M rose 45 cents to $20.35 on The Royal Gazette/BSX Index. The move, equal to 2.3 per cent, came after 2,000 shares changed hands. Fellow insurer Argus Group dropped 20 cents, or 4 per cent, to $4.75 after 2,000 shares moved. The Ban...

WiseKey International Holding Ltd, a leading Swiss cybersecurity company whose Class B shares are listed on the SIX Swiss Exchange, announced today that it has entered into a Letter of Intent to acquire QuoVadis Holdings Ltd, a leading managed public...

Many traditional shipping names will disappear as a result of a shake-up in the container ship industry, brought about by overcapacity, slower global trade and a widened Panama Canal. That is the view of Jens Alers, group director of Bernhard Schulte...

Technology company Apollo Enterprise Solutions Ltd has celebrated its fourth anniversary of being listed on the Bermuda Stock Exchange. The company has its corporate office in Hamilton. It also has offices in Los Angeles, New York, London, Sydney and...

Bermuda attracted 160 delegates to the Latin American risk-management conference, Alarys Congress, in September. The event has been described as a major success for both the industry and the island. The attendees came from Argentina, Brazil, Colombia...

Butterfield Bank shares rose 55 cents, or 2 per cent, to $28.30 after 6,000 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, the bank’s shares also improved, rising $1.05, or 3.78 per cent, to $28.80 after 105,929 changed hands....