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Allied World Assurance Company has reported third-quarter net income of $68.6 million. The firm made a loss of $51.6 million in the same period last year. Operating income for the quarter totalled $55.2 million for the quarter compared to $51.1 milli...

Bermudian-based Aspen Insurance has snapped up a Puerto Rico specialist marine insurer. The move to acquire Blue Waters Insurers is designed to support the continued expansion of Aspen’s global marine business by opening up new markets in Puerto Rico...

The top man at professional services firm EY Bermuda is to stand down after 37 years with the company. Pete Cangany, senior partner at EY, will be replaced next summer by David Brown, most recently insurance leader for the southwest region of the US....

Argo Group International Holdings has announced net income of $55.2 million for the third-quarter — up nearly $21 million on the same period in 2015. The figure is equivalent to $1.80 per common share, compared to $1.13 a year ago. Operating income f...

Insurance firm BF&M’s shares rose $1.94 to $19.99 on The Royal Gazette/BSX Index. The increase, equal to 10.7 per cent, came after 100 shares traded. Fellow insurer Argus Group was up 12 cents, or 2.7 per cent, to $4.50 after 400 shares moved. Utilit...

The City of London and Bermuda should work together to grow the insurance-linked securities market, an expert said. Steve Evans, who owns the respected specialist online magazine Artemis, said that accusations by Inga Beale, the CEO of Lloyd’s of Lon...

Shares of Argus Group were the biggest gainer on The Royal Gazette/BSX Index last week. The stock ended the week at $4.38, up 37 cents, or 9.2 per cent, after 41,200 were traded. Also improving were shares of Butterfield Bank, which edged up to $25.1...

Asset management professionals considering where next to seek investment yield and growth were pointed towards water at the Global Fund Forum in Bermuda. And not only through obvious investment routes, such as a stake in water utility companies, but ...

Bermuda is being represented at the Society of Trust and Estate Practioners Asia conference in Hong Kong, by Keith Robinson of Appleby Bermuda. Mr Robinson is a partner in the firm, and is also chairman of STEP Bermuda. At the conference, which takes...

Paint firm Devonshire Industries today rose 25 cents to $5.75 in Bermuda Stock Exchange trading. The 4.5 per cent rise came after 200 shares traded. Butter field Bank was unchanged at $25.10, while on the New York Stock Exchange, the bank’s shares ro...