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The Bank of Butterfield rose 30 cents to $33 on The Royal Gazette/BSX Index. The 0.9 per cent move came after 16,067 shares traded. On the New York Stock Exchange the bank was also up, by 76 cents, or 2.34 per cent, to $32.27. The Royal Gazette/BSX I...

A target minimum broadband download speed of 50 megabits per second has been set by the Government. And a letter from Grant Gibbons, Minister of Economic Development, to the Regulatory Authority, said that a universal speed obligation could potential...

NEW YORK (Bloomberg) — American International Group Inc posted its fourth loss in six quarters, burnt again by higher-than-expected claims costs as chief executive officer Peter Hancock struggles to sustain profitability. The net loss widened to $3.0...

Hamilton Re, the Bermuda-based operations of Hamilton Insurance Group, today announced the launch of a contest for Bermuda high school students in support of Insurance Careers Month, the global initiative aimed at attracting young people to the insur...

Arch Capital Group made a profit of $62.4 million, or 50 cents per common share, in the fourth quarter. That improved on the $53.1 million it reported for the same period of 2015. The company’s after-tax operating income was $141.5 million, or $1.13 ...

Argo Group has reported a dip in profits for the fourth quarter and the full year. The Bermudian-based company’s net income for the quarter was $32.9 million, or $1.07 per common share, compared with $41.2 million for the same period in 2015. For the...

New cybersecurity regulations for financial institutions in New York have the potential to raise losses for insurers. That is the warning from Fitch Ratings ahead of the New York Department of Financial Service’s new rules, which become effective on ...

Bermuda restaurateurs’ hearts will be beating a little faster tonight — thanks to the patron saint of love. For St Valentine’s Day is expected to provide a boost for the trade, with a total expenditure for the day on the island in excess of $1.5 mill...

Arch Capital Group Ltd’s chairman yesterday rang the opening bell at the Nasdaq Stock Exchange in New York. Dinos Iordanou, who is also the Bermudian re/insurer’s chief executive officer, sounded the bell to resume trading at the exchange while surro...

Jay Nichols has resigned as chief executive officer of Axis Re “to take on new challenges”. He will remain with the Bermudian reinsurer in a “transitional role” until the end of March, the company announced today. Jan Ekberg, Axis Re Europe president...