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Bermudian-based re/insurer Hiscox’s credit ratings have been affirmed by AM Best. The company, based in offices on Wessex House in Reid Street, maintains an A financial strength rating from Best for its operating units. “The rating affirmations of Hi...

Telecoms company KeyTech has changed its name to One Communications Limited, effective from today. The change was announced in a statement by the Bermuda Stock Exchange, and reflects the recent rebranding of all services provided by KeyTech’s main op...

The Association of Bermuda Insurers and Reinsurers has appointed RenaissanceRe lawyer Stephen Weinstein as head of its policy committee. Leila Madeiros, senior vice-president, deputy director and corporate secretary of Abir, said: “Steve has been a d...

Falls in the share prices of Butterfield Bank and BF&M Ltd sent The Royal Gazette/BSX Index 1.24 per cent lower in last week’s trading. Butterfield has had a strong rally since its New York Stock Exchange initial public offering at a target price of...

The second St George’s Marine Expo will be bigger and better as it rides the crest of an America’s Cup wave, organisers promised yesterday. Ray Lambert, the Bermuda Economic Development Corporation’s development officer for St George, said: “We have...

NEW YORK (Bloomberg) — Maurice “Hank” Greenberg, the former American International Group chief executive officer, lambasted the New York State attorney-general’s office after admitting that he approved two reinsurance deals that regulators have calle...

Former AlphaCat executive Nick Pritchard has joined reinsurance firm Neon as head of property reinsurance. Mr Pritchard will be based in Neon’s Bermuda office and will look after the growth of its property reinsurance operations in the Bermuda and Lo...

Bermuda industry experts will hit Chicago and Boston next month in a bid to drum up captive insurance business. The executive forum on Bermuda captive insurance solutions will will visit Chicago on Tuesday, March 7 and Boston on Thursday, March 9 to ...

Bermuda welcomed 13 new captive insurance companies in 2016, the island’s financial regulator announced today. The Bermuda Monetary Authority said most of the new operations originated in the US, but two of them hailed from South and Central America....

Butterfield Bank plans to hold a registered public secondary offering of up to $100 million worth of its common shares. The bank will not receive any of the proceeds of the sale as the offering is from a group of major shareholders. In a primary pro...