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Bermudian-based reinsurer Everest Re Group Ltd’s second-quarter net income was $155.7 million, down from $209.1 million in the same period last year. However, earnings per diluted common share were $3.67, easily beating the $2.85 consensus forecast ...

Bermuda is officially home for the XL Group Ltd after it completed its redomestication to the island today, a move that was announced at the beginning of the year. The international insurer and reinsurer started operations in Bermuda in the mid-1980s...

Fundraising efforts by the BFIS Alumni Association over the past year have raised enough money to fund a scholarship worth $10,000. That scholarship has been was awarded to Zoe Wright at the Bermuda Foundation for Insurance Studies’ awards reception....

Butterfield Bank yesterday reported second-quarter profits of $29.8 million — up $6.5 million on the same period last year. The figures are equivalent to a 27.7 per cent increase in profit quarter on quarter and diluted earnings per share of 5 cents,...

The Royal Gazette/BSX Index closed up 4.50 points, or 0.37 per cent, at 1,206.88. The only share to trade was Bank of Butterfield, which was up 1 cent, or 0.6 per cent, to $1.66 after 2,000 shares moved. The BSX Insurance Index ended the day up 11.24...

Sixteen Bermuda Foundation for Insurance Studies interns made presentations to more 50 insurance professionals on what they learnt in their taste of the industry this summer. The four teams of university students experienced the insurance markets of ...

Dear Dave, My husband has his own one-man painting business, and I help him with the books. We were wondering how you know when it’s time to implement a price increase. Also, what should the increase be? LAUREN Dear Lauren, I grew up in the real-esta...

NEW YORK (Bloomberg) — Ironshore Inc, the insurer purchased by Chinese conglomerate Fosun International last year, has filed for an initial public offering in the US. The company filed with an initial offering size of $100 million, an amount used to ...

Island insurer BF&M will pick up the tab for the fire that tore through a Front Street store and offices in the early hours of yesterday. But the insurer declined to speculate on the likely cost of the blaze, which virtually destroyed the building, o...

Employment income in Bermuda increased by $9.4 million, or 1 per cent, during the first three months of the year. International business contributed the largest value increase of $3.9 million, reflecting higher salaries and bonuses. The business serv...