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Reinsurance firm Everest yesterday reported after tax operating income of $273.2 million for the third quarter of this year. The figure is equivalent to $6.53 per common share and compared to operating income of $200.2 million or $4.53 per share for ...

The key to riding out a soft market in reinsurance is profitable growth, a top executive at Bermuda-based Qatar Re argues. And Luke Roden, head of ceded reinsurance and global head of catastrophe at Qatar Re, which redomiciled to Bermuda less than a ...

Inflation dropped to 1.3 per cent in August, down 0.3 per cent on the previous month. The consumer price index also decreased from July to August, nudging lower by 0.5 per cent. The all-items index dropped to 101.7, which means a basket of goods that...

Butterfield Bank has reported net income of $24 million in the third-quarter, down $4.8 million year-on-year. However, its core earnings improved to $33.4 million, up $4.1 million. The bank has announced an interim dividend of 10 cents per common sha...

Bank of Butterfield shares today rose on both the Bermuda Stock Exchange and the New York Stock Exchange ahead of its third-quarter earnings release last night. In Bermuda, the bank rose 10 cents to $25.15, equal to 0.4 per cent, after 14,216 shares ...

Regional economic and investment headwinds, together with softening trading conditions have impacted the performance of Qatar Insurance company during the first nine months of this year, but not enough to stop it boosting its profit for the period by...

Vehicles without the human touch could pose a future risk to the insurance industry, a legal expert in the field has warned. Richard Geddes said that pilotless drones, driverless cars and risks from cyber attacks on the technology that runs automated...

Argus Group Holdings, West Hamilton Holdings and KeyTech Ltd all saw their stock prices suffer substantial falls after a Bermuda Stock Exchange trading week with a multimillion-dollar turnover. Argus suffered the largest slump, sinking 59 cents, or 1...

Travellers from Bermuda who want to visit Havana will soon be able to choose from three US airlines that fly connections to the Cuban capital. Last month, American Airlines, JetBlue and Delta Air Lines, were among a group of carriers cleared by the U...

Hundreds of fund managers and investors will descend on the Fairmont Southampton this week for the third holding of the Global Fund Forum. The event brings together those who manage money and those who are looking to get a return from their capital f...