Log In

John Berger is stepping down as chief executive officer of Bermudian reinsurer Third Point Re at the end of this month, the company announced. He will remain with the company as chairman of the board and the Underwriting Committee. He will be replace...

Reinsurance firm PartnerRe has reported a net loss of $191 million for the last quarter of 2016. The figure compares to a $162 million net income for the same period last year. Operating earnings for the period totalled $125 million, compared to $184...

Bermuda’s Ironshore has boosted its insurance capacity for terrorism and sabotage coverage to $400 million. The increase is $25 million up on the previous $375 million available to clients. Quentin Prebble, director of Pembroke Managing Agency Limite...

Women in Reinsurance is hosting a salary negotiation seminar next week to help industry professionals learn strategies and techniques to assist them in negotiating their compensation packages. The lunchtime presentation will be led by Sylvia Jones, d...

Veteran charter boat operator Leon Raynor lost his flagship Sally Bum Bum in the double whammy hit by hurricanes Fay and Gonzalo in 2014. But now he’s launched a bigger replacement — a 55-foot yacht called the Big Bum Bum with a capacity of 48 passen...

Island craftsman Jon Faulkner is to go back to his roots with a new venture in Dockyard. Mr Faulkner, who has worked in pottery for around 30 years, is opening the Jon Faulkner Gallery in the Bermuda Clayworks building. He said: “Bermuda Clayworks wi...

RenaissanceRe has increased its dividend for the 22nd consecutive year. The Bermudian reinsurer announced that its board had decided to raise the quarterly payout to 32 cents per share from 31 cents. The next dividend will be paid on March 31 to shar...

XL Group’s chief financial officer, Peter Porrino, is to retire at the end of April, although he will continue to work part-time as an adviser to group CEO Mike McGavick. He will be succeeded by Stephen Robb, group controller. Mr McGavick said: “Pers...

The Bank of Butterfield dropped 60 cents to $32 on The Royal Gazette/BSX Index today. The 1.8 per cent fall came after 276 shares traded. On the New York Stock Exchange, the bank dropped 52 cents, or 1.58 per cent, to $32.51. Insurance firm Argus was...

Butterfield Bank’s biggest shareholder, The Carlyle Group, is a step closer to exiting its position with the bank. A public secondary offering of common shares in the bank, including an additional offering to the underwriters, includes all 7.6 millio...