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LOM Financial Ltd’s 2015 earnings fell as brokerage revenues declined, but assets under administration rose helped by strong performance of its mutual funds. The Bermuda Stock Exchange-listed broker-dealer said net income last year was $141,528 or 2....

A day after releasing its first quarter results, which showed a profit of $26.8 million, shares of Butterfield Bank edged higher on The Royal Gazette/BSX Index. The bank’s shares rose two cents, or 1.2 per cent, to close at $1.66 after 31,500 were tr...

Grainne Richmond has been appointed the new president of the Bermuda Insurance Management Association (BIMA), following the group’s AGM this month. Ms Richmond takes over from Robert Paton, executive vice-president at Aon Risk Solutions, who has serv...

Hamilton Insurance Group along with American International Group and Two Sigma, plan to work together to create an insurance platform for small and medium-sized enterprises. The three companies are looking to become the leader in the sector in North ...

Aspen Re has appointed Hugo Cardona as managing director for Latin America and Caribbean. He will join Aspen next Monday. He was formerly with Odyssey Reinsurance Company, where he chief underwriting officer and senior vice-president, Latin America,...

Shares of HSBC Holdings improved by 50 cents, or 8.06 per cent, last week to close at $6.70 after 700 were traded, while BF&M shares lost five cents, or 0.3 per cent, to finish at $16.30 after 6,400 changed hands. The Royal Gazette/BSX Index closed a...

St George is to launch its first Marine Expo next month in a bid to boost visitor numbers to the Old Towne. The show will feature the latest in marine technology and also highlight the rich maritime history of the island. Ray Lambert, the economic de...

Insurer and reinsurer Axis is to move into the nursing home professional liability market. The company said that an ageing population meant the sector would increase in importance. Axis Healthcare, its specialist healthcare insurer, has hired two new...

Butterfield Bank’s profit for the first three months of the year was $26.8 million, down $1.2 million year-on-year. However, the bank’s core earnings — which strips out one-off items — were $36 million, an improvement of $7 million compared with the ...

Peter Stubbings has been named the new chief executive officer of the Bermuda office of reinsurance broker and risk adviser Guy Carpenter & Company. The appointment takes place with immediate effect, the firm announced today. In addition, Richard Kee...