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Bermuda had foreign portfolio holdings of more than half-a-trillion dollars last year, predominantly through its financial services sector. At $505.6 billion, that was down 2 per cent on 2014. The decrease was attributed to a decline in the assets of...

Bermudian-based Endurance Specialty Holdings Ltd has, through Endurance US Insurance, introduced a new excess casualty product for commercial transportation clients, distributed through a limited network of wholesale brokers specialising in the trans...

Butterfield Bank shares fell by 30 cents to $28, after 1,315 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange the bank’s shares were unchanged at $28.73 after 44,265 traded. Shares of BF&M, Ascendant Group and KeyTech were traded...

Bermuda’s growing asset management industry has a great opportunity for further expansion — particularly in the areas of insurance-linked securities and private equity. That was the one of the takes from the EY Hedge Fund Symposium that took place in...

A donation of $1,500 to fund a scholarship for a young, Bermudian female to participate in advanced race training at a Bermuda sailing club, has been made by WiRe, the Women in Reinsurance professional group. The scholarship was funded on behalf of W...

Bermuda’s reinsurance sector has been stress-tested on its ability to withstand losses from a number of disaster scenarios — and it came through with flying colours. The Bermuda Monetary Authority, the island’s financial-services regulator, this week...

The California Earthquake Authority, through its Bermudian-based special purpose insurer Ursa Re Ltd, has issued a $500 million cat bond to cover earthquake risk in California. The Series 2016-1 Class A notes will run for three years and become due ...

Insurance firm BF&M rose 45 cents to $20.35 on The Royal Gazette/BSX Index. The move, equal to 2.3 per cent, came after 2,000 shares changed hands. Fellow insurer Argus Group dropped 20 cents, or 4 per cent, to $4.75 after 2,000 shares moved. The Ban...

WiseKey International Holding Ltd, a leading Swiss cybersecurity company whose Class B shares are listed on the SIX Swiss Exchange, announced today that it has entered into a Letter of Intent to acquire QuoVadis Holdings Ltd, a leading managed public...

Many traditional shipping names will disappear as a result of a shake-up in the container ship industry, brought about by overcapacity, slower global trade and a widened Panama Canal. That is the view of Jens Alers, group director of Bernhard Schulte...