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Rubis Energy Bermuda is buying Bermuda Gas in a $17.7 million deal. Almost a year after Bermuda Gas exited its retail appliances business, the company is set to change hands. There will be no job losses. Rubis is the island’s leading importer of prop...

NEW YORK (Bloomberg) — Aspen Insurance Holdings Ltd hired senior underwriting managers for a new Dubai reinsurance operation as the company seeks expansion in the Middle East and Africa. Peter Thompson, formerly of Assicurazioni Generali SpA, was ass...

Wind. How do you take advantage of the wind at your back. We all know that a tailwind can drive an airplane forward faster than if it is fighting a headwind. That is what sometimes gets us to our destination faster. What is the tailwind that you use ...

Shares of shipwreck hunting and deep-ocean exploration company Odyssey Marine Exploration sank faster than a badly-holed galleon yesterday, dropping almost 60 per cent from their Friday closing price. However, David Saul, the former premier who is a ...

Alternative reinsurance capital increased by 12 per cent last year, a rate far ahead of traditional reinsurance capital. The upward trend has taken the alternative capital total to $72 billion at the end of 2015. That’s up $6 billion year-on-year. Si...

Bermudian lawyer Duncan Card has been recognised as a top ranking specialist in telecoms, media and technology by a prestigious listing. Mr Card — the only Bermudian lawyer included — was singled out by the international Who’s Who Legal as a world le...

The Royal Gazette/BSX Index today closed down 5.9 points, or 0.5 per cent, at 1,170.74. The Bank of Butterfield was down 1 cent, or 0.6 per cent, at $1.64 after 60,235 shares sold. Telecoms firm KeyTech fell 11 cents, or 3 per cent, to $3.50 after 4,...

Lorraine Seib has been appointed global head of excess casualty at Aspen Insurance. She was previously president of global excess casualty insurance at XL Catlin, and has more than 35 years of experience in the sector. Ms Seib will be based in New Yo...

Bermuda’s delegation of government, industry and regulatory officials are today showcasing the island at the Risk and Insurance Management Society conference and exhibition in San Diego, California. During the first full day several insurance industr...

Insurance firm BF&M today reported earnings of $23.9 million for last year, up by $2.1 million on 2014. The 2015 figure resulted in a return on shareholders’ equity of 9.6 per cent. Gross premiums written for the year were $336.1 million, a decrease ...