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A successful seminar that included a talk on cybersecurity and the US regulatory environment is to be followed up by a series of “lunch and learn” sessions. Oyster Consulting (Bermuda) Ltd, which last week ran a regulatory compliance workshop to disc...

Profits at Bermudian-based Assured Guaranty plummeted by more than $150 million in the second quarter compared to the same period last year. The firm yesterday posted net income of $146 million, down $151 million year-on-year. The latest profit figur...

Insurance and reinsurance giant XL Catlin has joined forces with international academics and computer experts to better track hurricane forecasts and the evolution of major storms. A new website, set up with the Barcelona Supercomputing Centre and Co...

The Bank of Butterfield rose three cents, or 1.8 per cent, on The Royal Gazette/BSX Index to close at $1.68. The move came after 29,502 shares changed hands. Utilities firm Ascendant Group was unchanged at $5.45 after 200 shares sold. The Royal Gazet...

Butterfield Bank has filed for a proposed initial public offering of up to $100 million to place its ordinary voting shares on the New York Stock Exchange. It is to ask shareholders to vote on the proposal, which calls for a ten-for-one reverse share...

Modernisation of Bermuda’s corporate law has been welcomed by business chiefs. A total of nine bills relating to the island’s international business sector have been passed by the House of Assembly in little more than a year. And Ross Webber, chief e...

NEW YORK (Bloomberg) — American International Group said it will buy back $3 billion of stock after second-quarter profit climbed 6.3 per cent, helped by asset sales. The insurer climbed in extended trading in New York. Net income advanced to $1.91 b...

A top IT consultant from London is to be the keynote speaker at a conference in Bermuda on cybersecurity. Darren Wray, chief executive officer of IT firm Fifth Step, will feature at the Secure Bermuda 2016 conference, to be held next Wednesday. Mr Wr...

Bermudian-based global insurer and reinsurer Argo Group International Holdings has announced profits of $30.9 million for the second quarter. The net income figure was up $3 million on the $27.9 million for the same period last year. This quarter’s p...

A Bermudian student has won a scholarship worth up to $90,000 to study law in England. Mariangela Bucci is this year’s winner of the annual scholarship, sponsored by law firm Conyers Dill & Pearman. The scholarship is worth $30,000 a year for a maxim...