Log In

Commercial insurers registered under the Insurance Act 1978 (the Act) are now required to establish and maintain a head office in Bermuda in accordance with changes to the Act that came into effect on January 1, 2016. This requirement means that th...

Endurance Specialty Holdings Ltd’s fourth-quarter profit soared by nearly 20 per cent as the insurer and reinsurer benefited from its expanding underwriting platform. The company, headquartered in Waterloo House on Pitts Bay Road, said net income was...

The Regulatory Authority of Bermuda is inviting comments on the proposed acquisition of control of CellOne and KeyTech by US telecommunications company Atlantic Tele-Network (ATN). Interested parties who wish to submit comments and observations on th...

The Royal Gazette/BSX Index today closed up 5.88 points (0.48 per cent) at 1,224.59. The sole mover of the day was insurance firm Argus, which climbed 30 cents (8.3 per cent) to $3.90, after 5,000 shares traded. The BSX Insurance Index ended the day ...

A furious customer yesterday blasted Butterfield Bank for introducing new charges “by stealth”. The bank, from the start of this year, introduced a new “statement imaging fee” of $2 a month for online personal customers and a fee for “account monitor...

Bermuda reinsurer PartnerRe Ltd said last night that it expects that it expected to write around $2.5 billion of premium in this year’s January 1 treaty renewal season amid “further erosion of prices”. On a constant foreign exchange basis, this repr...

NEW YORK (Bloomberg) — Lazard Ltd, the investment bank domiciled in Bermuda, said fourth-quarter profit fell 8.1 per cent as currency fluctuations and market turmoil pushed asset-management and financial-advisory revenue lower. Earnings beat analysts...

RenaissanceRe Holdings Ltd made a profit of $92.2 million in the fourth quarter, bringing the total net income available to common shareholders for the year to $408.8 million. Year-on-year the quarterly figure was down from $170.8 million, and the fu...

Insurance and reinsurance company Axis Capital Holdings yesterday posted profits of $135 million for the final quarter of last year. The figure was down $29 million on the same time period in 2014. For the full year, the firm made a profit of $602 mi...

A major sector of the banking industry in the Caymans could be wiped out by tough regulations designed to fight money-laundering. The number of Class B banks registered with the islands’ regulator has fallen by 14 to 184 over the last year alone. Cla...