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A court case in America could open the floodgates for the US Justice Department to demand access to US computer data stored overseas. But internet giant Microsoft is fighting in a Manhattan court to overturn a search warrant demanding Microsoft relea...

A total of 84,925 shares worth $294,995 traded on the Bermuda Stock Exchange (BSX) last week. During the four-day trading week, shortened for the Labour Day holiday, the Bank of Butterfield saw 62,625 shares move, leaving its price two cents (1.1 per...

Bermuda-based ILS Capital is to open a new office in London next month. The company has also appointed Teresa Gallant as the new chief financial officer and Glenn Clinton, who will head up US property catastrophe underwriting. ILS capital founder and...

Tokio Millennium Re’s Bermuda operations will be led by Kathleen Faries from the start of next year. The news came with the announcement that the firm had set up a new Capital Solutions unit, based on the Island. Edwin Jordan will lead the new unit a...

Insurance group BF&M yesterday posted profits of $11.4 million for the first six months of the year. The figure is more than $6 million down on the same period last year. But BF&M president and CEO John Wight said: “Financial results in the first hal...

A total of 10,810 shares, worth nearly $20,058, traded on The Royal Gazette/BSX Index. The Bank of Butterfield closed the day one cent up (0.6 per cent) at $1.80, after 10,510 of its shares were traded. Insurance firm Argus fell 20 cents (5 per cent)...

Insurer Amlin has been placed under review by rating agency AM Best in the wake of this week’s announced agreement to be acquired by Japan’s Mitsui Sumitomo Insurance Company in a $5.3 billion deal. Amlin operates in the Lloyd’s of London market and ...

The owners of the cargo ship Bermuda Islander yesterday said that their service would be unaffected by next month’s America’s Cup races. The Bermuda Islander is due to arrive in Hamilton on Thursday, October 15 — when the inaugural races take place, ...

Fosun International Ltd, which agreed a $1.84 billion deal to buy Bermuda-based insurer Ironshore earlier this year, aims to build up funds for more acquisitions. The Shanghai-based investment firm, backed by Chinese billionaire Guo Guangchang, propo...