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Financial services investment Somers last month bought 3,700 of its own shares for cancellation. The firm, which owns the Bermuda Commercial Bank, said it paid an average price of $13 a share.

Insured losses from the explosions at Tianjin Port, in China, could be as high as $3.3 billion, making it one of the Asia’s biggest insured man-made loss events. A report by Guy Carpenter & Co estimates the potential insured losses to be between $1.6...

A total of 4,900 shares worth $32,860 traded on The Royal Gazette/BSX Index. After losing two cents in value on Tuesday, Bank of Butterfield ended the day two cents (1.1 per cent) up at $1.77 after 3,000 shares sold. Insurance firm BF&M saw 1,500 sha...

A new reinsurance firm has won a top award from an industry magazine in the US. Hamilton Re, part of the Hamilton Insurance Group founded by veteran Brian Duperreault, has been awarded Bermuda Reinsurer of the Year by Reactions magazine. Hamilton Re ...

Bermuda’s business booster is to launch a new programme for entrepreneurs. The Bermuda Economic Development Corporation (BEDC) has teamed up with the Ewing Marion Kauffman Foundation and the Entrepreneurial Learning Initiative (ELI) to bring the Ice ...

Bermuda has taken a step closer to complying with European Union equivalency rules. An updated report from the European Insurance and Occupational Pensions Authority (EIOPA) acknowledges substantial amendments to Bermuda regulations governing commerc...

The Royal Gazette/BSX Index was closed yesterday due to the Labour Day holiday. It finished last week down 7.01 points (0.57 per cent) at 1,217.93. A total of 26,632 shares, valued at $151,968, traded during the week. Ascendant Group improved by 20 c...

LONDON (Bloomberg) — Japan’s Mitsui Sumitomo Insurance Co is in talks to buy Lloyd’s of London insurer Amlin Plc in a deal that could be announced as soon as today, according to a person with knowledge of the matter. The acquisition could cost the Ja...

Bermuda insurer BF&M is the top-rated domestic firm for the Island and Caribbean, according to president and CEO John Wight. He was speaking after ratings agency AM Best gave the firm four “excellent” ratings spanning different parts of the business....

Aspen Reinsurance has appointed Christian Dunleavy as head of global property catastrophe. He takes over the role from Stefan Long, who earlier this year was promoted to head of Aspen Re in London. Mr Dunleavy joined the company today. He previously ...