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Nordic American Tankers Ltd has reported a third-quarter profit of $25.8 million. On a per-share basis, the Bermuda-based company said it had made earnings of 29 cents. The average estimate of four analysts surveyed by Zacks Investment Research was f...

Many people in Bermuda will now have heard of virtual currencies, most likely in conjunction with “Bitcoin”. However, beyond an understanding of the idea that a virtual currency is some form of asset without a physical form, the conversation of what ...

An ambitious bid to boost the image of the insurance sector could increase business and attract new blood to its ranks, according to veteran industry chief Brian Duperreault. Mr Duperreault’s Hamilton Insurance Group has teamed up other companies to ...

The reinsurance sector is in the throes of transformation and its current position has been likened to being between the digital and analogue worlds. That was the analogy used by industry veteran Brian Duperreault, chief executive of Hamilton Insuran...

Willis Capital Markets & Advisory’s Resilience Re Ltd catastrophe bond platform has had its registration confirmed by the Bermuda Monetary Authority. It is one of four registrations confirmed during October. The others are BlueGreen Re Ltd, a newly ...

A total of 31,000 shares worth $118,590 today traded on the Bermuda Stock Exchange (BSX). Insurance firm Argus dropped 13 cents (3.3 per cent) to $3.82 after 30,000 shares changed hands. And telecoms company KeyTech fell one cent (0.3 per cent) to af...

Aspen Insurance, has appointed William McElroy as global head of environmental. Mr McElroy, who was formerly senior vice-president at Liberty International Underwriters, will lead Aspen Insurance’s global environmental practice, establishing a new gl...

A total of 17,257 shares worth $84,977.60 yesterday traded on the The Royal Gazette/BSX. Insurance firm BF&M dropped 25 cents (0.25 per cent) to $17 after 300 shares traded. The Bank of Butterfield was up four cents (2.2 per cent) after 1,557 shares ...

Clarien Bank has launched an online brokerage service with global reach. The bank’s Clarien iTrade, run in conjunction with the Interactive Brokers platform, allows clients to choose from a wide variety, including equities, options, mutual funds and ...

The Horseshoe Group has formed a platform for asset manager-backed reinsurers. It is being promoted as “a new chapter in convergence products expanding outside of the property catastrophe markets”. And the first reinsurer has joined the new platform,...