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Fidelis Insurance has promoted Ben Savill, the head of its Bermuda office, to group chief underwriting officer. The company, which launched in Bermuda in June last year, said Mr Savill would assume this role from Richard Brindle who held it jointly ...

Conyers Dill & Pearman announced it had achieved top-tier rankings in Chambers Global 2016 directory. Narinder Hargun, director and co-chairman of the firm’s Bermuda office, commented: “We are delighted to once again receive such commendable ranking...

PartnerRe Ltd’s acquisition by Exor has been completed, the Bermudian reinsurer announced today. Next Thursday the company’s new board will meet for the first time when the directors will nominate a chairman and the company’s new permanent chief exec...

More than 1.2 million shares worth about $2.06 million today traded on The Royal Gazette/BSX Index. A total of 1,201,208 shares in the Bank of Butterfield changed hands, leaving its price 2 cents or 1.21 per cent up at $1.67. Insurance firm Argus saw...

A telecommunications and technology expert with extensive overseas experience has joined the board of the Bermuda Business Development Agency. Fiona Beck, who hails from New Zealand, has been a non-executive director and board member on several telec...

Financial-services holding company Somers Ltd made a profit of $100,000 in the final quarter of 2015, down from $1.2 million in the same period the previous year. The company was impacted by a 2.5 per cent depreciation of sterling against the US doll...

Butterfield Bank has set aside $4.8 million to pay potential fines as a result of a US investigation into tax evasion. And the bank’s financial report for last year said that any fines levied on the bank could be even higher. The report said: “Manage...

A programme aimed at promoting new business start-ups is to take place this weekend. The Startup Weekend is designed to help teams take new business ideas from concept to launch. Expert coaches from Bermudian businesses will be available to help part...

A bust of insurance industry veteran Robert Clements has been unveiled in the grounds of a company he helped to found. The likeness of Mr Clements, by Bermudian sculptor Desmond Fountain, has been placed on a walkway bearing his name connecting the f...

The Royal Gazette/BSX Index today closed unchanged at 1,177.21. The sole trade was 125,000 Bank of Butterfield shares worth $206,250. The bank’s price was unchanged at $1.65. The BSX Insurance Index was up 15.28 points, or 0.90 per cent, at 1,705.95....