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Axa XL Insurance has promoted Cheri Hanes, formerly subcontractor default insurance construction risk engineering manager, to vice-president, head of innovation and sustainability for its North America construction insurance business. Ms Hanes assum...

The RG/BSX Index closed unchanged at 2,317.69 on Tuesday with no trading on the Bermuda Stock Exchange. Overseas, the Bank of N.T. Butterfield & Son Limited was up 37 cents (1.24 per cent) to close at $30.18 on the New York Stock Exchange.

Bermudian George F Hutchings is stepping down as chief operating officer of Everen Limited on April 1, the company has announced. Mr Hutchings, who will retire at the end of 2023, will remain at Everen for the balance of the year as special adviser. ...

Insurance industry veteran Don Bailey has joined American International Group as global head of distribution and field operations. He reports to Peter Zaffino, chairman and chief executive officer. For more than 30 years, Mr Bailey has held a variety...

Jon Burull has been named president and chief executive officer of Watlington Waterworks Limited. Mr Burull, formerly the chief operating officer of Bermuda Waterworks Limited, succeeds Allan Rance, who retired from the top posts at the end of 2022. ...

The Bermuda Economic Development Corporation has launched a programme to help the island’s food entrepreneurs to operate their businesses in fully-licensed, commercial kitchens. The BEDC said the goal of the Underutilised Commercial Kitchens Program...

The January 1 renewals have proven to be one of the most challenging reinsurance markets the sector has experienced as reinsurers and cedents worked to establish a new market equilibrium, a leading global risk and reinsurance specialist has said. Guy...

Due to an almost unprecedented barrage of restrictive Federal Reserve monetary policies, stock and bond prices plummeted throughout 2022. The past year’s Fed policy initiatives included seven large interest rate hikes, relentless quantitative tighten...

The redomiciliation of a major tanker company from Bermuda to Cyprus is effective. The company, which is engaged primarily in the ownership and operation of oil tankers and product tankers, was formerly named Frontline Ltd and based in Bermuda. Share...

Darag Group, the international legacy acquirer, has concluded a reinsurance agreement with a large US carrier. The transaction, written into Darag Bermuda, had a value at the reference date of approximately $15 million. Darag Bermuda will provide the...