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PartnerRe today reported on the “significant industry event” that was Hurricane Ian, but said the net loss attributable to common shareholder of more than $1.5 billion for the first nine months of the year (2021 9m: $317 million profit), was due to u...

West Hamilton Holdings Limited, the BSX-listed Bermuda property holding company, has reported net income of $948,364 (2021: $1,023,449) for the six-month period ending March 31. In a letter to shareholders filed with the BSX that set out the company’...

The Bermuda Monetary Authority has launched a campaign ‘Deposit It or Exchange It’ to remind the public that, from December 31, they will have one year to deposit or exchange the horizontal Bermuda dollars legacy banknotes. Effective January 1, 2024,...

The hardening market in the reinsurance sector is the best in decades, a leading insurance executive has said. Conduit Re executive chairman Neil Eckert made the comment as his company released its third quarter trading statement. Mr Eckert said: "As...

Bermudian-based Maiden Holdings Ltd has reported a net loss attributable to common shareholders of $8.2 million for the third quarter of the year. That compares to net income of $2.9 million in the third quarter of 2021. Non-GAAP operating loss was $...

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermuda captive Evergreen Insurance Company Limited, with a stable outlook. The ratings reflect EICL’s balance sheet stre...

Hoegh LNG Partners LP, the Bermudian-based floating liquefied natural gas service provider, has announced the resignation of John V Veech as chairman of the partnership’s board of directors. Mr Veech has also stepped down from the board entirely, the...

The RG/BSX Index finished unchanged at 2,332.38, with no trading for the day on the Bermuda Stock Exchange. The Bank of N.T. Butterfield & Son Limited closed on the New York Stock Exchange down 54 cents (1.70 per cent) at $31.15.

Bermudian-based Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a record net profit of $61 million for the three months ended September 30. That compares to a net loss of $12.8 million for the third qu...

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of XL Bermuda Ltd (Axa XL) and its subsidiaries. The outlook of these credit ratings is stable. The ratings reflect Axa XL’...