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Global Atlantic Financial Group, the Bermudian-based financial services company, has announced a $10 billion group annuity reinsurance agreement with Equitable Financial Life Insurance Company to reinsure a portion of its group retirement annuities. ...

A Bermuda company expects to deliver in the near future a new class of waterway vessels powered entirely by sustainable energy — vessels envisaged as the next generation of commercial ferries. Breakthrough technology and preliminary approvals from a ...

John Wight, the group chief executive officer of BF&M Limited, is to retire at the end of the month. Mr Wight, who became president and CEO of BF&M in 2005, will be succeeded as group CEO by Abigail Clifford, with effect from September 1. Ms Clifford...

The measure US president Joe Biden signed into law yesterday that raises taxes on US corporations does nothing to comply with a separately negotiated 137-country deal for a global minimum tax on the world's largest companies. It is the latest sign th...

An eight-week global fintech education programme was completed recently by 13 Bermudians. The programme was a collaboration between the Economic Development Department and NEXT, the island’s first digital-asset industry association. NEXT comprises 15...

HowdenCAP, a division of British-based international insurance broker Howden, and Bermudian-based specialty carrier Mosaic Insurance have launched a pioneering integration of their technology platforms that promises to drive efficiency and speed of r...

Industry veteran Doug Kovach has joined Concert Insurance Company as senior vice-president, underwriting and programme management, reporting to chief underwriting officer Joe Alberti. “Doug has extensive underwriting and programme management experien...

The RG/BSX Index remained unchanged at 2,364.05 for the day with no trading activity on the Bermuda Stock Exchange. The Bank of N.T. Butterfield & Son Limited finished up 26 cents (0.75 per cent) at $35.05 on the New York Stock Exchange.

Axa XL Insurance has promoted Michael Perrotti to the role of chief underwriting officer for its marine insurance business in the Americas. Previously inland marine practice leader for marine in North America, Mr Perrotti assumes the CUO role from An...

Bermudian-based Argo Group International Holdings Ltd has appointed Jessica Snyder president, US insurance. Ms Snyder will report to Tom Bradley, Argo’s executive chairman and chief executive officer. Mr Bradley said: “Jessica has extensive executive...