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The RG/BSX Index remained unchanged at 2,392.77 in the absence of any activity on the domestic board of the Bermuda Stock Exchange, for the second consecutive day. The Bank of N.T. Butterfield & Son Limited was down $1.17 (3.44 per cent) to $32.82 at...

Klaus Sapelza has been appointed chief underwriting officer and Mario Spescha has been named chief operations officer at Bermudian-based Lumen Re. Both were formerly part of the ILS team at LGT Capital Partners in Switzerland. Lumen Re serves as a co...

Envelop Risk, the global specialty cyber underwriting firm, has launched Bermudian-based Envelop Capital Markets, a practice led by veteran underwriter and ILS specialist David Ross. The company said the practice, announced Tuesday at Rendez-Vous de ...

Butterfield Bank will shut down the bank accounts of the Bermuda Financial Network on Thursday, in effect putting the 26-year-old company out of business. It will mean the end of Easy Pay, Bermuda’s first online money transfer service (2000/2001) whi...

The new Salt Yoga studio is about to kick off its first round of beginners vinyasa yoga classes. “Back to school and the new year are always popular times of the year for beginner yoga series to run,” founder Emily Terceira said. “Salt Yoga’s beginn...

The hard insurance market’s fuelling of growth in the captive insurance market may be reflected in the latest registration figures announced by the Bermuda Monetary Authority. The BMA has confirmed the registration of nine insurers in August, taking ...

Growth in global insurance, and the subsequent naturally occurring expiry or capital exit are reasons for an increase in the global non-life run-off market. Estimated liabilities rose 11 per cent to $960bn since the beginning of 2021, according to Pw...

HSCM Bermuda has promoted Rachel Bardon to deputy chief investment officer, and Gokul Sudarsana to chief actuary. Ms Bardon joined HSCM in 2016 as the firm was being formed. Since joining she has been an integral part of the development of the firm’s...

MS Amlin AG, the Switzerland-domiciled global reinsurer with an underwriting office in Bermuda, has announced its rebrand to MS Reinsurance, An MS Amlin AG Company. The name change, which will occur this month, reflects parent company MS&AD’s commitm...

The RG/BSX Index remained unchanged at 2,392.77 in the absence of any activity on the domestic board of the Bermuda Stock Exchange. The Bank of N.T. Butterfield & Son Limited was up 56 cents (1.68 per cent) to $33.99 at the close of the New York Stoc...