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The Royal Gazette/BSX Index fell 2.3 per cent for the week to close on 2,436.96. The Bank of NT Butterfield & Son fell $1.05, or 3 per cent, to close on $33.95, as 500 of its shares changed hands over the five days of trading. Butterfield was the onl...

Arch Capital Group Ltd booked a $550 million net loss from catastrophes, but still managed to report net income available to common shareholders of $6.9 million in the third quarter. That result compares with net income of $388.8 million for the 2021...

Axis Capital Holdings Limited has reported a net loss attributable to common shareholders of $17 million and operating income of $3 million in the third quarter. That compares with net income of $47 million and operating income of $1 million in the t...

An active catastrophe quarter and volatile market conditions drove a net operating loss of $205 million and a net loss of $319 million in the third quarter for Everest Re Group Ltd. That compares with a third quarter 2021 net operating loss of $53 mi...

After a three-year hiatus, Gary Harris will be back at Appleby Bermuda on Monday as an insurance partner. Mr Harris joins Appleby from Fortitude Re, where he was head of legal and compliance in Bermuda. Before that he worked for Appleby for six years...

ATN International Inc, the Massachusetts-based parent company of One Communications and Fireminds, has reported a net loss of $2.8 million for the third quarter of the year. That compares with a $2.6 million net loss for the same quarter in 2021. The...

Bermudian Tyler Owen is to rejoin the Bermuda professional lines team at Axa XL as SVP, product line leader, the company announced. Mr Owen, whose appointment is effective on Monday, will report to Axa XL’s Bermuda professional lines chief underwriti...

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Bermudian-based NEWGT Reinsurance Company Ltd. The outlook of these credit ratings is stable. NEWGT is a wholly owned s...

The Royal Gazette/Bermuda Stock Exchange Index edged down 2.68 points as Butterfield Bank’s shares slipped. Butterfield closed down five cents to close at $33.95 on volume of 400 shares worth $13,580 in the only trading on the day. The index closed...

The Washington Mall’s 50th anniversary on November 3 feels particularly poignant to the building’s longest-running tenants who have made it through Covid-19 – one of the worst retailing periods in Bermuda’s history. “It is nice to know we have survi...