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HSBC Bermuda will be raising its base lending rate on residential mortgages and consumer loans for the first time since 2019. Effective October 4, it will raise its base rate for Bermuda dollar residential mortgages and consumer loans by 0.50 per ce...

Giovanni Hollis, a Bermudian university student, has been awarded the 2022 BFIS CG Insurance Alan Peacock Scholarship. The award is valued at $25,000 for two academic years, totalling $50,000. Mr Hollis is a junior at Northeastern University, pursuin...

Sarah Medeiros is the recipient of MJM Limited’s 2022 Legal Scholarship. Ms Medeiros was awarded the scholarship to a value of $10,000 to assist with her legal studies. The 2021 graduate of Mount Saint Agnes Academy is currently furthering her studie...

Apex Group Ltd, the Bermudian-based global financial services provider, has closed the £1.5 billion acquisition of Sanne Group plc, a leading global provider of alternative asset and corporate services. The close of the Sanne acquisition positions Ap...

Bermudian-registered Nabors Industries Ltd has recorded a net loss from continuing operations attributable to Nabors shareholders for the second quarter of $83 million. This compares to a loss of $184 million in the first quarter for the energy drill...

Convex Group Limited, the Bermudian-based international specialty re/insurer, has acquired a strategic 7.7 per cent share in Quotech, the underwriter-led insurtech that creates practical systems for specialty insurers, brokers and MGAs. Quotech annou...

The RG/BSX Index remained unchanged at 2,382.30 after no trading on the Bermuda Stock Exchange for the day. The Bank of N.T. Butterfield & Son Limited finished the day at $33.18, up 17 cents (0.52 per cent) on the New York Stock Exchange.

SiriusPoint Ltd, the Bermudian-headquartered global specialty re/insurer, has reported a net loss of $61 million for the second quarter of the year. That result takes the company’s net loss for the first half of 2022 to $278 million. The company had ...

Bermudian-based Fidelis Insurance Holdings Limited has become a member of ClimateWise, the climate change initiative. ClimateWise represents a global network of leading insurers, reinsurers, brokers and industry service providers. The organisation sh...

Lloyd’s has received regulatory approval from the Prudential Regulation Authority and the Financial Conduct Authority in the UK to set up a second protected cell company. The new PCC provides a broadened range of capabilities for the market and an en...