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Bermudian-based Charles Craigs has been promoted to group head of reinsurance at Canopius Group, the global specialty re/insurer with an operation on the island. The move comes as the Jersey-domiciled group makes senior appointments and reorganises i...

AM Best has affirmed the financial strength ratings of A (Excellent) and the long-term issuer credit ratings of “a+” (Excellent) of Bermudian-based BNY Trade Insurance Ltd and The Hamilton Insurance Corp, based in Melville, New York. Both are single-...

The RG / BSX Index Index closed unchanged at 2,218.00, after a day with no trading on the Bermuda Stock Exchange. The Bank of N.T. Butterfield & Son Limited closed up 61 cents at $31.43 on the New York Stock Exchange.

Höegh LNG Partners LP, the Bermudian-based floating liquefied natural gas service provider, has entered into a definitive merger agreement with Höegh LNG Holdings Ltd, the island-registered company, in a deal worth $167.6 million. Under the agreement...

Ten directors have been re-elected by shareholders’ vote at the Annual General Meeting of The Bank of N.T. Butterfield & Son Limited. Re-elected at the meeting, which was held virtually, were Michael Collins, Alastair Barbour, Sonia Baxendale, James ...

Bermuda Microsystems Group is celebrating 30 years of business this month with a brand update that the company says reflects where it is as a business today and where it's heading in the future. The company entered the IT market in 1992 with its firs...

Clarien Bank has become the second island-based financial institution to increase its Bermuda dollar base lending rate by 50 basis points, or 0.50 per cent, following the US Federal Reserve rate increase earlier this month. Butterfield Bank was the f...

There is a big opportunity for the insurance industry in the arena of “speeding up transition” to a low carbon economy, said Richard Dudley, global head of climate strategy at Aon. Mr Dudley was speaking as a panellist at the Bermuda Climate Summit 2...

A third of reinsurance buyers will buy more, or significantly, more reinsurance protection during his midyear renewal season, according to an industry survey. While 22.5 per cent said they will buy less, some 41.5 per cent expect to purchase about th...

Bermuda reinsurers may opt for declining participation in the Florida property market ahead of the projected above average Atlantic storm season forecast by climatologists. Even after the Florida legislature last week used record speed to pass sweepi...