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Melanie Fullerton has been promoted to senior counsel in the Bermuda regulatory and risk advisory team of Walkers (Bermuda) Limited. A Bermudian Called to the Bar in 2014, she joined Walkers from the Bermuda Monetary Authority, where she worked in th...

A lot of records fell as Chubb reported reduced second-quarter net income of $1.22 billion, down from $2.27 billion from the same period in 2021. Net income in the quarter was adversely impacted by realised losses of $565 million after tax, principal...

Net realised and unrealised losses of a staggering $654 million, primarily in the fixed-maturity investments portfolio, crashed Bermuda reinsurer RenaissanceRe to a startling 2022 Q2 net loss of $324.9 million. The poor investment performance, driven...

Credit Suisse Life (Bermuda), a division of the banking giant Credit Suisse, has had an application before the Supreme Court rejected by Chief Justice Narinder Hargun. CS Life wanted a $607.35 million judgment against them to be paid from accounts se...

Butterfield is offering a free class in money management and financial literacy to college and university students between the age of 18 and 30. The hour-long Butterfield 101 Money Management Programme will be held virtually at 6pm on Thursday, Augus...

Amendments to the Investment Business Act 2003 become effective today. Julie McLean, a director of international law firm Conyers said the Bermuda Monetary Authority has confirmed the effective date of the Investment Business (Amendment) Act 2022, wh...

The RG/BSX Index remained unchanged for the day at 2,230.73, with no trading on the Bermuda Stock Exchange. The Bank of N.T. Butterfield & Son Limited fell 75 cents (2.17 per cent) to close at $33.78 on the New York Stock Exchange.

Allied World Bermuda is concluding a structured eight-week summer internship programme on Friday, July 29 for four talented Bermudians — Eden Robinson (McGill University), Grace Reeves (Queens University), Madison Smith (Acadia University) and Nichol...

The Bank of N.T. Butterfield & Son Limited has reported net income of $49.1 million for the second quarter of the year. That is a 10.6 per cent increase compared with net income of $44.4 million in the first quarter of 2022, and a 24 per cent rise co...

A Hong Kong Chamber of Commerce webinar on Bermuda provided its online delegates with insight into the island’s international business platform. The Hong Kong-based audience of legal and financial sector professionals were told about Bermuda’s unique...