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The RG/BSX Index remained unchanged for the day at 2,230.73 with no turnover of local stocks on the Bermuda Stock Exchange. In New York, The Bank of N.T. Butterfield & Son Limited rose 84 cents (2.49 per cent) to close at $34.53.

Bermudian-based Fidelis Insurance Holdings Limited will create a new managing general underwriter that, subject to regulatory approval, will be separated from the existing balance sheet insurance companies. The new structure will allow each entity to...

Industry veteran Charlie Fry has rejoined American International Group Inc, the global insurance organisation. After departing AIG in 2020, Mr Fry served as chief executive officer of Acacia Holdings Ltd, the Bermudian-based capital investment compan...

Nayms, the Bermudian-based marketplace for crypto-native insurance, has appointed Nick Zagoreos as head of capital markets. The company said that Mr Zagoreos brings a wealth of experience in hedge funds, ILS and most recently a breadth of capital rai...

Owning two beloved pooches, Tracy Lambert noticed a gap in the Bermuda retail market: not enough haute couture for pets. “As a consumer, I’m always looking for stuff that is different or that you don’t often see around the island,” Ms Lambert said. ...

Fitch Ratings has upgraded Bermudian-based PartnerRe Ltd following its recent acquisition by Covéa Cooperations SA, the French mutual insurer. Covéa acquired PartnerRe from EXOR NV for total cash consideration of $9.1 billion. Fitch upgraded PartnerR...

Next month, The Youth Entrepreneurship Initiative, will be holding a special BizCamp for students in the new senior signature school. This BizCamp is arranged in coordination with the Bermuda Signature Schools Transformation Team, and will be held at...

Convex US has launched as a managing general underwriter with a focus on writing primary insurance in the US E&S market. The new operation is owned by Convex Insurance UK Limited, a specialty underwriter of insurance and reinsurance, and part of the ...

MSL Captive Solutions has appointed Meredith Watson as assistant vice-president and lead underwriter. MSL is an independent, specialist underwriting and consulting services firm formed by Strategic Risk Solutions two years ago to focus on the use of...

Nabors Industries Ltd, the Bermudian-based energy driller, has invested $7 million in Natron Energy Inc, a global leader in the manufacturing of sodium-ion batteries. Natron plans to use the funds to accelerate the production of its sodium-based batt...