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A leading local insurance company has confirmed that personal client data was accidentally released to unauthorised recipients, but said it did not include personal health or financial information. CG Insurance confirmed to The Royal Gazette that an...

Butterfield Bank raised its interest rates on loans and selected deposits in response to yesterday’s increase in the US Federal Funds Rate

A Supreme Court judgment against a Bermuda subsidiary of banking giant Credit Suisse will cost them some $600 million, the bank said in its first-quarter financial report today. The judgment relates to life insurance policies of a client of Credi...

Investment losses overshadowed positive underwriting results as Bermudian-based global re/insurer SiriusPoint Ltd reported a net loss of $217 million in the first quarter of the year. That compared with net income of $168.4 million in the prior year ...

In a jurisdiction where Bermudians have more scholarship funding than ever before, deadlines have been closing on opportunities with a disturbingly low rate of applications. A number of award providers have experienced a steep downturn in student app...

The Bermuda chapter of the Institute of Directors is to offer a non-executive directors course for half its normal rate. “The role of the non-executive director” stand-alone course on May 10 is part of the organisation’s ongoing professional developm...

Palomar Holdings Inc, the California-based holding company of subsidiaries including Palomar Specialty Reinsurance Company Bermuda Ltd, has reported net income of $14.5 million for the first quarter of 2022 compared to $16.6 million for the first qua...

Bermudian-headquartered Hamilton Insurance Group Ltd has announced two senior underwriting appointments at Hamilton Select Insurance Inc, its newly-launched E&S insurer. Devon Minarik has joined as head of US small business casualty insurance and Log...

Bermudian-based Textainer Group Holdings Limited, one of the world’s largest lessors of intermodal containers, has reported net income of $72.7 million for the first quarter, compared to $72.9 million for the fourth quarter of 2021. Adjusted net inco...

The RG/BSX Index remained unchanged at 2,376.84 with no activity on the Bermuda Stock Exchange for the day. Meanwhile, in New York, The Bank of N.T. Butterfield & Son Limited finished down 88 cents (2.62 per cent) to $32.77 on the New York Stock Exch...