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London-based Hamilton Global Opportunities plc has completed a second investment in Miami International Holdings Inc, the parent company of the Bermuda Stock Exchange, for $2.15 million through a secondary share purchase. Gustavo Perrotta, founder an...

The Bermuda Climate Summit 2022 really “hit it out of the ballpark”, John Huff, Association of Insurers and Reinsurers president and chief executive officer, said at the close of the two-day event. The inaugural summit, held at the Rosewood Bermuda i...

Convex Group Limited, the Bermudian-based international specialty re/insurer, has announced a partnership with Bermudian Olympic Games gold medallist triathlete Dame Flora Duffy. For the next three years, Convex said, it will support Ms Duffy as she ...

Bermuda can lead the world in tackling the challenges of climate risk, a leading insurance executive told a sold-out audience at the inaugural Bermuda Climate Summit yesterday. Speaking of climate risk on a macro level, Hamilton Insurance Group CEO P...

PartnerRe Ltd has had its ratings affirmed on the eve of its $9 billion sale to French mutual insurer Covéa. AM Best affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of the operating ...

Axis Capital Holdings Limited has announced a $250,000 endowment to international business school Insead to create a research fund on behalf of the company’s former chairman of the board. The Michael A. Butt Fund for Business & Society by Axis Capita...

Seadrill Limited, the offshore drilling company based in Bermuda which came out of Chapter 11 bankruptcy and provisional liquidation in February, has reported an operating profit of $42 million for the first quarter of the year. The company reported ...

A Madison Avenue agency specialising in travel and lifestyle public relations has taken over as image maker for the Hamilton Princess Hotel. Laura Davidson Public Relations was listed by Forbes magazine last year among “America’s best PR agencies”. I...

The Bank of N.T. Butterfield & Son Limited finished up 88 cents or 2.98 per cent today to close at $30.40 on the New York Stock Exchange. Meanwhile the Bermuda Stock Exchange was unchanged for the fourth day at 2,218, as no shares changed hands in Be...

Net profits more than tripled to $24.3 million in the first quarter of the year for Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas. That compared with a net profit of $7.5 million for the ...