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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 ...

Industry veteran David Harris has joined Bermudian-based Everest Re Group Ltd as senior vice-president, chief reserving actuary, succeeding Ellen Edmonds. He will report to Everest Group chief operating officer and head of reinsurance Jim Williamson,...

Just 14 per cent of Bermuda reinsurers and Insurance Linked Securities funds surveyed have a developed approach to ESG — environment, social and governance — risks, according to a new study. And the report commissioned by the Bermuda Business Develo...

The head of the US National Wildlife Federation has encouraged insurance professionals to invest in ways to not just predict climate risk, but actually reduce it. Speaking at the Bermuda inaugural Bermuda Climate Summit 2022, presented by The Bermuda...