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Regulatory veteran Ricardo Garcia has been appointed managing director of the Bermuda Monetary Authority. Mr Garcia, who joined the BMA in 2013, will be responsible for the organisation’s supervision of insurance, banking, trust, corporate services, ...

RenaissanceRe executive Justin O’Keefe has been elected vice-chairman of the board of directors at the Reinsurance Association of America. Mr O’Keefe, who is based in Bermuda, is senior vice-president and chief underwriting officer for the global pro...

White Mountains Insurance Group Ltd, the Bermudian-domiciled financial services holding company, has signed a definitive agreement to sell NSM Insurance Group to investment funds affiliated with global investment firm Carlyle in a transaction that va...

The RG/BSX Index remained unchanged at 2,376.84, with no trading for the day on the Bermuda Stock Exchange. The Bank of N.T. Butterfield & Son Limited fell 11 cents (0.34 per cent) to $32.09 on the New York Stock Exchange.

Bermudian-based RenaissanceRe has made a senior appointment to its Capital Partners team, hiring Keenan Press as a vice-president. Mr Press will lead the investor due diligence function, reporting to Chris Parry, who is SVP, global head, Capital Part...

Tysers, the London-based re/insurance broking group with an office in Bermuda, has announced that Australian-based AUB Group has entered into a binding agreement to purchase the firm. The reported price is $880 million AUD (approximately $613 million...

Apex Group Ltd, the global financial services provider based in Bermuda, has expanded its longstanding relationship with Aizawa Asset Management to provide services to their new Cayman fund, Ariake Secondary Fund III LP. Apex has been appointed to pr...

Only one Bermuda bank has taken action since the largest interest rate hike by the Federal Reserve in more than two decades. The midweek hike of 50-basis points in the US Federal Funds Rate led to near immediate action from Butterfield Bank, raising ...

Bermudian-based insurer Enstar Group Limited has reported a net loss of $282 million for the first quarter of the year. That compares with net earnings of $183 million for first quarter 2021. The company said return on equity was minus five per cent ...

Realtors and government remain at loggerheads in a seven-year battle after what industry believed was unintended consequences from 2015 changes that removed the ability for work permit holders to buy condominiums outside of hotel/tourism developments...