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AM Best has assigned the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) to Bermudian-based Legal & General Reinsurance Company No. 2 Limited. The outlook assigned to these credit ratings is stable...

The RG/BSX Index rose 5.74 points (0.24 per cent) to 2,424.96 as Bermuda Press (Holdings) Ltd stock jumped by $3.70 or 86 per cent to close at 8.00 after a block of 15,000 shares changed hands on the Bermuda Stock Exchange. The only other movement We...

Dana Cooper is a Bermudian designer best known for beachwear. But this month, as the temperature plummeted into the chilly 50s, she has launched a line of items to keep you warm — luxury cashmere scarves. “My new line of scarves are 100 per cent Scot...

The Privy Council has ruled against the Bermuda Court of Appeal in a Bermuda purpose trust case which challenged the decision of the trustees of a multibillion-dollar Taiwanese plastics fortune to remove the settlors’ family members as beneficiaries....

Argo Group International Holdings Ltd has confirmed that a dissident investor has withdrawn its nomination of candidates Ronald Bobman and David Michelson for board seats in the Bermuda-headquartered insurance group. Capital Returns previously nomina...

Concert Group Holdings Inc has appointed John Hendrickson as chief executive officer. Mr Hendrickson, who will take up his new position on January 1, succeeds Jonathan Reiss, who assumed the role of CEO at Concert’s inception in 2021. “We’re delighte...

Bermudian-based Global Cloud Xchange, the network service provider powering global connectivity for new media providers, telecom carriers and enterprises, has been awarded its international long distance licence by the Indian Government. This award e...

Acrisure, a fast-growing fintech leader that operates a top-ten global insurance broker and the largest independent real estate services company in the United States, has announced the members of its insurance leadership team reporting to Grahame Mil...

The RG/BSX Index rose 26.82 (1.12 per cent) to 2,419.21 as the only trading issue. Bank of N.T. Butterfield Ltd, rose 50 cents (1.5 per cent) to $34, through trading of 4,990 shares on the Bermuda Stock Exchange. Meanwhile, Butterfield stock fell 55 ...

Evertas, the American crypto asset insurer with an island-based subsidiary licensed by the Bermuda Monetary Authority, has successfully closed a series A financing round that raised $14 million. In addition to $5.8 million seed financing, that puts t...