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The Bermuda Tourism Authority is studying an economic impact report from last October’s PGA Tour Butterfield Bermuda Championship. The report lays out economic benefits from the professional golf event held under the auspices of the PGA Tour and the ...

Bermudian-based Apex Group Ltd, the global financial services provider, has announced the planned acquisition of the fund services and third-party management company business operations of Maitland International Holdings plc, an international fund se...

The RG/BSX Index fell 163.31 points (6.99 per cent) to finish at $2,172.53 driven by a $3 drop in Butterfield Bank shares, which closed at $30 on volume of 8,605 shares. Argus Group Holdings fell 10 cents (1.6 per cent) to $6 with a volume of 1,790. ...

Starr Insurance Companies has announced an agreement with FPG Insurance Holdings Limited (HK) and local Thai shareholders to purchase FPG Insurance Public Company Limited, a Thai non-life insurance company, together with local Thai parties. Starr sai...

In November 2020, government announced it was finalising plans for a new vertical farming facility that could potentially produce 30 per cent of the island’s leafy greens. While nothing concrete has yet come of that proposal, horticulturalist Aaron ...

AM Best has removed Coralisle Group Ltd’s subsidiaries from “under review with developing implications” and affirmed CG’s credit rating following its acquisition this month of Barbados-based Massy United Insurance Ltd, the Bermudian-based insurer rep...

The Bermuda Monetary Authority confirmed the registration of seven insurers in April, taking this year’s number of new registrants to 27. The BMA approved three restricted special purpose insurers – Gateway Re Ltd, Long Point Re IV Ltd and Yosemite R...

Nayms has graduated from the Bermuda Monetary Authority’s regulatory sandbox to become the world’s first, fully regulated crypto-native insurance marketplace, the Bermuda Business Development Agency announced. The BDA said Nayms bridges legacy insura...

Artex, an alternative risk solutions company, has announced the transition of Horseshoe to Artex. Artex expanded its ILS offerings with the acquisition of Horseshoe in 2019. “Horseshoe has always been more than just an ILS specialist firm and the Art...

California-based Altamont Capital Partners has acquired a majority stake and made a $150 million growth capital commitment to Fleming Holdings, the property and casualty insurance capital solutions business that includes Bermudian-based Fleming Reins...