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Legacy specialist Darag Group, which has an operation in Bermuda, has appointed Andrew Pryde to the new role of group chief risk officer, subject to regulatory approvals. Based in London, Mr Pryde will report to group chief executive officer Tom Boot...

The RG/BSX Index closed unchanged at 2,717.42 as two issues traded on the Bermuda Stock Exchange. Argus Group Holdings Ltd. remained at $6.39 at the end, after 5,000 shares changed hands. And Watlington Waterworks Ltd. also remained unchanged at $33 ...

A year after its launch, global re/insurer SiriusPoint Ltd says it is “just getting started”. The Bermudian-headquartered company debuted on February 26 last year as one of the first fully formed re/insurers of the Class of 2020, following the merger...

The Chamber of Commerce’s Annual Budget Breakfast, normally scheduled the Monday after the Budget Statement is delivered, has been postponed until Thursday. Chamber chief executive officer Kendaree Burgess said: “The Bermuda Chamber of Commerce apolo...

Russia’s invasion of Ukraine likely will impact the global insurance industry substantially in the near to midterm, AM Best believes. The rating agency said this is probable, especially given the significant fallout in the capital markets and potenti...

After working on infrastructure and commercial roll-out, new telecommunication’s provider Horizon Communications is ready to launch its residential service. At the start, Horizon is offering two simple packages, $100 for 100mbps and $129 for 175mbps....

The City of Hamilton is littered with shuttered buildings and other vacated commercial premises, some that once housed thriving businesses. It is a visual indicator of the island’s economic troubles and a focus as parliamentary budget discussions be...

Bermudian-based holding company Assured Guaranty Ltd has reported net income of $389 million in fiscal year 2021. That includes a $175 million pre-tax ($138 million after-tax) loss on debt extinguishment resulting from the voluntary early redemption ...

Enstar Group Limited, the global insurance group based in Bermuda, has reported consolidated net earnings of $437 million for fiscal year 2021. That compares to consolidated net earnings of $1.7 billion in 2020. The company said key drivers of net ea...

The public nature of wills has recently been hotly contested in the United Kingdom, where the practice of making wills of ordinary folk public, versus sealing royal wills, has been in focus. Following the death of Prince Philip, Duke of Edinburgh las...