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Fitch Ratings believes that tax advantages held by Bermuda (re)insurers will eventually be reduced as a result of the 15 per cent global minimum tax. But Bermuda will remain favoured as an insurance domicile and the agency will hold off on any ratin...

Cole Simons, the Leader of the Opposition and shadow finance minister, is suspicious of government use of a little-known rating agency to complete a report on Bermuda. In a statement responding to last week’s announcement releasing the Kroll Bond Rat...

Abigail Clifford has been appointed president and group chief operating officer, and CEO designate of the BF&M group of companies. A date for the transition has not been set and John Wight remains group chairman and CEO. The company said that the sel...

Most people will never win an Olympic gold medal like Flora Duffy, but if you are quick on your feet you may taste gold, thanks to Gosling’s Limited. Its new Goslings Flora Duffy Gold “represents the sweet taste of victory after years of hard work”. ...

Bermuda-based Citadel Reinsurance Company Limited has received a $25 million balance sheet cash injection from parent company Citadel Risk Group. The group also injected $10 million into the balance sheet of New Jersey-based American Millennium Insur...

Just before a significant milestone, the Bermuda-headquartered international financial services organisation LOM Financial Group has undergone a rebrand. Approaching three decades in business, and now with offices also in the Bahamas, Cayman and the ...

Bermuda-based Mosaic Insurance has extended its war, terrorism and political violence coverage to offer up to $600 million per risk. The global specialty insurer said that the increased capacity allows the company to serve clients via domestic US or ...

Costas Miranthis, the former Partner Re president and CEO, has been appointed as an independent non-executive director to the group board of RiverStone International, the acquirer and reinsurer of legacy and discontinued insurance business. Mr Mirant...

The RG/BSX Index climbed 80.46 points (3.15 per cent) to close at 2,635.61, buoyed by Bank of Butterfield shares rising $1.50 to close at $38.00. The Bermuda Stock Exchange also had BF&M trading. The bank stock declined 38 cents (0.97 per cent) to cl...

Two thirds of new jobs created in Bermuda in the next two years will come from entrepreneurs, a tech summit has been told. But while there has been a 300 per cent increase in businesses using online and e-commerce, there remains an urgency to re-tool...