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RenaissanceRe Holdings Ltd has estimated that losses from certain catastrophe events earlier this year will have a net negative impact of approximately $725 million on the company’s third-quarter 2021 results of operations. This estimate is primarily...

The RG/BSX Index closed down 13.41 (0.52 per cent) at 2,558.25 as Bank of Butterfield shares finished at $36.50 on the Bermuda Stock Exchange, down 25 cents. The bank stock closed up 34 cents (0.93 per cent) at $37.08 on the New York Stock Exchange. ...

Acumen Group, the professional-services company, has announced the appointment of Sophie Pearson as regional business development manager. Ms Pearson will lead efforts to accelerate the growth of Acumen’s payroll outsourcing business and will divide ...

When Ambika Scott spotted a pair of Marc Jacobs ankle boots selling for less than $5 a few months ago, she snatched them up. She knows a bargain when she sees one. “They are worth about $500,” she said. “They are a collector’s item.” The shoes are ...

The Bermuda Business Development Agency’s Bermuda Virtual Tech Summit 2021 from Wednesday to Friday is centred on the theme Transforming the Digital Landscape. The BDA said that it offers an exciting schedule of thought-provoking panels featuring glo...

The Association of Bermuda Insurers and Reinsurers (ABIR) has signed on to the Insurers’ Principles for Climate Change Adaptation drawn up by the Insurance Institute for Business and Home Safety (IBHS) with support from the property casualty insuranc...

The Government expects that Bermuda will emerge as a capital for climate-risk finance and a hub for climate-tech innovation. Curtis Dickinson, the Minister of Finance, said: “Over time, we are confident that this new sector will emerge as a pillar of...

Bermudian-based Signet Jewelers Limited, the world’s largest retailer of diamond jewellery, has agreed to acquire Diamonds Direct USA Inc in a $490 million deal. Signet said that Diamonds Direct is an off-mall, destination jeweller in the United Stat...

Mergers and acquisitions tax specialist Jon Hutchens has joined Bermuda-based Mosaic Insurance. Based in Virginia, Mr Hutchens has been appointed SVP, global head of tax, transactional liability, reporting to the unit’s global head, William Monat. Mr...

The board of directors of Bermuda-based White Mountains Insurance Group Ltd has elected Suzanne F Shank as a director of the company. Ms Shank is the president, CEO and co-founder of Siebert Williams Shank & Co LLC, a full-service investment banking ...