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Lancashire Holdings Limited had a $7.1 million loss for the six months ended June 30, 2022, after strong growth of 34.6 per cent in gross premiums written year on year to $938.1 million. “We continue to see attractive rate increases across a number o...

Axis Capital Holdings Ltd has reported second quarter net income available to common shareholders of $27 million. That compares to net income available to common shareholders of $228 million for the second quarter of 2021. Gross premiums written incr...

Following a period of rapid growth, global financial services provider Apex Group Ltd. has partnered with software company AlphaCentrix to bring data management solutions to its clients. The Bermuda company said AlphaCentrix software will ensure cons...

Melanie Fullerton has been promoted to senior counsel in the Bermuda regulatory and risk advisory team of Walkers (Bermuda) Limited. A Bermudian Called to the Bar in 2014, she joined Walkers from the Bermuda Monetary Authority, where she worked in th...

A lot of records fell as Chubb reported reduced second-quarter net income of $1.22 billion, down from $2.27 billion from the same period in 2021. Net income in the quarter was adversely impacted by realised losses of $565 million after tax, principal...

Net realised and unrealised losses of a staggering $654 million, primarily in the fixed-maturity investments portfolio, crashed Bermuda reinsurer RenaissanceRe to a startling 2022 Q2 net loss of $324.9 million. The poor investment performance, driven...

Credit Suisse Life (Bermuda), a division of the banking giant Credit Suisse, has had an application before the Supreme Court rejected by Chief Justice Narinder Hargun. CS Life wanted a $607.35 million judgment against them to be paid from accounts se...

Butterfield is offering a free class in money management and financial literacy to college and university students between the age of 18 and 30. The hour-long Butterfield 101 Money Management Programme will be held virtually at 6pm on Thursday, Augus...

Amendments to the Investment Business Act 2003 become effective today. Julie McLean, a director of international law firm Conyers said the Bermuda Monetary Authority has confirmed the effective date of the Investment Business (Amendment) Act 2022, wh...

The RG/BSX Index remained unchanged for the day at 2,230.73, with no trading on the Bermuda Stock Exchange. The Bank of N.T. Butterfield & Son Limited fell 75 cents (2.17 per cent) to close at $33.78 on the New York Stock Exchange.