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In a year in which financial services investment holding company Somers Limited sold the Bermuda Commercial Bank, it has reported record net income and disclosed that most of the proceeds of the bank sale are in a loan to the buyer. Somers had report...

The RG/BSX Index fell 107.28 points (4.05 per cent) to close at 2,541.07 in light trading. The Bank of Butterfield fell $2.00 to close at $36 after the sale of 355 shares. On the New York Stock Exchange, Butterfield rose 48 cents to close at $36.60.

Veteran trusts and private wealth lawyer Stephanie Bernard has joined Carey Olsen Bermuda Limited as counsel. The firm said that Ms Bernard has extensive and in-depth experience advising individuals, fiduciaries and companies on all aspects of Bermud...

West Hamilton Holdings Limited posted a net profit of $6.86 million in the fiscal year ended September 30, the highest reported profit for the company since inception. The Bermudian-based company said that compares with a loss of $400,000 at year-end...

Bermudian-based SiriusPoint Ltd, the global specialty re/insurer, has struck a strategic partnership with LuckyTruck Corp, the digital broker and aggregator specialising in commercial trucking insurance. The parties said the partnership will see Siri...

Bermudian-headquartered Hamilton Insurance Group Ltd has appointed Diane Wisner as head of excess casualty insurance and Pam Gosslin as head of medical professionals liability in its US excess and surplus lines business. Reporting to Clay Rhoades, pr...

Concert Group Holdings Inc, the newly formed business dedicated to insurance fronting that is led by Bermudian insurance executive Jonathan Reiss, has formed Concert Specialty Insurance Company, an excess and surplus lines carrier domiciled in Montan...

Essent Group Ltd, the Bermudian-based mortgage re/insurer, has amended its credit facility to increase the total facility from $625 million to $825 million. Essent said the amended credit facility has terms that provide for an increase in the revolvi...

Bermudian-based Avance Gas Holding Ltd has entered into a two-year time-charter agreement for the first dual-fuel very large gas carrier, Avance Polaris, to the energy giant TotalEnergies. Avance, which is engaged in the transportation of liquefied p...

VYRD, a new insurance company serving homeowners in Florida, has today launched as a joint venture between Bermudian-based SiriusPoint Ltd, the global specialty re/insurer, and bolt, the insurtech company. The company said it will use cutting-edge te...