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For the second time in successive days, Flagstone Reinsurance Holdings announced the sale of an operating asset. Yesterday the company said it would sell its Lloyd’s operations to Netherlands-based specialty insurance business ANV Holdings BV for abo...

Bermuda insurance company BF&M Ltd has agreed to buy Cayman-based insurer Island Heritage for around $68 million in cash. BF&M chief executive officer John Wight said last night the deal, which is expected to close in the second quarter, would help t...

The diversified facilities management group Bermuda Aviation Services said yesterday that it had bought a controlling interest in Integrated Technology Solutions Ltd. The terms of the deal were not disclosed. BAS group president Kenneth Joaquin told ...

Two Bermudians at Ace are living proof that one of the Island’s most prestigious scholarships does more than just pay for tuition. Now they’re encouraging more young Bermudians to apply for the scholarship that helped kick start their careers. Krist...

Endurance Specialty Holdings Ltd’s chief actuary and chief risk officer will step down later this month to take the role of executive director of the Academy of Risk Management and Insurance at St Joseph’s University in Philadelphia. Mr Angelina joi...

A long-time Butterfield Bank customer says she had $4,000 stolen from her account after falling victim to cyber crime. Though she eventually managed to get the money returned, Ms Phillips, who has asked that we do not use her first name, said $4,000 ...

Argus Group Holdings Ltd CEO Alison Hill expressed disappointment after AM Best issued a negative rating outlook for the company’s insurance subsidiaries. The ratings agency, which also affirmed the Bermuda-based group’s financial strength rating at ...

Healthcare reform, one of the hottest topics in Bermuda and this week in the US where the Supreme Court is hearing oral arguments in a case challenging the constitutionality of the Obama administration’s landmark Patient Protection and Affordable Car...

Following the hospitality industry’s bleak start to 2012 with three restaurant closings, wholesaler Butterfield & Vallis is concentrating on helping their existing clients remain competitive. Hosting a food trade show at the Fairmont Hamilton Prince...