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Philip Butterfield has announced his intention to retire as chief executive officer of HSBC Bank Bermuda Ltd in May next year. Bermudian Mr Butterfield has been with the bank for 12 years, eight of them as CEO, and will become the bank’s chairman on ...

The unit is led by Jim Loder who believes that businesses operating in today’s fast-changing business environment are increasingly facing the kind of complex, one-off risks that XL’s CSI team has been set up to deal with. In an interview with The Roy...

Philip Butterfield has announced his intention to retire as chief executive officer of HSBC Bank Bermuda Ltd in May next year. Bermudian Mr Butterfield has been with the bank for 12 years, eight of them as CEO, and will become the bank’s chairman on ...

NEW YORK (Bloomberg) Maurice (Hank) Greenberg, the former American International Group Inc chief executive officer, seeks to break new ground in lawsuits challenging the US takeover of the insurer in a bailout that reached $182 billion. Greenberg’s S...

Butterfield Bank customers have been experiencing further problems with the bank’s new online banking system, including transactions failing to appear in accounts and the absence of a payer’s ID when they make a payment so the payee doesn’t know who ...

Shares of Bermuda-based Omega Insurance Holdings plunged nearly eight percent yesterday after Mark Byrne’s Haverford (Bermuda) Ltd warned it may drop its bid to buy a one quarter stake in the insurer. The London-listed company’s shares fell 5.3p, or ...

Mark Byrne’s attempt to buy a 25 percent stake in Bermuda-based Omega Insurance Holdings was hanging in the balance last night. Early yesterday, the offer of Mr Byrne’s investment vehicle Haverford Bermuda Ltd to acquire a quarter of the insurer’s sh...

American International Group Inc’s property-casualty unit Chartis is issuing $575 million worth of catastrophe bonds to increase its protection against natural disaster claims. In January this year, Chartis listed a $450 million catastrophe bond thro...