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Hurricane and storm losses brought record claims for BF&M Ltd last year and their impact continued to be felt by the company in the shape of higher reinsurance costs during the first quarter. The company has reported a net income of $3.1 million for ...

Axis Capital is among the finalists for the Institutional Investor magazine’s 16th Annual Hedge Fund Industry Awards. The awards will be awarded in New York City on June 28. Bermudian-based Axis Capital is one of four finalists in the Insurance Inves...

Clarien Bank has reported a full year profit of $3.9 million, up 220 per cent compared to 2016. In a statement the bank said it had made significant investments in expanding its product portfolio, enhancing operational efficiencies and “maintaining d...

Hiscox has accused Yuval Abraham, a former executive who was based in Bermuda, of misappropriating more than $1.8 million. The Bermuda Supreme Court ordered a worldwide freezing of Mr Abraham’s assets on April 25 this year, on the same day that three...

Plans to install new generators at Belco have been given the go ahead. The application proposed four new 14 megawatt dual-fuel diesel engines, to be installed in a new powerhouse with a 65-metre chimney on the Belco site between Cemetery Road and St ...

Drinks giant Bacardi has won Bermuda’s corporate blood drive campaign for a second year in a row. Eighteen companies took part in the sixth annual drive, which saw the highest number of donations since the competition began. Lisa Frias, Bacardi’s man...

The Chubb Select programme has named the six Bermudian students for its 2018 internship. The ten-week programme, now in its sixth year, will provide the students with the foundational competencies necessary to build their career and a well-rounded kn...

Clarien Bank said today it would raise its Bermuda dollar mortgage rates by quarter of a percentage point, while Butterfield will increase Bermuda dollar corporate loans and US dollar loans by the same amount. The announcements came after the US Fede...

David Furby, who was president of Bermudian-based Ace Tempest Re Group between 2002 and 2005, is to lead Chubb in the European region. Mr Furby has been named as regional president, European Group, and takes on his new role on July 1. He is currently...

Andrew Coutts has joined XL Catlin’s insurance operations as global practice leader for Cargo. He previously worked as a cargo underwriter for Brit Global Specialty. Robert McAdams, XL Catlin’s chief underwriting officer for Global Marine, said: “In ...

XL Catlin’s insurance operations has launched Auto Terror Protect — an insurance solution for companies with fleets of vehicles which could be used as a weapon in a terrorist attack. It is aimed at fleet operators, vehicle rental companies, haulage a...

Bermudian-based staff of XL Catlin stepped away from their desks to give back to the community during the company’s Global Day of Giving. “Even though the Global Day of Giving is in its thirteenth year, it never gets old,” said Patrick Tannock, chair...