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Catastrophe losses from mudslides in California impacted first quarter income for Chubb Ltd. The company has reported a profit of $1.08 billion, or $2.30 per share, for the first three months of the year. That is $11 million lower than the net income...

John “Jack” Kuhn has been appointed to the new role of chief underwriting officer for Sompo International’s property and casualty business. The Bermudian-based company said Mr Kuhn would also continue to hold the post of chief executive officer, glob...

Bermudian-based Sompo International Holdings Ltd is to open a new subsidiary in Luxembourg as a Brexit-proof platform for growth in Europe. The insurer and reinsurer said today it had received regulatory approvals from Luxembourg’s Ministry of Financ...

Butterfield Bank’s first-quarter net income rose nearly 10 per cent year over year, as the bank earned more in net interest income and spent less on salaries. Net income for the first three months of the year was $44.2 million, up from $40.3 million ...

Ascendant Group Ltd’s financial performance improved on the back of strong growth in its unregulated businesses. The company said today that core earnings for 2017 were $18.8 million, up nearly $5 million, or 43 per cent, on 2016. Core earnings broke...

Bacardi Ltd has been named among the most reputable companies in the world for the sixth consecutive year. The global alcoholic beverages giant, whose headquarters is on Pitts Bay Road, ranked 89th in the annual Global RepTrak 100 list compiled by th...

Every time Digicel installs new fibre-optic directly to a home the aim is to do more than bring a high-speed connection to the customer, according to company managers. Technicians strive to tick a list of boxes that include completing installations i...

Revised plans for a North Power Station at Belco have claimed that work could be completed next autumn — and pave the way to a potential move to natural gas as a fuel source. Planning documents estimate that the construction project will involve arou...

Bermudian insurer and reinsurer Axis Capital Holdings has staked its claim to seize a share of the emerging cyber-insurance market. The company today announced the launch of the Axis Cyber Centre of Excellence, which will be led by Dan Trueman, globa...

Telecoms firm One warned today customers in the West End will have service interruptions next week. A spokesman said work at the new entrance to the Morgan’s Point resort development would affect customers in the Pompano area of Southampton to Dockya...

BF&M Ltd dealt with record high claims last year after ferocious hurricanes wreaked a trail of destruction in many of the territories in which the insurer operates. However, despite the impact of hurricanes Irma and Maria, the Bermudian-based firm ma...

Bermudian reinsurer RenaissanceRe is working with catastrophe modelling firm AIR Worldwide in a joint effort to enhance the insurance industry’s modelling of long-tail casualty risk. “Since our inception, RenaissanceRe has been at the forefront of ap...