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“Cow never know the use of its tail till it’s gone” An old Caribbean saying speaking of how people take things for granted until they no longer have them. The passing of hurricanes Irma and Maria have left nearly four million in the Caribbean without...

A former top executive of the US Central Intelligence Agency has joined the board of Butterfield Bank. Meroe Park has been appointed as a non-executive director. She was most recently the executive director of the CIA, serving as the agency’s chief o...

PartnerRe Ltd has estimated combined catastrophe losses of approximately $475 million from its exposure to hurricanes Harvey, Irma and Maria for the third quarter. The company, which is owned by Italian investment firm Exor, stressed there was signif...

The former group chief financial officer at Novae Group has joined American International Group as head of reinsurance, operations and transformation, general insurance. Charles Fry has also served as chief operating officer of Guy Carpenter among hi...

Paul Stafford is the new chief executive officer of Digicel’s operations in Bermuda. He is Digicel Bermuda’s third CEO since July 2014, and he will also lead the Bermuda Telephone Company. Mr Stafford replaces Robin Seale, who served as CEO from 2015...

Bermudian reinsurer RenaissanceRe Holdings Ltd expects to book around $625 million in catastrophe losses for the third quarter, related to three hurricanes and an earthquake. The company today released preliminary estimates for losses of $225 million...

Sompo International Holdings Ltd has launched a new insurance platform and global clearance system, as it aims to offer clients options across insurance and reinsurance markets to help them manage their risks. SIH, which is based in Bermuda, was esta...

XL Catlin has been named as the Bermuda Insurer of the Year by insurance industry trade publication Reactions magazine. The award was presented to Patrick Tannock, XL Catlin’s managing director and CEO of XL Bermuda Ltd, Insurance, at a ceremony in N...

NEW YORK (Bloomberg) — American International Group is no longer too big to fail. That was the ruling on Friday from the Financial Stability Oversight Council, which said AIG, whose collapse in 2008 reverberated throughout the US economy, was no long...

Butterfield Bank’s ATM and card processing point-of-sale services are up and running again after technical issues caused problems for customers earlier today. Customers this morning found that their bank cards were not working when paying for items ...

Mahesh Madhavan has taken over from Michael Dolan as chief executive officer of Bacardi. The spirits giant, which has headquarters on Pitts Bay Road, had first announced the planned transition in March. Mr Dolan has retired after holding the CEO’s r...

A team of Belco linemen will jet to the British Virgin Islands today to help with hurricane repairs. The crew will work with the BVI Electric Company to restore the power grid hammered by hurricanes Irma and Maria. Vice-president of grid operations...