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Reinsurance

AOG reports $3.4m net income

Bermudian-based holding company says that is down from net income of $4.3m in the prior-year quarter

Bermudian-based holding company says that is down from net income of $4.3m in the prior-year quarter

• Jan 01, 2025 11:32 AM

Reinsurance

BMA to consult on changes to IILT and IIGB regulatory regimes

The island’s financial services regulator has set a deadline for comments of February 28

The island’s financial services regulator has set a deadline for comments of February 28

• Jan 01, 2025 11:22 AM

Reinsurance

Kettle appoints Jeff Chen

Industry veteran with nearly two decades of experience becomes chief risk officer at the AI-enabled insurance and reinsurance provider

Industry veteran with nearly two decades of experience becomes chief risk officer at the AI-enabled insurance and reinsurance provider

• Jan 01, 2025 11:10 AM

Year in Review

Business 2024: AI, AI, AI ...

Artificial intelligence ushers in a transformation that promises to reshape how the country goes about its custom

Artificial intelligence ushers in a transformation that promises to reshape how the country goes about its custom

• Jan 01, 2025 8:48 AM

Bermuda Stock Exchange

Butterfield down on NYSE

The bank’s share price dipped by four cents to close the year at $36.55 on the New York Stock Exchange

The bank’s share price dipped by four cents to close the year at $36.55 on the New York Stock Exchange

• Dec 31, 2024 5:50 PM

Local Business

Company hit with $600,000 penalty for regulation failures

The Bermuda Monetary Authority imposes the penalty on Meritus Trust Company Ltd but says it has remediated the issues of concern

The Bermuda Monetary Authority imposes the penalty on Meritus Trust Company Ltd but says it has remediated the issues of concern

• Dec 31, 2024 8:08 AM

Reinsurance

BMA: long-term insurers’ assets increased 15.6% in 2023

The figure is included in the financial services regulator’s market analysis and stress-testing report

The figure is included in the financial services regulator’s market analysis and stress-testing report

• Dec 31, 2024 7:59 AM

Bermuda Stock Exchange

Butterfield down on NYSE

The bank’s share price fell by 27 cents to close at $36.57 on the New York Stock Exchange

The bank’s share price fell by 27 cents to close at $36.57 on the New York Stock Exchange

• Dec 30, 2024 5:35 PM

Reinsurance

Bermuda veteran Grace Hanson cofounds Elysian start-up

Previous stops for the claims expert include Hiscox Group, Allied World and AIG

Previous stops for the claims expert include Hiscox Group, Allied World and AIG

• Dec 30, 2024 3:56 PM

International Business

Two insurance firms to combine

Bermudian-based Maiden Holdings Ltd will combine with US-based Kestrel Group LLC

Bermudian-based Maiden Holdings Ltd will combine with US-based Kestrel Group LLC

• Dec 30, 2024 3:40 PM

Reinsurance

Bermuda Captive Network to hold education summit

Registration for the January 21 event is set to open on January 7

Registration for the January 21 event is set to open on January 7

• Dec 30, 2024 11:07 AM

Reinsurance

Strong appetite for catastrophe reinsurance renewals

January 1 renewals were consistently oversubscribed as reinsurer appetite increased by up to 15 per cent

January 1 renewals were consistently oversubscribed as reinsurer appetite increased by up to 15 per cent

• Dec 30, 2024 11:06 AM

International Business

Harvard journal makes island poverty claim

Harvard International Review cites huge insurance industry and poverty in Bermuda

Harvard International Review cites huge insurance industry and poverty in Bermuda

• Dec 30, 2024 8:00 AM

Local Business

Government issues RFP for new Mill Creek canal seawall

Authorities expect the execution of an agreement with a successful bidder by mid-February

Authorities expect the execution of an agreement with a successful bidder by mid-February

• Dec 29, 2024 6:00 PM

International Business

Tether invests in island-based emerging technology fund

Arcanum Emerging Technologies Fund II (Offshore) ISA is dedicated to nurturing the next generation of decentralised technologies

Arcanum Emerging Technologies Fund II (Offshore) ISA is dedicated to nurturing the next generation of decentralised technologies

• Dec 29, 2024 3:00 PM

Reinsurance

Fidelis closes catastrophe bond

This is the sixth series of notes issued by Herbie Re and will provide $375 million of collateralised reinsurance protection

This is the sixth series of notes issued by Herbie Re and will provide $375 million of collateralised reinsurance protection

• Dec 29, 2024 2:00 PM

Reinsurance

Frank Lamantia joins Hiscox

Industry veteran is to assume the position of chief technology officer in the United States

Industry veteran is to assume the position of chief technology officer in the United States

• Dec 28, 2024 2:22 PM

Reinsurance

Canopius appoints Olivia Brindle

The company says she will be responsible for its internal and external sustainability initiatives

The company says she will be responsible for its internal and external sustainability initiatives

• Dec 28, 2024 2:21 PM

Personal Finance

Sandwich Generation: stuck in the middle

Carla Seely considers the challenges of people financially stretched by responsibilities for their children and their parents

Carla Seely considers the challenges of people financially stretched by responsibilities for their children and their parents

• Dec 28, 2024 8:00 AM

Personal Finance

Five ways to stick to your new year’s resolutions

Personal finance expert Dave Ramsey has some solid tips on how to achieve your goals

Personal finance expert Dave Ramsey has some solid tips on how to achieve your goals

• Dec 28, 2024 7:59 AM

Bermuda Stock Exchange

Butterfield down on NYSE

The bank’s share price dipped by 57 cents to close at $36.84 on the New York Stock Exchange

The bank’s share price dipped by 57 cents to close at $36.84 on the New York Stock Exchange

• Dec 27, 2024 5:35 PM

Reinsurance

BMA is to consult on changes to public disclosure regime

The island’s financial services regulator said it invites feedback from stakeholders on the proposed framework

The island’s financial services regulator said it invites feedback from stakeholders on the proposed framework

• Dec 27, 2024 1:46 PM

Local Business

Yo, ho, ho: Claire introduces new rum cake line

The owner of the Bermuda Triangle Shop in Dockyard wants to sell a consumable product

The owner of the Bermuda Triangle Shop in Dockyard wants to sell a consumable product

• Dec 27, 2024 8:00 AM

Personal Finance

Cheap healthcare stocks a good long-term buy

Bryan Dooley looks at the performance and potential of healthcare stocks in the coming Republican-controlled US Government

Bryan Dooley looks at the performance and potential of healthcare stocks in the coming Republican-controlled US Government

• Dec 27, 2024 7:59 AM

Reinsurance

Enstar subsidiary completes deal with James River Group

The adverse development cover agreement was first announced last month

The adverse development cover agreement was first announced last month

• Dec 26, 2024 8:22 PM

International Business

Nasdaq de-lists Altamira shares

Bermudian-based biotechnology company was found to be in breach of the exchange’s listing rules

Bermudian-based biotechnology company was found to be in breach of the exchange’s listing rules

• Dec 26, 2024 5:00 PM

Reinsurance

Axa XL appoints Tellekamp

He leads Axa XL’s combined construction and energy underwriting and risk engineering teams in the large commercial space

He leads Axa XL’s combined construction and energy underwriting and risk engineering teams in the large commercial space

• Dec 26, 2024 12:48 PM

Reinsurance

Martin Reith joins Acrisure

Bermuda market veteran has approximately 40 years of industry experience, having held leadership roles in underwriting, distribution and alternative capital

Bermuda market veteran has approximately 40 years of industry experience, having held leadership roles in underwriting, distribution and alternative capital

• Dec 26, 2024 12:44 PM

Reinsurance

RiverStone in deal with Zurich

Bermudian-based company plays a vital role in a loss portfolio transaction

Bermudian-based company plays a vital role in a loss portfolio transaction

• Dec 26, 2024 12:36 PM