John Oros has resigned as executive chairman of Bermuda-based run-off specialist Enstar Group Ltd., to be replaced by the company's chief executive officer Dominic Silvester.
Mr. Oros will also step d...
Butterfield Bank chief executive officer Brad Kopp says the bank has bolstered its risk management structure to try to ensure there can be no repeat of the investment meltdown that brought the bank cl...
Consumers continue to tighten their purse strings and spend less at the stores — a trend that has been going on for more than two years.
Sales at retail outlets fell in June for the 15th consecutive m...
Bermuda-based Allied World Assurance Company Holdings Ltd. has repurchased $250 million of its common shares from some of the company's founding shareholders.
The company bought five million shares fr...
Butterfield Bank is on the road to recovery and hopes to end the year with a return to profitable growth, says chief executive officer Bradford Kopp.
Last week, the bank scraped a second-quarter profi...
Bermuda-based Enstar Group Ltd. reported a more than 40 percent rise in net earnings for the second quarter.
The company, which specialises in acquiring and managing insurance and reinsurance companie...
Butterfield Bank eked out a $200,000 profit in the second quarter as the bank's revenues were squeezed by low interest rates.
After dividends paid out on preference shares were taken into account, the...
Re/insurer Hardy Underwriting Bermuda Ltd. said yesterday that first-half pretax profit declined 90 percent to £0.8 million ($1.3 million).
The company was hit by around $80 million in losses from two...
XL Group plc has no plans to relocate senior executives from Bermuda to Ireland, following the move of the company's holding company to Dublin.
The global business insurer's chief executive officer M...
The Bermuda Government's mounting debt problem can be traced back a few years to when the economy was booming, according to the Bermuda Chamber of Commerce.
In a statement on Finance Minister Paula Co...
