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Bermudian-based Fidelis Insurance Holdings Ltd has expanded its capital base with an investment from The Travelers Companies Inc. Fidelis said the American insurance giant has made a “strategic minority investment” in the company. Terms of the deal w...

The board of directors of Somers Limited, the financial services investment holding company, has authorised the repurchase of up to 100,000 shares through a further share repurchase programme. In a filing with the Bermuda Stock Exchange, Somers said ...

Financial services investment Somers last month bought 3,700 of its own shares for cancellation. The firm, which owns the Bermuda Commercial Bank, said it paid an average price of $13 a share.

Dear Sir, I refer to an article in the Business section of the Gazette (July 29), wherein a quote by Barclay Simmons, Butterfield’s vice-chairman and a senior independent director is quoted as saying: “Since Brendan [McDonagh] took on the CEO role, h...

BF&M Limited announced net income of $4.4 million for the three-month period that ended March 31 yesterday. The domestic insurance sector has been active this week. On Monday Argus announced earnings of $12.6 million for the year ended March 31, com...

Bermuda-based re/insurer Alterra Capital Holdings expects to make a full-year profit of around $300 million for 2010, the company announced yesterday. In a letter to shareholders, published yesterday, Alterra chief executive officer Marty Becker said...

Bermuda-based re/insurer Endurance Specialty Holdings Ltd has agreed to pay $321.5 million to buy out the approximately 15 percent stake of Perry Corp, one of its founding shareholders. Endurance will buy back 7.14 million shares and options to buy 1...