In the short term Bermuda should not be overly concerned that ratings firm Moody’s has placed the Island’s Aa2 rating on review for possible downgrade, but if the economy does not improve then major c...
Traditional reinsurers are facing challenges to their profit margins as capital flows into the market from a variety of sources, including catastrophe bonds, according to Willis Re, the reinsurance ar...
Finance Minister Bob Richards has responded to news ratings firm Moody’s has placed Bermuda's Aa2 government bond rating on review for possible downgrade.
Moody's Investors Service said that the revi...
Ratings firm Moody’s has placed Bermuda’s Aa2 rating on review for possible downgrade, citing concerns at the rise in government debt and the Island’s ongoing recession.
The warning comes only days af...
It is less than eight years since the first Buzz cafe opened. The company’s newest outlet, its 11th, is now doing business inside the Esso gas station at the Crawl in Hamilton Parish.
The gas station ...
Half a century ago Batson Swan would regularly emerge from a hole in the wall in the Walker Arcade on Front Street and stroll around the block in his overalls hoping someone would need a plumber.
Fift...
Important lessons for insurers and reinsurers have emerged in the wake of Hurricane Sandy, which accounted for almost half of all insured losses worldwide in 2012.
The world’s second-largest reinsurer...
A soon-to-be implemented European directive affecting alternative investment fund managers is set to be signed, in a cooperation agreement capacity, by the Bermuda Monetary Authority.
The move by the ...
The departure of exempt company employees from Bermuda’s shores, coupled with the continuing contraction of the economy, has claimed another business casualty.
Curves fitness studio for women, based i...
The Bermuda-produced CD ‘Lennon Bermuda’ has struck the right note in the home city of John Lennon, and is being given airtime inside Liverpool Football Club’s Anfield stadium.
A copy of the 32-track ...
