Finance Minister Paula Cox has described the current global financial turmoil as a "perfect storm" and says that says Government is looking at ways to help Bermudians protect their income during the d...
Bermuda is not immune from the global financial turmoil that has plunged world markets into free fall, but the Island's international business sector could emerge well from the global carnage.
That is...
US share prices plunged yesterday to complete the steepest five-day fall in the history of the Dow Jones Industrial Average as the credit crisis deepened.
Investors were unimpressed by the US Federal ...
A subsidiary of Bermuda-based insurer American Safety Insurance has been hit with a $250 million lawsuit in California.
The case, which has been brought by PMA Capital Insurance Company, revolves arou...
American International Group chief executive officer Edward Liddy's phone is likely to be ringing off the hook with offers from insurance companies around the world looking to buy off pieces of the gl...
Bermuda insurers RenaissanceRe, Platinum Underwriters and Allied World Assurance Company last night revealed their initial loss estimates resulting from Hurricanes Gustav and Ike.
RenRe expects its co...
Warwick has a new hardware store, following the grand opening of Sargasso Supplies on Saturday.
The store is located in the Middle Road premises formerly occupied by Fisher's Hardware.
Sargasso is par...
An estimated 500 people attended the Bermuda reception in Monte Carlo as reinsurers and brokers met in a social setting to discuss industry issues.
According to Robin Spencer-Arscott, who organised th...
Ace Ltd. is being sued for $133 million at the Grand Court of the Cayman Islands by the Receiver of the Liberian operations of Cigna Worldwide Insurance Company — a complaint that has already been rej...
Property developer Michael Bradshaw is hoping that Prosperity Heights — his new residential development officially opened yesterday — will breathe new life into the area of North Hamilton where he was...
