Expect more merger activity in a tough insurance industry that is getting tougher, top executives told conference delegates in Hamilton yesterday.
A wave of consolidation has swept through Bermuda’s f...
Broad-based tax increases were among the key recommendations of an independent report on the Bermuda’s Government’s efforts to stabilise its finances.
The Fiscal Responsibility Panel (FRP), made up of...
A new advisory body set up to help Bermuda safeguard its economy from systemic risks met for the first time yesterday.
The Financial Policy Council (FPC) will aim to monitor areas of potential financi...
Axis Capital Holdings Ltd will repurchase up to $750 million of its own shares by the end of next year.
The Bermuda-based insurer and reinsurer also raised its quarterly dividend by 21 per cent to 35 ...
Bermuda was “a natural choice” as a home for Qatar Re, said the reinsurer’s chief executive officer yesterday as it completed its redomiciling to the Island.
Gunther Saacke added that Bermuda had “dec...
Declining energy prices have dampened the rate of inflation to a six-year low.
The rate of inflation slid to 1 per cent in September, according to Government statistics released today.
That is the low...
Bermuda-based shipping company Teekay Tankers Ltd saw its profit rise in the third quarter as spot charter rates for its oil and gas tankers increased.
Teekay, which owns 51 tankers of various sizes, ...
XL Group reported a slump in third-quarter net income as a $96 million hit from the Tianjin explosion and integration costs related to its merger with Catlin took their toll.
Net income in the first c...
Retail sales rose in August, year over year, for the twelfth successive month, reinforcing the trend of increased consumer spending.
After being adjusted for inflation, sales were up for a ninth succe...
Business leaders believe the economy is moving in the right direction and consumer confidence has hit an eight-year high, according to a snapshot of results from a Bermuda survey.
The HSBC Business C...
