Bermuda First Investment Company Ltd (BFIC) recorded a $0.8 million profit for the first six months of its fiscal year — but saw the value of its investments fall by $4.3 million.
The company, which i...
The Bermuda Government will pay more than $310,000 per day in interest on its growing mountain of debt in the coming fiscal year.
And despite the $70 million of cuts in public spending announced yeste...
The number of jobs in Bermuda fell by 921 last year, preliminary data from a survey of businesses shows.
But the Ministry of Finance is projecting that Bermuda’s economy is likely to emerge from a fiv...
Bermuda-based mortgage insurer Essent Group Ltd recorded a profit of $65 million last year, bouncing back from a loss in the previous year.
Chairman and CEO Mark Casale described 2013 as “a landmark y...
Where are all the people looking for work in the construction industry?
That is the question being posed by Alex DeCouto, president of Greymayne Contracting, who launched an employment agency for his ...
The Bermuda reinsurance industry has been criticised by a Florida state legislator who describes as “simply insane” plans for the state-run catastrophe fund to buy up to $1.5 billion in private reinsu...
A Bermuda-based fund that invests in reinsurance-related products earned a return of more than 20 percent for its shareholders in 2013.
CATCo Reinsurance Opportunities Fund Ltd said yesterday that its...
Bermuda registered 1,200 new companies last year — the most in five years.
Education and Economic Development Minister Grant Gibbons said it was “one more sign that Bermuda is moving in the right dire...
Bermuda-based Endurance Specialty Holdings Ltd annual earnings more than doubled to $279.2 million as the company benefited from lower catastrophe claims.
The company, which has undergone a major mana...
XL Group’s annual earnings topped $1 billion for 2013, up more than 60 percent from the previous year.
The global business insurer’s CEO Mike McGavick described it as “another year of solid progress”....
