Government has raised its statutory debt ceiling to $1.25 billion — up 25 percent.
Bermuda governments have traditionally tried to keep the limit inside 10 percent of gross domestic product, but the l...
Government is expecting the Island's economy to come out of recession and grow by up to one percent in the coming year, after it shrank by an estimated 2.5 percent last year.
According to the outlook ...
Payroll tax is to rise two percent to 16 percent, Finance Minister Paula Cox announced in her Budget statement this morning.
Government has also raised its debt ceiling by 25 percent to $1.25 billion,...
Climate change is a major concern on the minds of global insurance bosses, according to Axis Capital Holdings Ltd. chairman Michael Butt.
Many big insurance companies are working closely with scientis...
The World Insurance Forum (WIF) is coming back to Bermuda with a brand new format and a host of international industry leaders signed up for its discussion panels.
After the eighth conference was held...
The Bermuda insurance market bounced back in spectacular fashion in 2009, with a massive swing to profit.
A group of 17 US-listed property and casualty re/insurance companies who are based on the Isla...
The Island's three biggest domestic listed companies each saw millions wiped off their market value on Friday, as the Bermuda Stock Exchange Index plunged to its lowest point in nearly a decade.
Both ...
The Bermuda Stock Exchange (BSX) plunged to its lowest level in nearly a decade yesterday, as Butterfield Bank shares fell more than nine percent.
The Royal Gazette / BSX Index fell 4.6 percent in yes...
Read our lips: No new taxes.
That is the message from Bermuda's employers to Finance Minister Paula Cox, who will announce her Budget for the 2010/11 fiscal year next Friday.
Bermuda Employers' Counci...
Validus Holdings Ltd. last night reported a near 17-fold increase in annual profits as the reinsurer saw benefits from last September's acquisition of IPC Holdings.
Validus said net income for 2009 wa...
