America’s Cup fever boosted sales in clothes and tourist-related stores in October.
Sales revenue in clothes stores rocketed by more than a third and around 12 per cent of the total was attributed to ...
Ratings agency AM Best has maintained its negative outlook for the reinsurance sector for next year.
It said that ongoing market challenges will hinder the potential for positive ratings action and mi...
A lighting specialist has branched out into home decor.
ESC Ltd’s new Escape division is proving a hit with customers after just a few weeks in business.
“It’s going really well — better than expected...
The high cost of meeting international standards on insurance regulation is a concern, ratings agency AM Best said today.
And a special report on the Island’s bid to achieve Solvency II equivalence in...
All ten graduates who were this year awarded scholarships by the Bermuda Foundation for Insurance Studies (BFIS) have secured jobs in the industry.
BFIS chairman Gail Martin said that all the students...
Bermuda-based Ironshore insurance and its affiliated companies are to remain under review with negative implications, ratings agency AM Best said yesterday.
The agency said that Ironshore’s financial ...
Catalina Holdings (Bermuda) has completed its acquisition of a Swiss reinsurance company.
The deal was completed after approval by Swiss regulators for the takeover.
Catalina has bought Allianz Suisse...
Bermuda-based BCB Holdings is to change its name.
The firm is to become Caribbean Investment Holdings.
A spokesman said the board believed “the new name is better suited to the company’s strategic foc...
PartnerRe has become the Bermuda-based reinsurer this week to announce it is setting up a branch office in oil-rich Dubai.
The firm received approval to open an office from Dubai regulators and will b...
Butterfield Bank will not raise residential mortgage rates in the wake of the US Federal Reserve hike of 0.25 of a percentage point.
Speaking after the first Fed increase in nearly a decade, a Butterf...
