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For the second time in little more than a year, Moody’s Investors Service has downgraded the rating for the Government of The Bahamas, this time because of a higher degree of government liquidity risk. The long-term issuer and senior unsecured rating...

The Cayman Islands Economics and Statistics Office has estimated an unemployment rate of just 3 per cent in the first half of this year as the holiday destination reopened for tourism, the Cayman Compass has reported. The drop in unemployment for Cay...

KPMG has announced a raft of new appointments in addition to the retirement of managing director Damion Henderson, who had been in the role since 2008. Two new managing directors are Bron Turner and Ian Gardner. Meanwhile, new directors on the team a...

A rating agency has pledged to continue to monitor the status of the strategic review launched this summer by domestic insurer BF&M through to completion. AM Best said it will then evaluate the potential impact to BF&M’s rating fundamentals. The agen...

Bermuda was formally removed from the grey list by the Council of the European Union yesterday, as it added Anguilla, the Bahamas and Turks & Caicos Islands to the black list. The council said in a statement: “The commitment of Bermuda with regard to...

The man who brought Arbitrade to Bermuda is fighting two new legal challenges, both filed against him and his company and associates last week in two separate jurisdictions. The Securities and Exchange Commission filed charges in the United States Di...

A half-century-old Bermuda insurer, set up in the 1970s to finance the risks of the world’s oil companies, today faces criticism from climate activists for its backing of the most controversial new oilfields in the North Sea. But the company has told...

There appears to be some relief in sight for importers and eventually consumers, as there are signs that the costs of containers across major shipping routes are plunging, The Economist is reporting. Analysts believe it may mean some relief for globa...

AltFi Capital Management Ltd has launched AltFi Capital Opportunities Ltd, a Bermuda Professional Class B fund. Founded and based in Bermuda, AltFi is an alternative investment manager with a specialisation in digital assets. AltFi offers investors ...

A leading catastrophe modeller says Hurricane Ian’s total costs will exceed $100 billion and be the most expensive hurricane Florida has ever seen. And the Karen Clark & Company flash estimate has now put the privately insured losses from the hurrica...