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Secrecy surrounds the closure of a government concession at a public golf course that has now lasted several weeks. Members say that the closure came abruptly nearly a month ago when a large police contingent descended upon the licensed premises in D...

The bankrupted branded apparel, footwear and brand management company Global Brands Group Holding Limited (GBG), has been formally put into liquidation by the Bermuda Supreme Court after football legend David Beckham and music and business impresario...

A government Throne Speech promise to introduce a digitised immigration application process in this session of parliament has been welcomed by the business community. Just last month, 11 government employees were recognised for their drive to make go...

The concern that world leaders are unable to come together to agree on, and resolve, the earth’s climate change challenges has been somewhat mitigated during the UN Climate Change Conference (COP26) in Glasgow by other groups, including the (re)insur...

After surviving recessions, a global economic downturn, a pandemic and a crippling stroke, how will the big boss celebrate today’s 40th anniversary of business at Selley’s Boat Trailer Service? The well-known owner had an answer that was vintage Mark...

A Bermudian businessman who was accused in the United States of a $135 million fraud in 2018 has now been told by authorities in the Cayman Islands that he, and two other directors of his failed company, Alpha Re, are “not fit and proper” to hold any...

The sale of Bermuda-based reinsurer PartnerRe to French mutual insurer Covéa for $9 billion is set. A statement on the Exor website said that the transaction would reinforce PartnerRe’s strategy, further confirming its status as one of the world’s l...

A leading rating agency has predicted that 2022 will bring the fifth consecutive year of premium rate increases for property catastrophe cover in 2022, and predicted that they will be double-digit rate increases. Fitch Ratings also said that it expec...

An insurance boss has complained that even though rates have hardened, they remain too low. Richard Brindle highlighted the rising catastrophe risks in an era of increasingly evolving climate-change exposures and said that there are inadequate rates ...

The Bermuda-based Aeolus Keystone fund, which specialises in property catastrophe insurance coverage, is about to lose a key client as a result of Monday’s vote of the Arkansas Teacher Retirement System's trustees. After advice from a consultant, the...