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The Covid pandemic axe has fallen on a major cruise ship line. Representatives for its principals are this week in Bermuda’s Supreme Court scrambling to save the company from going bust. Crystal Cruises, the subsidiary, had its ship Crystal Serenity ...

The multilateral agreement to establish a global minimum tax is expected to have a negative effect on Bermuda, according to a leading ratings agency. In a review of the eight reinsurers followed by Fitch Ratings, the agency states that Bermuda’s adva...

The Bermuda Stock Exchange celebrated a major milestone, had record Insurance Linked Securities business, continued its growth in international debt listings and joined the Pyth Network in a year its operations were moved to new headquarters in the E...

Covid has struck a second branch of HSBC Bank. The Church street branch has been closed for days, with no indication when staff will be allowed to return to work. And the bank said Sunday that the Somerset Branch will now also be closed until Wednes...

A bidder for troubled cable television provider World on Wireless Limited has emerged which may prevent the company from going out of business. Following a winding up petition the company filed at the Supreme Court, Michael Morrison and Charles Thre...

A UK student campaign with branches at 50 UK universities is seeking an agreement from Stephen Catlin at Convex Insurance – a global insurer with a major presence in Bermuda – to pull away from insuring a controversial Australian coalmine. But Convex...

The Government needs to stimulate economic growth with a focus on international business and tourism to avoid a debt crisis, analysts have warned. But investment managers Anchor Investment Management say in their most recent message to clients that t...

The Corporation of Hamilton supports Government plans to revitalise North East Hamilton, but officials in the municipality caution that the plans need to be adequately financed if they are to bear fruit. The comment from Dwayne Caines, chief executi...

The OECD’s effort to push through the controversial global minimum tax model rules may come to an abrupt halt, after the world body received a warning that the rules are not expected to work as intended. The OECD (Organisation of Economic Co-operatio...

The reinsurance market is now projecting, through public reporting, that the total ultimate Covid-19 loss estimate will be about $48.2 billion, but allocated to the 2020 reporting year. A significant amount of this total — $18.9 billion (39 per cent)...