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An investment firm hit by falls in the share prices of major Bermuda companies believes it is poised to benefit from any America’s Cup-assisted upturn in the Island’s economy. Bermuda First Investment Company Ltd (BFIC) today reported revenue of abou...

Fitch Ratings believes that merger and acquisition (M&A) activity may gather pace in the reinsurance sector after RenaissanceRe Holdings struck an agreement to acquire fellow Bermuda reinsurer Platinum Underwriters Holdings last month. Fitch said in ...

The potential for growth in Bermuda’s international business from the asset management sector is “huge”, according to industry expert Jessel Mendes. Mr Mendes, a partner with global professional services firm EY, said the foundations for expansion ha...

Finance Minister Bob Richards said that creating a public register showing beneficial ownership of companies would cause severe damage to the Island’s economy — unless others including the US, the UK and Canada are prepared to do the same thing. The ...

Both Fitch Ratings and Standard & Poor’s Ratings Services have affirmed the ratings of RenaissanceRe, after the Bermuda reinsurer announced its proposed $1.9 billion acquisition of Platinum Underwriters Holdings, Ltd. The two agencies’ assessments ru...

Hedge fund managers have cyber security fears and are facing increasing demand from investors for customised services. Those are among the findings of a report on the global industry by EY, entitled “Shifting Strategies: Winning investor assets in a ...

Bermuda-based technology start-up Trunomi wants to put people — rather than corporations — in control of their own personal data. In pursuing this vision, the firm has already created technology solutions that will make people’s dealings with financi...

RenaissanceRe Holdings Ltd is to acquire fellow Bermuda reinsurer Platinum Underwriters Holdings, Ltd in a $1.9 billion cash-and-stock deal, the companies announced yesterday. The deal is expected to close in the first half of next year. RenRe’s seni...

Investing in stocks systematically has its benefits — but global investment house Schroders believes that to generate consistent outperformance over time, human portfolio managers are still needed to work alongside the computers. Schroders puts those...

Stephen Catlin says reinsurance bosses should not be so worried about what the future holds for their changing industry. The founder and chief executive officer of Bermuda-based Catlin Group told conference delegates in Hamilton yesterday that fears ...