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Most borrowers are bearing up well under the economic strain of the Covid-19 pandemic, a survey by Butterfield Bank found. A six-month period when Butterfield allowed mortgage holders to defer monthly repayments has come to an end. In a third-quarter...

Bermudian-based White Mountains Insurance Group Ltd has received a cash boost from yesterday’s initial public offering from US insurtech firm MediaAlpha. The Bermudian company offered 2.99 million of its MediaAlpha shares as part of the IPO, which w...

Demand for luxury properties is heating up as the island’s success in curbing the spread of Covid-19 adds to its appeal as a place to live. Coldwell Banker Bermuda Realty has seen great interest in high-end properties from prospective overseas buyers...

Luxury hotel The Loren will keep its focus on the local market into next year after a successful summer for staycations. In June, the Smith’s resort was the first Bermuda hotel to reopen after lockdown, offering special rates and packages to tempt i...

Axis Capital Holdings announced a net loss of $73 million for the third quarter as catastrophe losses took a heavy toll. The Bermudian-based re/insurer said estimated net pre-tax catastrophe and weather-related losses totalled $240 million. Hurricane...

Two mortgage insurers have sponsored a total of $740 million of insurance-linked securities admitted for listing on the Bermuda Stock Exchange in the past week. Genworth Mortgage Insurance and Radian Guaranty, both secured collateralised mortgage rei...

The prevalence of working from home is raising concerns about how new employees can learn a corporate culture and assimilate into teams. Executives speaking on a virtual panel at the Bermuda Insurance Institute’s Fall Conference agreed that remote wo...

New global rules that would force many Bermudian-based multinational companies to pay more tax have a good chance of becoming reality, despite the challenges of the required international consensus, says one of the island’s leading corporate tax expe...

Abbie Sheppard visited Bermuda for what was supposed to be a brief vacation in July and ended up not going home to London. The chief of staff of tech start-up Cameo arrived on the first flight from Britain after the reopening of LF Wade International...

Retail sales rose in July on the back of pent-up demand for construction materials and a spike in boat purchases. After adjusting for inflation, retail sales volume was up 1.5 per cent from July 2019. In value terms consumers spent an estimated $105....