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Confidence is growing that an economic recovery is under way in Bermuda, according to a long-standing quarterly survey. The Bermuda Omnibus Survey reveals that more than half of people — for the first time since well before the Island’s five-year rec...

Tokio Millennium Re’s (TMR) new US branch has received a licence to do business. The company, which has offices in Bermuda having been established on the Island in 2000, said yesterday that the US branch will focus primarily on non-catastrophe risks,...

Fitch Ratings said yesterday that its downgrade of Bermuda’s credit rating — announced last Friday — does not currently impact Fitch’s ratings of Bermuda-domiciled insurance companies. The Island’s international re/insurers are seen as “being highly...

Soaring health insurance premiums are a major driver of the increase in the cost of living, the latest Government statistics reveal. The Consumer Price Index, released by the Department of Statistics today, showed there was an average increase of 8.2...

More than 1,200 Bermuda-based banks, trust companies, insurers and investment entities have signed up with the US tax authorities to comply with a law designed to fight tax dodging by Americans. The US Treasury announced yesterday that about 77,000 b...

Endurance Specialty Holdings Ltd has increased the value of its takeover offer for fellow Bermuda re/insurer Aspen Insurance Holdings Ltd and is making moves to shake up the Aspen board of directors. Endurance’s move comes after Aspen’s board vehemen...

Dark n’ stormy and golf are a perfect match — and that is helping the Bermudian beverage company Gosling’s to drive up sales in the US with promotional spin-off benefits for the Island. Yesterday, Gosling’s — the maker of Black Seal Rum, one of the i...

Fast-growing Bermuda-based fund administrator Equinoxe Alternative Investment Services Ltd today announced a strategic relationship with Asia-focused HFO Pty Ltd that opens up significant expansion opportunities. HFO, a hedge fund services provider w...

Amlin plc warned on increasing competition in the property and catastrophe reinsurance market as it reported that gross premiums written grew five percent during the first quarter, driven by strong growth in its Bermuda unit. The British company’s op...

Good food, friendly service and Bermudian staff out front dealing with customers — that is the formula that has enabled the group that owns the Flanagan’s restaurant to expand through a lingering recession. Now Harbourside Holdings Ltd is preparing t...