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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....

Rosh Capital Management is to set up a new reinsurer in Bermuda, backed by $600 million of family office capital. Reports in trade publications suggest Rosh Re Ltd will have an investment-oriented approach. Rosh Re’s lead investor, providing $600 mil...

About $12 billion of new capital has flowed into the re/insurance industry this year, most of it going to existing companies rather than start-ups. The estimate was put forward by Maamoun Rajeh, chairman and chief executive officer of Arch Worldwide...

The finance minister has given the green light to the takeover of Ascendant Group Ltd by a Canadian utilities firm, the final approval needed for the deal to go through. Ascendant revealed on October 5 that it had received approval from the Regulator...

Digitisation of money is gaining momentum across the world and Bermuda is at the cutting edge. That was one of the takes from session at the Bermuda Tech Summit, which focused largely on stablecoins, digital currencies backed by traditional currencie...

Employment income plunged by more than $113 million during the second quarter as restrictions to curb the spread of Covid-19 sparked a wave of layoffs and reduced hours. Data released by the Department of Statistics offer a glimpse into the economic ...

Regulatory issues for the insurance industry will be the topic of conversation when the Association of Bermuda Insurers and Reinsurers hosts a virtual “seaside chat with Jonathan Dixon, secretary-general of the International Association of Insurance ...

Bermudian reinsurers expect to pay out hundreds of millions of dollars in claims related to hurricanes and wildfires during the third quarter. RenaissanceRe, Axis Capital and Arch Capital each gave estimates on losses that will impact their third-qua...