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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....

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...