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Reinsurance firm RenaissanceRe yesterday posted $69.4 million in profits for the last quarter of 2016 — $22.8 million down on the $92.2 million for the same period of 2015. The company said that Hurricane Matthew, a Category 5 storm that cut through ...

Allied World Assurance this evening posted a loss of nearly $41 million in the last quarter of 2016 and in the run-up to its acquisition by a Canadian investment and insurance company. The net loss of $40.9 million, or 47 cents per diluted share, for...

Corporate services providers may have to up their insurance cover in the wake of new government regulations, an island insurance firm warned yesterday. Freisenbruch-Meyer said that the new rules, which come into effect at the start of October, were d...

The Dining Room at Gibbs Hill Lighthouse is to reopen tomorrow after major renovations. The Southampton restaurant, known for its breathtaking views as well as fine dining, has been shut for four months for a revamp. Odilio Angeli, head of Dining Ber...

Retail sales hit $96.4 million last November — a 4.9 per cent increase on the $91.9 million for same month in 2015. All sectors in the Retail Sales Index survey experienced increases, with the exception of clothing stores, where sales revenue decline...

An international bid to attract millennials into the insurance business starts tomorrow. The second annual Insurance Careers Month aims to use young professionals already in the business to beat the drum for the industry. Organisers of the event have...

Long-time fishing tackle store owner Bobby Rego is to retire — and he’s put his 40-year-old business up for sale. Mr Rego, a prize-winning fisherman, said at the age of 72, it was time to cut bait and sell off his Flybridge Tackle. He added: “After 4...

The sales office has opened for luxury homes at The Cove, part of the massive redevelopment of Morgan’s Point in the West End. And the first of what will be 149 Ritz-Carlton Reserve Residences at the renamed Caroline Bay resort is expected to be comp...

Noble Automotive has taken over the island’s Peugeot dealership. The company has snapped up Pembroke-based Continental Motors as part of expansion plans for the firm. Fernando Oliveira, who founded Noble in the grounds of CedarBridge Academy less tha...

Online entrepreneur Natasha Tucker is to turn to crowdfunding to expand her established British green fashion site. Ms Tucker, Bermudian but based in London, set up Reve en Vert — Dream in Green — around four years ago. Now she wants to grow the busi...