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All ten graduates who were this year awarded scholarships by the Bermuda Foundation for Insurance Studies (BFIS) have secured jobs in the industry. BFIS chairman Gail Martin said that all the students were working in Bermuda or overseas. “I am please...

Bermuda-based Ironshore insurance and its affiliated companies are to remain under review with negative implications, ratings agency AM Best said yesterday. The agency said that Ironshore’s financial strength rating of A (excellent) and issuer credit...

Catalina Holdings (Bermuda) has completed its acquisition of a Swiss reinsurance company. The deal was completed after approval by Swiss regulators for the takeover. Catalina has bought Allianz Suisse Ruckversicherungs-Gesellschaft AG — Allianz Suiss...

Bermuda-based BCB Holdings is to change its name. The firm is to become Caribbean Investment Holdings. A spokesman said the board believed “the new name is better suited to the company’s strategic focus and aspirations.” BCB Holdings is a holding com...

PartnerRe has become the Bermuda-based reinsurer this week to announce it is setting up a branch office in oil-rich Dubai. The firm received approval to open an office from Dubai regulators and will begin underwriting operations at the start of next ...

Butterfield Bank will not raise residential mortgage rates in the wake of the US Federal Reserve hike of 0.25 of a percentage point. Speaking after the first Fed increase in nearly a decade, a Butterfield spokesman said that it would not raise its ra...

Inflation dropped to 0.6 per cent in October compared to the previous month, according to the latest Government figures. Inflation fell 0.4 per cent from the 1 per cent rate in September. Consumers in October paid 0.6 per cent more for a standard bas...

Reinsurance and insurance broker Willis has appointed two new Bermudian senior executives. Nick Warren, currently at Marsh IAS Management Services, is the new managing director for the Willis Management (Bermuda) captive operation. He will take up hi...

Bermuda specialty reinsurer MultiStrat has appointed a former Bank of Bermuda senior manager to its board of directors. Raymond O’Neill — a specialist in asset management — held senior posts at the bank, now HSBC. Bob Furness, chairman and chief exec...

A new children’s clothing store has injected a dose of Italian style to young fashion. And Blukids is already cutting a dash with parents and youngsters with its up-to-the-minute design. Co-owner Francesca Cacace — who has been working in her family’...