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Shareholders in reinsurance firm PartnerRe today backed the $6.9 billion takeover offer from Italian investment giant Exor. The shareholders voted on the deal — which also gets them a special dividend of $3 a share contingent on the deal closing — at...

The multimillion dollar impact of America’s Cup World series on the English city of Portsmouth bodes well for Bermuda, a government minister said yesterday. And Grant Gibbons, the Economic Development Minister, said that the figures for the Bermuda r...

Restrictions lifted on the sale of life insurance will be a boost for a Bermuda-based company. VL Assurance, part of the Valor Group, had a private Act of Parliament aimed at broadening its range of services signed into law by Governor George Ferguss...

Four Star Pizza is today celebrating its 25th anniversary with a party at its original store, free pizza slices and birthday cake. The Hamilton shop, in Angle Street, will giveaway slices of pizza and cake. And all four stores in the chain are today ...

Bermuda’s insurers and reinsurers should brace itself for more terrorist attacks, according to a US-based industry expert. Robert Hartwig of the Insurance Information Institute said that it was open whether the weekend terror attacks in Paris which k...

Clarien Bank has expanded its private banking business and hired two new staff. Cyril Simmons is now senior private banker, while Carmen Adebiyi has been appointed private banking officer. Clarien head of private banking Clare Spearing said: “They ad...

The winners of a competition to launch or boost a business will be announced on Thursday. The Bermuda Economic Development Agency (BEDC) held its annual Rocket Pitch competition at City Hall last Friday, where a dozen competitors pitched their ideas ...

Alternative and third-party capital is being used outside the traditional area of catastrophe bonds, experts have said. And the reinsurance industry is increasingly seeing alternative cash as a complementary type of additional capacity. PwC Bermuda m...

A furniture shop will today formally launch a pop-up store with a preview of a new home collection. Exclusive Home, which has a main shop on Reid Street, has opened up in the lower level of Washington Mall. Exclusive Home, part of the Exclusive Group...

Bermuda’s current account recorded a surplus of $215 million in the second quarter of the year, according to the latest Government statistics. The figure was $1 million up on the from the surplus in the same quarter of last year. The deficit on the g...