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Qatar Re grew its reinsurance premiums to $654 million in the second quarter to account for 43 per cent of all premium income of its parent Qatar Insurance Company. The Bermudian-based reinsurer achieved a 41 per cent increase in premiums. Meanwhile,...

For the first time in 12 months retail sales have fallen year-on-year in both value and volume. During May the value of sales decreased 1.4 per cent below the $97.9 million recorded in the same month in 2015. After adjusting for the annual retail sal...

Centaur Fund Services has opened an office in Bermuda, after being impressed by the island’s welcoming attitude and professional approach to attracting new business. Centaur is headquartered in Dublin, with offices in London and New York. The fund a...

A five-storey former bank retail branch is to be turned into residential accommodation for employees of the Hamilton Princess & Beach Club. The office block, which straddles Par-la-Ville Road and Bermudiana Road, is a former branch and offices of HSB...

Validus Holdings’ second-quarter losses from extraordinary events were $60 million, led by costs from wildfires in Canada, the company has stated. The wildfires, which were centred on the Fort McMurray region of Alberta, resulted in an estimated net ...

A website allowing Bermuda residents, organisations and businesses to register for an internet address featuring “.bm”, the country’s top-level domain, briefly went live yesterday. However, it was taken offline after a few hours with visitors to the ...

As business plans go, it was one that seemed highly unlikely to succeed. Make no mistake, the idea was noble — to set up a business and use its revenue-generating side to support a non-profit organisation that would help tens of thousands of people l...

Insured losses from the wildfires that caused catastrophic damage to the city of Fort McMurray and disrupted oil sands operations in the region, are the highest in Canada’s history. The most up to date report from Aon Benfield anticipates insurers wi...

A full-floor office space above the newest phase of Washington Mall is now occupied for the first time since it was constructed in 2010. It is a further encouraging sign for Washington Properties, the owner of the mall complex, as it rebounds from th...

Only a few months after Exor completed its acquisition of PartnerRe, the forward trajectory for the Bermudian reinsurer has become clearer. There has been a restructuring of the company, with its business units now consolidated into three worldwide s...