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AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Bermuda-based RVI Guaranty Co Ltd and its Connecticut-domiciled subsidiary, RVI America Insurance Company. The outlook of...

Industry veteran Patrick Bousfield has joined the Bermuda office of Lockton Re as a senior broker. Lockton Re is the global reinsurance business of the world’s largest privately held independent insurance broker. Jonathan Davies, CEO of Lockton Re Be...

As newly renovated Point House comes online on the edge of the city of Hamilton, it is triggering an avalanche of activity in the city’s commercial rental sector. "Point House is a substantial space with 90,000 to 100,000 square feet to offer,“ sai...

The latest Covid-19 wave from the Delta variant will sound the death knell for certain Bermuda businesses, economic analysts have surmised, and its effects will hamper the anticipated rebound. From the same document that theorises the under-reporting...

Financial services companies are in line to get a competitive edge after senators approved new legislation yesterday. The Incorporated Segregated Accounts Companies Amendment Act amended 2019 legislation to clarify that an incorporated segregated ac...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of a+ (Excellent) of Lancashire Insurance Company Limited (Hamilton, Bermuda) and Lancashire Insurance Company (UK) Limited — collectively ref...

The RG/BSX Index closed up 15.32 (0.60 per cent) at 2,571.71, with two stocks advancing on the Bermuda Stock Exchange. Argus Group Holdings were up eight cents, closing at $6.08 and Bank of Butterfield closed 25 cents higher at $36.75. Butterfield al...

The world’s first fully automated land drilling rig has completed its first well, according to Nabors Industries Ltd, the company with its principal executive office in Hamilton. The global oil and gas drilling contractor said that its PACE-R801 rig ...

Helen of Troy, the global consumer products company with principal executive offices in Hamilton, is raising its fiscal-year outlook based on better-than-expected second-quarter results and positive trends in the beauty and housewares businesses, tog...

Bermuda’s inflation rate may be four times higher than the Government’s official Consumer Price Index, according to a Bermuda investment firm. Anchor Investment Management also warned its investors that it expects inflation to stay at 5 per cent or ...