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Bermuda-based Teekay Corporation has contracted with the Australian Department of Defence to provide marine services for five government vessels for a firm period of six years, with options to extend for up to an additional 10 years. Under the contra...

Hongkong Land Holdings Limited will seek to buy back half a billion dollars of its own shares, according to a filing with the Bermuda Stock Exchange. The window for the proposed buyback programme is expected to extend until the end of December. Hongk...

Unprecedented global forces directly attributable to the pandemic, are raising the cost of building a Bermuda home. Even those making additions or renovations may face massive price increases on some products, delays, shortages, and in some cases, no...

Bermuda’s re/insurance industry stands ready to support Americans in the aftermath of Hurricane Ida, the Bermuda Business Development Agency has declared. The BDA said Bermuda’s commitment to supporting communities that suffer natural disasters is se...

The Association of Bermuda Insurers and Reinsurers (Abir) will host a virtual panel discussion this month on the importance of active allyship in achieving diversity, equity and inclusion within organisations. The September 23 event, entitled “Where ...

A division of global reinsurer Swiss Re, has projected a jump in the world’s property & casualty insurance premiums over the next two decades. In a report entitled “More risk: the changing nature of p&c insurance opportunities to 2040”, Swiss Re Inst...

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Fergus Reinsurance Limited (Hamilton, Bermuda). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best...

Trader 1: What's the call on the Libor? Trader 2: Where would you like it, Libor that is? Trader 3: Mixed feelings, but mostly I'd like it all lower so the world starts to make a little sense. Trader 4: The whole HF [hedge fund] worl...

Dear Dave, What are your views on teaching children good work habits? Many of our friends don’t require their kids to help out or work around the house, but we both strongly feel that instilling a strong work ethic early in life is one of the best th...

Stark quarterly Gross Domestic Product figures show the economy has substantially contracted for the first quarter of the year – the fifth quarterly reduction in a row. Minister for the Cabinet Office Wayne Furbert revealed yesterday GDP fell by 4.3 ...