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Bermuda has attracted billions of dollars of new re/insurance capital over the past year, but the pace of the multiyear growth in third-party structures such as insurance-linked securities has slowed. That is the view of analysts from ratings agency...

Retail sales volume surged 7 per cent in November as local businesses benefited from more on-island spending. With fewer residents travelling during the pandemic, many retailers have seen a pick-up in sales. November was the fifth consecutive month o...

A tool for use in the battle against Covid-19 is now widely available for the benefit of the island’s business community. Germagic Thyme is a water-based liquid, self-disinfecting and antimicrobial coating that its manufacturers say is effective for ...

Given the ongoing impact of the Covid-19 pandemic, it is timely for us to look closely at material adverse change clauses in the context of a business acquisition. Also known as material adverse effect clauses, MAC clauses are designed to provide a ...

A total of 27 shares of Butterfield Bank were traded on The Royal Gazette/BSX Index, but with no change to the closing price of $34.75. On the New York Stock Exchange, the bank’s shares were up $1.50, or 4.37 per cent, at $35.79. The Royal Gazette/BS...

Marcus Foley is to join the Bermuda office of Aon Reinsurance Solutions as head of capital management. The company said Mr Foley will report to Tony Fox, chairman and chief executive officer, Bermuda, and Eric Paire, head of London Capital Advisory o...

Insurance industry veteran Grainne Richmond has been appointed president of the Bermuda Insurance Managers Association. Ms Richmond is to take up the position at the volunteer non-profit organisation on March 1. She will be joined on the Bima executi...

Bermudian-based Conduit Holdings Ltd, the parent company of new Class 4 reinsurer Conduit Re, has reported a loss after tax of $4.6 million for the period ending December 31. Conduit Re is part of the “class of 2020” group of companies that have been...

A new salon in Hamilton opens its doors tomorrow. Impressions Artistry is above Casey’s Lounge, at 25 Queen Street. It is a second location for the business that was established in 2004; the other outlet is Impressions Artistry salon and beauty supp...

Fintech company Bite Investments has published a white paper that “presents a strong case for private equity investments and important factors for success” The alternatives investment platform provides high-net-worth investors access to alternative a...