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Bermuda’s declining population, rather than residents’ penchant for shopping online, is behind the decline of the island’s retail sector, says a leading retail boss. Paula Clarke, chief executive officer of Gibbons Company and former chairwoman of th...

A worst-case scenario stress test for insurers who write cyber policies shows that they would see their capital and surplus reduce by 5 to 8 per cent on average. That would leave them still able to meet their enhanced capital requirements. However, t...

Athene Holding Ltd, a life reinsurer and retirement services company, reached $6 billion in total pension risk transfer transactions for 2019 — more than double the volume of the previous year. The Bermudian-based company’s 2019 total includes about ...

The Bermuda Stock Exchange yesterday released its year-end report for 2019. Greg Wojciechowski, the BSX’s president and chief executive officer, said highlights included Miami International Holdings’ acquisition of a controlling interest in the excha...

A Hamilton entrepreneur has urged Bermuda residents to support the economy by doing their shopping on-island. Betty-Anne Burch, who has degrees in merchandising, fashion design and business, owns clothing boutique X Girl Friend on the east side of Co...

The board of One Communications Ltd has authorised the repurchase of up to two million common shares of the company through an open market programme. The new authorisation will run until the end of December. Frank Amaral, One’s chief executive office...

Eleanor Fisher and Tammy Fu have joined professional services firm, EY, in the region of the Bahamas, Bermuda, British Virgin Islands and Cayman Islands, the company announced. Ms Fisher has joined as partner, and Ms Fu as associate partner, from a ...

Shares of Butterfield Bank fell $1.29, or 3.5 per cent, to $36 after 2,370 traded on The Royal Gazette/BSX Index. In New York, the bank’s shares were down 16 cents, or 0.44 per cent, at $36.53. On the local exchange, there was traded in 1,700 shares ...

Hamilton Insurance Group today announced that its insurance-linked securities platform has a new name and a new lead executive. Formerly called Hamilton Capital Partners, the platform is now Hamilton ILS. Hanni Ali moves from his role as senior vice-...

RenaissanceRe Holdings Ltd has announced an underwritten public secondary offering of more than 1.7 million of its common shares by Tokio Marine & Nichido Fire Insurance Co. The selling shareholder will receive all of the net proceeds from this offer...