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The main driver of Bermuda’s increase in gross domestic product is expected to continue to deliver positive economic news, a Bermuda Government minister said yesterday. GDP for the third quarter of 2018 increased 1.6 per cent year-over-year, Governme...

New financing for the resort development at Morgan’s Point is “close to happening”, a Bermuda Government minister said yesterday. Walton Brown, Minister for the Cabinet Office, said there were plans in the works to realise the financing for the proje...

Car dealer Auto Solutions is to launch Bermuda’s first self-serve carwash operated by an app. The app-activated carwash, which opens tomorrow, is located behind Auto Solutions and the Rubis Gas Station on St John’s Road, Pembroke. It will be open Mon...

At Bermuda Brickyard Ltd, the company truck is a bright red 1931 Ford Model A with the company logo on the side. Owner Peter Schindel loves antiques. It was this passion that led him to form the company in 1994. “I bought the old Devonshire post off...

Law firm Kennedys has bolstered its ranks with the addition of three lawyers. Newcomers Nicolas Champ, Lewis Preston and Roshan Sidhu have each worked in an international law firm, and have gained significant professional experience in Bermuda, Engla...

Shares of Ascendant Group Ltd continued their winning streak on the Bermuda Stock Exchange yesterday. The owner of power utility Belco gained 50 cents, or 2.4 per cent, to close on $21 — the highest point since August 2008 for Ascendant shares — as 7...

Portofino has had a makeover, but the charm that has made it a Bermuda favourite for more than four decades remains firmly in place. The Bermudiana Road eatery reopens today after a six-week renovation, which revamped both the front and back of the h...

Arch Capital Group Ltd posted net income of $126.1 million in the fourth quarter of last year, despite significant catastrophe losses. The Bermudian-based insurer and reinsurer estimated $118.2 million in pre-tax catastrophic losses, primarily relate...

Bermuda’s long-term insurance and reinsurance industry is marking a banner year of increased company registrations, driving vital job growth in the jurisdiction. The number of Bermuda-based companies in the sector, which provides global coverage of l...

Bermudian-based reinsurer Maiden Holdings is facing a class-action lawsuit which alleges that it made “misleading statements” about its business. Several law firms yesterday posted press releases to persuade investors who had lost money from the shar...