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The Bermuda Chamber of Commerce will hold its annual budget breakfast on February 25, the organisation announced today. The event, taking place three days after the February 22 Budget Statement is to be delivered in the House of Assembly, will be hel...

Things might be looking up for people short on funds; 2019 is the Chinese Year of the Pig, symbolising wealth and abundance. To celebrate the start of the lunar new year, tomorrow, Chopsticks Fusion restaurant is offering a Chinese new year menu, wi...

Sometimes all a business owner needs is a desk, wi-fi and a steady supply of coffee to get their business chores done. But with Bermuda’s high rents, such a simple set-up can be hard to find. With that in mind, siblings, Natasha and Oliver Tucker, ...

Qatar Insurance Company, the parent of Bermudian-based Qatar Re, made a profit of $182 million last year. Gross written premiums were $3.5 billion, an increase of 8 per cent. Although the company was impacted by severe catastrophe losses in the secon...

Christopher Gallagher has been appointed to the board of directors of Sompo International Holdings Ltd, a Bermudian-based insurer and reinsurer. Mr Gallagher is the chief risk officer and group actuary of SIH’s commercial property and casualty busine...

Shares of Ascendant Group Limited were up 50 cents, or 2.9 per cent, to $18 after 15,000 traded on The Royal Gazette/BSX Index. Meanwhile, Butterfield Bank shares improved by five cents, or 0.1 per cent, to $35 after 6,085 changed hands. In New York,...

Electricity stored in new industrial-scale batteries at Belco will provide a back-up system that can deliver ten megawatts of power at a moment’s notice. It is believed that could be enough energy to power about 6,500 households, based on US data. T...

The board of Bermudian-based reinsurer Sirius International Insurance Group Ltd has elected a new chief executive officer and a new chief financial officer. Kernan “Kip” Oberting will succeed Allan Waters as CEO of Sirius Group, and Ralph Salamone wi...

Bermudian-based White Mountains Insurance Group Ltd will receive an $85 million cash payment as the result of a deal involving a company in which it owned a majority stake. MediaAlpha has signed a definitive agreement to sell a significant minority s...

Axis Capital Holdings Limited made a net loss for the fourth quarter of $198 million, or negative $2.37 per diluted common share, compared to loss of $38 million, for the same period in 2017. The combined ratio increased to 117.3 per cent, a rise of ...