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IBC Bermuda Ltd has promoted Kevin Smith to managing director. Mr Smith joined IBC 20 years ago, as manager of IBC/ZipX UPS at LF Wade International Airport. He went on to become vice-president of airport operations in 2005 working with operating st...

Shares of Butterfield Bank were down 89 cents, or 2.48 per cent, at $35.05 on the New York Stock Exchange. Meanwhile, there were no trades on The Royal Gazette/BSX Index, which was unchanged at 2,166.08. The BSX Insurance Index was up 3.09 points, o...

Blue Capital Reinsurance Holdings Ltd made a net loss of $24.9 million, or $2.84 per share, for the fourth quarter. The net loss for the year was $28.6 million, or $3.27 per share. The combined ratios for the quarter and year were 308.8 per cent and ...

RenaissanceRe Holdings Ltd. recorded a net loss of $83.9 million, or $2.10 per diluted common share, in the fourth quarter of 2018. That compared to a net loss a of $3.5 million, or nine cents, in the same quarter in 2017. Operating income available...

A technology education programme has been unveiled by the Bermuda Government. It has already attracted interest from 25 Bermudians keen to learn about the training and career opportunities in the technology and fintech sector. The government has set ...

In the third of a five-part series examining the impact of the ageing of Bermuda’s population, we look at government finances. Bermuda’s burgeoning national debt is the millstone that impacts not just today’s generation of taxpayers, but will also af...

The Fiscal Responsibility Panel report reviewed the evolution of the all-important debt/revenue ratio under different scenarios — and also included a projection based on the recommendations of the Tax Reform Commission being implemented by Government...

For Andreaz Glasgow, the hardest thing about being a 15-year-old entrepreneur is being 15. It means an adult has to cosign on every legal aspect of his businesses, Element Graphic Studios, Bermuda Local Guides and Guess What? “Rather than being reg...

The insurance-linked securities market is seeing “convergence of convergence”, according to Willis Towers Watson. The reinsurance broker and risk adviser said in its ILS Market Update that the market had reached $93 billion of outstanding non-life ca...

An increase in taxes is far more likely to be in our future than meaningful cuts to government expenditures, with the exception of government’s intention to trim expenses by identifying more efficient ways of delivering on its obligations. The island...