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His parents were a milkman and a snack shop waitress. They had missed out on educational opportunities, but they were determined their children would see the value of applying themselves to learning. Today, Marc Grandisson is chief executive officer ...

Almost 5,000 reports of severe weather in the US, including tornadoes, hail and damaging winds, caused insured losses of $3 billion last month. With damaging severe weather also hitting western and central Europe, Brazil, Indisa, China and Canada, an...

Businesses in Somerset are gearing up for Cup Match, with the West End set to host the midsummer classic this year. With everyone feeling the festive spirit, some companies are preparing early for the rush on the August 2 and 3 public holiday. Donald...

Technology is changing the retail insurance landscape and it’s only a matter of time before it impacts the “big-ticket” business written in Bermuda. That is the view of Thomas Dawson, a partner at US law firm Drinker Biddle, who will speak on a panel...

Insurer Brit Ltd has strengthened the team at its Bermudian-based Sussex Capital operation with two managers who were formerly with rival island reinsurers XL Catlin and MS Amlin. Richard Slater joins Sussex as underwriting director and Adam Champion...

Retail sales volume plunged 7.8 per cent in April, a month when liquor stores’ takings fell by nearly one fifth. It was the second successive month to record a substantial fall in sales volume after the 5.4 per cent drop in March. The volume of food ...

A total of 500 shares of BF&M Ltd were traded on The Royal Gazette/BSX Index but with no change to the closing price of $17.75. On the New York Stock Exchange, shares of Butterfield Bank were down 45 cents, or 0.95 per cent, at $46.93. The Royal Gaze...

The US cyber insurance market grew last year with 170 insurers writing the line of business, up from 140 in 2016. Premiums also rose by 37 per cent to $1.84 billion. The loss ratio decreased from 47.6 per cent to 32.4 per cent, primarily due to a red...

Butterfield & Vallis has entered the beer and wine sector for the first time, bringing Spanish lager Estrella Damm to the island. As the company celebrates its 100th anniversary, it has added a new line to its wholesale inventory after receiving a li...

Driverless cars will be a focus in English classrooms from October as part of an education initiative supported by Bermuda-based XL Catlin. Code Smart is an innovative computing and robotics education initiative seeks to encourage students to take up...