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Bermuda’s tourism sector has gained significant traction during the past three years, lifting the island above its Caribbean peers as measured by a number of performance indicators. This shows that the island’s marketing model and endeavours aimed at...

Since a leap of faith led her to start her own business two years ago, interior decorator Kimberly Hughes has seen success — and learnt from great designers. Ms Hughes, owner of Designs For Living, gained meaningful insight into her craft when she at...

Those who expect the reinsurance industry to “shrug off” this year’s heavy catastrophe losses as new capital pours in from the sidelines have got it wrong. So says Bronek Masojada, chief executive officer of Bermudian-based Hiscox, who said that many...

A decision by the US House of Representatives’ decision to reauthorise the National Flood Insurance Programme has been welcomed by the Risk Management Society. Rims has also urged the US Senate to do likewise before the programme’s expiration on Dece...

Alternative capital lost roughly the same amount as traditional reinsurers from a series of third-quarter catastrophes. That is the view of ratings agency AM Best, whose own surveys indicate that reinsurers are facing net catastrophe losses totalling...

Bermudian reinsurer PartnerRe Ltd today reported a third-quarter net loss of $84 million, driven by $472 million in pre-tax catastrophe losses. The company, which is owned by Italian investment firm Exor, benefited from $187 million of favourable res...

Building materials stores and vehicle distributors saw a spike in sales during August, playing a lead role in the 4.7 per cent increase in retail sales for the month. Total sales were estimated at $98.5 million in August, up from $94.1 million in the...

It was a quiet day on The Royal Gazette/BSX Index, with only two stocks trading. A total of 1,834 shares of Butterfield Bank, and 1,162 shares of Somers Ltd, were exchanged, but with no movement to the respective closing prices. The Royal Gazette/BSX...

PwC has turned to home-grown talent among a slew of leadership appointments. Three of the Bermudians appointed have spent most of their careers abroad and have now returned home to the island to join PwC Bermuda’s leadership team. The professional-se...

US companies that make billions of dollars from patents and other intellectual property held offshore would be eligible for a special 12.5 per cent tax rate on those earnings under the Senate tax plan. That’s a potential “gold mine” for some multinat...