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The Bermuda Government needs to do a better job of collecting unpaid taxes due before it starts looking for new ways to tax the public. That is one of the views expressed by the Bermuda Chamber of Commerce, reacting to the release of the independent ...

Jerome Halgan has been appointed chief executive officer of Arch Reinsurance Ltd in Bermuda as part of a management shake-up by parent company Arch Capital Group. Mr Halgan has been promoted from within and will move from his current role as CEO of A...

Two Bermuda reinsurers estimated a combined $1.8 billion in pre-tax catastrophe losses for the third quarter. Hurricanes Harvey, Irma, and Maria, as well as two earthquakes in Mexico were among the natural disasters that led to Everest Re estimating ...

A group of gig rowers will attempt a gruelling 20-mile round trip from St George’s Harbour to North Rock in support of Robertson’s Drug Store, which was badly damaged by fire last month. The pharmacy on York Street, St George’s suffered a devastating...

After Hurricane Maria, Puerto Rico’s physical destruction multiplied its financial crisis. But at least one revenue generator is up and running: rum. On the western edge of San Juan Bay in a small town called Catano, a Bacardi Ltd distillery produces...

The owners of the Bermuda Cleaning Limited have opened a janitorial supplies store located on Serpentine Road, Pembroke, where they now sell commercial grade products to the residential market. The Faries family has owned the cleaning business for ov...

Bermuda market companies are likely to pay out at least $25 billion to cover insured losses resulting from hurricanes Harvey, Irma and Maria. That is the preliminary estimate of the Association of Bermuda Insurers and Reinsurers, which said today tha...

XL Group Ltd has estimated net catastrophe losses of $1.48 billion for the third quarter. Most of the losses — about $1.33 billion — were attributed to hurricanes Harvey, Irma and Maria. The announcement comes after the Association of Bermuda Insurer...

Bermuda Security Group Ltd’s contract for passenger and baggage screening at the LF Wade International Airport has been extended until the new terminal opens in 2020. BSG, which has held the contract at the airport since 2001, is required to provide...

Shares of Devonshire Industries improved by $1, or 22.2 per cent, to $5.50 after 1,000 were traded on The Royal Gazette/BSX Index. Also improving was HSBC Holdings, up five cents, or 0.51 per cent, to $9.85 after 1,000 shares were exchanged. Ascendan...