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Bermuda is to continue work on strengthening and enhancing its reputation as a well-regulated offshore jurisdiction. The Financial Policy Council, a group that advises the Ministry of Finance and the Bermuda Monetary Authority on financial system sta...

Retail sales bounced back in March after three previous months of declines. Sales increased to $96.5 million, 5.3 per cent up on the $91.6 million recorded for March last year. After adjustment for inflation, which was 1.9 per cent in March, the volu...

CedarBridge Academy students preparing for end of year exams received some extra help from the international business community. A group of insurance professionals from the Bermuda International Long Term Insurers and Reinsurers association voluntee...

A total of $925 million in securities on behalf of the California Earthquake Authority were yesterday listed with the Bermuda Stock Exchange. The two securities were issued by Ursa Re and placed by Swiss Re Capital Markets, which acted as structuring...

Lifelong bike fan Nicholas Cardoso has fulfilled a dream with his own bike customisation and repair shop. Mr Cardoso took the plunge and opened a shop after spending six years working part-time on days and weekends customising bikes. He said: “This i...

Imagine going into a store, taking something you want to buy to the counter and waving your mobile phone in front of a terminal. The purchase made, you walk out of the store. There was no need to open your purse or wallet, or fiddle with loose change...

AM Best has placed the credit ratings of Hamilton Re and its subsidiaries under review with developing implications after the resignation of its CEO Brian Duperreault. Reacting to the rating service’s action, Jonathan Reiss, Hamilton Insurance Group’...

Bermuda was targeted by a computer ransomware virus creating havoc around the world, an IT expert said yesterday. Ronnie Viera, chief operating officer at online payment company First Atlantic Commerce, said: “We can see that Bermuda was targeted. “W...

The departure of Brian Duperreault from Hamilton Insurance Group to US giant AIG will be a boost for both companies, Hamilton Re CEO Kathleen Reardon said yesterday. Ms Reardon added that closer relationships between the two firms would lead to a bus...

NEW YORK (Bloomberg) – American International Group will give Brian Duperreault $12 million in cash, 1.5 million stock options and an annual pay package valued at $16 million to turn around the company as its seventh chief executive officer since 200...