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A founder and former chairman of Bermuda reinsurer Flagstone Re has died in Canada. Mark Byrne, who cofounded Flagstone with David Brown, died in Montreal last Thursday. He was 55. Mr Byrne was involved in the island’s insurance and reinsurance busin...

A consignment of hi-tech electric microcars has arrived in Bermuda. The Renault Twizys were delivered to Hamilton Docks yesterday for importers Eurocars for onward transfer to a rental company. Eurocar yesterday declined to comment on the final desti...

The young entrepreneurs behind a range of electric scooters and motorbikes yesterday hosted a special business seminar for senior pupils at Berkeley Institute. Jamie Lovell and Alex Marshall of Team Oni Racing Club spoke to senior pupils at the schoo...

Bermudian reinsurer RenaissanceRe Holdings Ltd is to bolster its reserves by $30 million to take account of the discount rate used to calculate lump sum awards in UK bodily injury cases. From March 20, the Ogden rate changed from plus 2.5 per cent to...

The island’s Chamber of Commerce has formed a new division aimed at boosting the telecoms industry. Kyle Masters, legal and regulatory counsel with Digicel and BTC is chairman of the electronic communications division, with Edgar Dill, general manage...

The Royal Gazette/BSX Index closed unchanged at 1,936.54 after a day of no trading. On the New York Stock Exchange, the Bank of Butterfield dropped 37 cents or 1.17 per cent to $31.28. The BSX Insurance Index ended the day down 8.67 points or 0.47 at...

Island-based global drinks firm Bacardi has clamped down on a brand scam run by a fraudster who billed himself “the baron of spirits”. Mystery man Tofikuddin Ovaysi registered nearly 100 shell businesses in the UK using clone names of drinks producer...

Motivation. What are the things, who are the people, what are the circumstances that motivate you to excel at everything you do? Achieving goals is first and foremost achieved by the application of your skills and experience but, in the end, if you a...

A Bermuda golf store has expanded into a new and bigger location. Island Kaddy, formerly on Front Street, now boasts three high-tech golf simulators, programmed with some of the world’s top courses like Gleneagles in Scotland and Canada’s Banff Sprin...

Mergers and acquisitions in the Bermuda and US insurance markets this year are predicted to maintain the momentum seen in the latter half of 2016, when among the deals struck were seven valued at more than $1 billion. But there is uncertainty about t...