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A number of the world’s richest billionaires who have connections to Bermuda are included in Forbes World Billionaires 2017 list. Among them is former New York Michael Bloomberg, 75, who owns a property in Bermuda. He is ranked tenth on the list with...

The White House has announced that a tax bill making major changes to current tax law will be passed by August 2017. Seemingly lost in the discussion of what changes will be made is the repeal of the Estate Tax that is celebrating its 101st birthday,...

The Bermuda Stock Exchange last month launched its “Own Your Share of Bermuda” campaign to raise awareness of opportunities to invest in the island’s public companies. The Royal Gazette is supporting the effort by publishing weekly features on each o...

A charter-boat skipper had doubled his fleet in anticipation of an America’s Cup boom. Captain Steve Smith, owner of Rising Son Cruises, has leased another catamaran from the Caribbean to add capacity for the big event. Captain Smith said the 65-foot...

Allied World shareholders approved a special dividend as the insurer moved a step closer to its merger with Canadian firm Fairfax Financial Holdings. Allied Word, one of the Class of 2001 insurers to form in Bermuda after the September 2001 terrorist...

The Royal Gazette/BSX Index closed unchanged at 1,918.62. Bermuda Aviation Services was also unchanged at $3 after 2,200 shares traded. On the New York Stock Exchange, the Bank of Butterfield lost six cents, or 0.19 per cent, to close at $31.55. The ...

Bermuda will reap legacy benefits as a result of major telecommunication infrastructure and service upgrades needed for the America’s Cup. It is estimated the island will use as much international data capacity during the month-long event as it norma...

The chief executive officer of XL Catlin has dismissed speculation linking him with the vacant CEO’s role at American International Group. In an internal company e-mail, Mike McGavick made clear that he had no intention of leaving the island-based b...

A mystery meeting to discuss the impact of major overseas events like the election of Donald Trump as US president and Britain’s decision to quit the EU was held yesterday. But participants in the meeting, which included the island’s Chamber of Comme...

The Royal Gazette/BSX Index closed unchanged at 1,918.62 after a day of no trading. On the New York Stock Exchange, the Bank of Butterfield was up 31 cents, or 0.99 per cent, at $31.61. The BSX Insurance Index ended the day up 4.82 points, or 0.26 pe...