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This year’s US Atlantic hurricane season is officially the most expensive ever, racking up $202.6 billion in damages since the formal start on June 1. The costs tallied by disaster modellers Chuck Watson and Mark Johnson surpass anything they’ve seen...

Shares of Devonshire Industries Ltd improved by 25 cents, or 4.5 per cent, to close at $5.75 after 900 traded on The Royal Gazette/BSX Index. A total of 55 shares of BF&M Ltd, and 5,000 shares of Butterfield Bank also changed hands, but with no chang...

Ascot Group has launched a new reinsurance company in Bermuda and hired industry veteran John Berger as chief executive officer. Ascot Reinsurance Company Ltd, which received its Class 3B insurance licence from the Bermuda Monetary Authority earlier ...

Municipal pension plans are in a tough spot. They have trillions of dollars in unfunded liabilities, interest rates are low, and we’re coming up on the ninth consecutive year of stock market gains in the US. Municipalities are going to have a hard ti...

Dear Dave, I’ve been trying to save cash to buy a home, but things always seem to come up that eat away at my savings. I have $130,000 set aside, plus an emergency fund, and I make $120,000 a year. I’m debt-free and renting right now, but eventually ...

WASHINGTON (Bloomberg) — Senate Republicans tucked some multibillion-dollar tax increases for corporations into the 515-page tax Bill they released this week — spring-loaded hikes that would begin after 2024 if the economy doesn’t grow as fast as GOP...

A Bermudian make-up artist is offering a luxury mobile service to clients. Donika York started her mobile business called Basic Beauty Studio more than six years ago when she saw a niche in the market. She believes mobile is a more lucrative idea to ...

Landlords considering the purchase or letting of investment accommodation should, as part of their due diligence process, consider if the property is rent-controlled. Numerous Bermuda properties have been subject to rent control for many years. Curre...

One Communications was the lone stock to trade on the Bermuda Stock Exchange. The telecommunications group’s share price closed unchanged on $2.99 as 10,000 shares changed hands. The RG/BSX Index closed unchanged, as it has been throughout the tradin...

The Regulatory Authority failed in its statutory duty to carry out a market review of Bermuda’s telecoms sector within four years of the last survey, the Supreme Court ruled. This means the regulator’s market information is not as up-to-date as the l...