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A $70 million cat bond denominated in Japanese yen has been listed on the Bermuda Stock Exchange. The notes are valued at ¥8 billion, about $70.6 million, and have been issued by Shima Re Ltd through the segregated account Hotaru 2. Shima Re is the ...

Dear Dave, My dad wants me to buy a house on a 30-year loan for him and my mom in my name, and let them make the payments. I’m 24 years old and have a good credit score and a nice apartment. My dad filed for bankruptcy nine years ago, and he’s alread...

Sir John Templeton wrote 16 Rules for Investment Success in 1993. The following is by far the most quoted passage: “The investor who says, ‘This time is different,’ when in fact it’s virtually a repeat of an earlier situation, has uttered among the f...

A revolutionary amphibious boat has made its debut in Bermuda — thanks to the America’s Cup. And the Sealegs boat — fitted with wheels to allow it to drive in and out of the water and used by emergency services around the world — has already attracte...

Acquisitions are on the agenda for American International Group under new chief executive officer Brian Duperreault. Speaking after the company’s annual shareholders meeting in New York on Wednesday, Mr Duperreault said: “I’d love to find great addit...

The East End now has a newspaper to promote its attractions, shops and heritage to visitors and locals. And the first edition of The St George’s Crown, a free publication, has proved to be popular, with many visitors taking copies back home as a vaca...

Employment and business services firm Expertise is to hold a series of careers seminars for job-hunting new graduates. Recent graduates who have already got a foot on the career ladder will be among those advising the latest graduates how to land the...

Insurance company BF&M was unchanged at $21 after 36,786 shares changed hands in Bermuda Stock Exchange trading. Butterfield Bank did not trade in Bermuda, but gained 16 cents, or 0.47 per cent, on the New York Stock Exchange to close on $34.10. The ...

Hardware store Gorham’s will today launch a new internet express order service. And the company said that ordering online with goods shipped in using Gorham’s cargo containers was cheaper than air freight. Rod Farrington, a senior manager at Gorham’s...

Bermuda-based investment fund Thema is to fork out $130 million to repay victims of US fraudster Bernie Madoff. Thema was among many feeder funds that directed cash to Madoff’s New York-based investment advisory business, often without their clients’...