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Bermudian-based insurance giant XL Catlin is to take part in a hi-tech project to run a fleet of driverless cars between London and Oxford in England. Now it plans to trial six autonomous vehicles around 60 miles between the two cities by 2019. Richa...

Bermuda’s biggest superyacht marina yesterday launched. And the 110-berth marina was hailed as a key step in the development of Caroline Bay, a five-star luxury hotel, residences and marina project at the former Morgan’s Point military base in the We...

Bermuda secured a prominent position in the minds of the 10,000 risk leaders on the first day of the Risk and Insurance Management Society’s conference in Philadelphia. Michael Dunkley became the first Bermuda Premier to address the annual event. He ...

The Bank of Butterfield today rose 85 cents to $31.85 on The Royal Gazette/BSX Index. The 2.7 per cent move came as 3,000 shares traded. Utilities firm Ascendant Group was unchanged at $8.50 after 10,400 shares changed hands. On the New York Stock Ex...

Most major financial companies plan to increase partnerships with technology specialists over the next few years, a new report has revealed. Professional services firm PwC found that 82 per cent of global banks, insurers and investment managers expec...

Reinsurer Hannover Re is offering the BFIS Hannover Re Scholarship to be awarded to a recent graduate (which includes the 2017 graduates) from either The Berkeley Institute or Cedarbridge Academy. With a GPA requirement of 2.75, the award is worth up...

Ascendant Group shares climbed 6.5 per cent in a quiet post-Easter trading week on the Bermuda Stock Exchange. The company, owner of power utility Belco, climbed 49 cents to a new 52-week high of $7.99 as 342 shares changed hands. The most actively t...

Local and international buyers have expressed interest in seven new villas at The Loren at Pink Beach development, the selling agent said. And Rego Sotheby’s International Realty released more details on ownership of the three-bedroom properties. Pen...

A new coffee shop and café has brought a taste of Italy to the heart of Hamilton. BruMae Caffe, on the site of the former Bella Caffe in Burnaby Street, is owned by husband and wife team Bruno and Ashly Cucinotta. Mr Cucinotta said: “We have a fresh ...

Members of the Association of Bermuda Insurers and Reinsurers wrote more than $92 billion in global gross premiums last year. The business was done on a capital and surplus base of $123.6 billion and Abir members reported net income of $10.2 billion ...