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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...

Telecoms firm One Communications went up 15 cents to $2.75 on The Royal Gazette/BSX. The rise, equal to 5.8 per cent, came after 5,600 shares traded. The Bank of Butterfield remained at $31.50 after 50 shares changed hands. On the New York Stock Exch...

The annual rate of inflation was 1.9 per cent in February — unchanged from January. The education, recreation, entertainment and reading sector was the largest contributor to the year-over-year increase for the second consecutive month. This sector w...

Island-based Bacardi has won a place on a list of the most reputable companies in the world. The company rose eight places to 84th in the annual Global Rep Trak 100 ratings from the Reputation Institute — the fifth consecutive time family-owned Bacar...