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Two insurance industry events are heading to Bermuda for the first time. Both are being staged on the island by London-based organisations. Field Gibson Media’s event, titled Insurance Risk and Capital Bermuda, will be held on October 20 at the Hamil...

Dear Dave, I want to build an 18-unit apartment complex, but I don’t have enough cash to do it on my own. My net worth is around $1,00,000, and I have $600,000 I can put towards this project. It is estimated to cost $1.2 million. Would lining up inve...

A seminar on how to create a secure foundation for a business attracted more than 40 people in Hamilton. The seminar, entitled “Is your business future secure?” was held hosted by the Bermuda Economic Development Corporation. Among those who attended...

Green energy firm BE Solar has signed up Steven Douglas as project and procurement manager. Stuart Kriendler, managing director of BE Solar, said: “We are thrilled to welcome another talented Bermudian to our team. Steven is joining us at an exciting...

PartnerRe Ltd has announced $191 million in profit for the second quarter of the year. The figure is $54 million up on the $137 million made by the reinsurer in the same quarter of 2016. Operating earnings hit $97 million for the quarter, compared to...

Local businesses and hotels have taken an interest in the new water park that has opened at the former 9 Beaches resort at Daniel’s Head, Sandys. And some, including Cambridge Beaches, are promoting the attraction to visitors. The park, known as X20 ...

What does a university mascot bulldog called Trip, shelves of rare books, and a $2 million 100-year-old telescope have to do with Bermuda? The answer is they are all listed to be covered by a new captive insurance company based on the island. And tha...

Shares of Ascendant Group fell four cents, or 0.4 per cent, to $8.95 after 112 traded on The Royal Gazette/BSX Index. The stock was the sole trader of the day. The Royal Gazette/BSX was down 0.39 points, or 0.02 per cent, at 2,063.06. On the New Yor...

Financial holding company Markel has bought out a US insurer in a $919 million deal. Markel, based in the US but with a Bermuda subsidiary, is expected to take over State National in the cash transaction by the end of the year. Richard Whitt, Markel’...

Bermudian-based Axis Capital Holdings has reported profits of $85 million for the second quarter, down $34 million on the same period last year. The figure is equal to $1.01 per common share, compared to the $1.29 per common share on the second quart...