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A Bermudian tycoon has bought a luxury condo in a former US nuclear missile silo designed for the super-rich to shelter from disasters. The businessman paid up to $4.5 million for an apartment in the Survival Condo Project complex, near Witchita in K...

A former bank executive has branched out on her own with a new service designed to bring services given to private banking customers to a wider public. Tasha Jones, former head of commercial banking at Clarien Bank, said that super-rich clients benef...

Instituted at the beginning of the year, new reporting requirements for Bermuda commercial insurers registered as Class 3A, Class 3B, Class 4, Class C, Class D or Class E (Insurers) under the Insurance Act 1978 (Act), improve the visibility of the fi...

The Bermuda Stock Exchange last month launched its “Own Your Share of Bermuda” campaign to raise awareness of opportunities to invest in the island’s public companies. The Royal Gazette is supporting the effort by publishing weekly features on each o...

Grant Gibbons, the Minister of Economic Development, rose in the House of Assembly to congratulate Qatar Re on its new offices at Belvedere Place, telling MPs the firm was “the exact kind of reinsurance entity we need in Bermuda”. He said the firm st...

Shares of Argus Group improved by 15 cents, or 3.3 per cent, to $4.70 after 10,300 traded on The Royal Gazette/BSX Index. There was also trading in Ascendant Group, with 36,000 shares changing hands but with no change to the closing price. Butterfiel...

The first February tornado in Massachusetts since records began was among notable severe weather that impacted the US last month, causing a total expected insurance industry loss of a $1 billion. The tornado was one of at least four reported in that ...

The operators of one of Bermuda’s lifelines has signed up for a replacement ship. Shipping firm BCL has ordered a new Oleander to replace the current vessel, which has been in service for more than a quarter of a century. The 120-metre, 6,500-ton dea...

Butterfield Bank will increase its lending rates by a quarter of a percentage point after the US central bank raised its key benchmark interest rate today. HSBC Bermuda said it had made no decision yet on how it will respond. The Fed’s quarter-point...

Bermuda’s courts have adopted new rules designed to help struggling international companies to stay afloat. Chief Justice Ian Kawaley said he had issued a new Commercial Court practice direction based on Singapore rules aimed at improving communicati...