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Dear Dave, My husband owns a small landscaping and masonry company. His profits over the last couple of years have been about $80,000 annually. We were wondering if we should be setting aside some retained earnings. KIM Dear Kim, Yes, all businesses ...

Bermuda yesterday hit back after the chief executive officer of Lloyd’s of London said Bermuda “stole” the insurance-linked securities market from the city. Ms Beale, speaking at an insurance industry conference in Germany earlier this week, said: “F...

A hi-tech flying car could make its world debut in Bermuda to coincide with next year’s America’s Cup. The makers of the three-wheel PAL-V, which converts from a road vehicle into an aircraft in minutes, said the island was the perfect place to launc...

The Royal Gazette/BSX Index closed unchanged at 1,617.14 after a day of no trades. The BSX Insurance Index rose 3.84 points, or 0.23 per cent, to 1701.15.

Awards of radio spectrum will help to enable 4G mobile services in the Great Sound area in time for next year’s America’s Cup. The Regulatory Authority last night announced it had given both CellOne and Digicel bandwidth for the introduction of 4G su...

Aspen Insurance Holdings Ltd reported earnings in line with analysts’ estimates as it overcame $24.9 million in catastrophe losses. The Bermuda insurer and reinsurer posted operating income after tax of $69.3 million in the third quarter, or 97 cents...

XL Group beat analysts’ expectations as the global business insurer posted third-quarter operating income of $122.5 million. The Bermuda company saw catastrophe losses more than triple to $97.4 million, but still managed to generate earnings per shar...

Consignment store Orange Bay Company will tonight throw a party to celebrate the opening of its children’s department — with an emphasis on giving. For Orange Bay has teamed up with Bermuda’s Feed My Lambs Ministry, which helps orphans in Haiti, whic...

Reinsurance firm PartnerRe yesterday unveiled operating earnings of $185 million for the third quarter of the year. That compares to a figure of $211.6 million for the same quarter of 2015. Net income for the quarter totalled $240.3 million — an annu...

A new lower rate for energy bought from solar power users will take effect from the start of next year. The new feed-in tariff of 17.36 cents per kilowatt hour — about half the previous rate — will start next January. But Grant Gibbons, Minister for ...