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A new hotel created from the shell of Dockyard’s historic Victualling Yard is on the cards. But the development — part of a multimillion dollar plan to make the old Royal Navy base a key hub for tourists and residents alike — is just one part of the ...

Reinsurance firm Somerset Re has raised it share capitalisation to $375 million, with help from a group of investors. Somerset Re said three strategic investors and a group of wealthy individual investors had put up capital. Somerset Re, formerly kno...

Two insurance registrations were confirmed by the Bermuda Monetary Authority last month. Excelsior Insurance Limited, and New England Pediatrics Indemnity, both Class 2 insurers, were confirmed. In the year-to-date, the BMA has confirmed the registr...

Insurance company BF&M Ltd wore its heart on its sleeve yesterday, and it was not alone. Hundreds of people joined the BF&M 20th Anniversary Breast Cancer Awareness Walk, helping to spread the word and boost the fundraising effort that during the pas...

A group backed by Bermuda reinsurers has called on US presidential candidates Hillary Clinton and Donald Trump to back moves to switch American focus to mitigating risk from natural disasters. SmarterSafer, whose members include consumer advocates, ...

The Bank of Butterfield today closed down 5 cents at $25.05 in Bermuda Stock Exchange trading. The move, equal to 0.2 per cent, came after 14,200 shares traded. The bank’s price on the New York Stock Exchange also fell — down 15 cents, or 0.59 per ce...

Female leaders of the island’s shipping industry have launched a Bermuda chapter of the Women’s International Shipping & Trading Association. Bermuda is the 40th country to join the global organisation, whose members are women in management positions...

Bermuda Government’s debt has ticked up another $188.9 million. The Government has repositioned part of the island’s $2.36 billion debt burden through the issuing of $665 million in 10-year senior notes. Bob Richards, the Minister of Finance, sees it...

Volcanoes in Iceland have prominently featured in world news reports in recent years, but it is earthquakes that are the most dangerous natural catastrophe peril for the country. Now a team at Aon Benfield has launched a catastrophe model to assist i...

Businesses involved in the hospitality sector need to be prepared for the tens of thousands of extra visitors expected on the island during next year’s America’s Cup. And while the event is regarded as the pinnacle moment within the coming 12 months,...