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The tax transparency drive led by the world’s largest economic powers is effectively helping to drive business to Bermuda, according to a top lawyer with an international firm. Steven Rees Davies, corporate partner with Appleby Bermuda, said the fact...

Reinsurance prices in the Middle East and North Africa are expected to increase after a series of major insured losses in the region during the past 12 months. That is the finding of the annual MENA Reinsurance Barometer report, which polled executiv...

Barbara Millett has logged an astonishing 68 years in the upholstery trade. And now she’s got Bermuda covered as she prepares to reopen her store at the age of 80 after a three-year break due to illness. Ms Millett began her apprenticeship in 1948 ag...

Intrepidus Insurance Services, an insurance broker, has appointed Bermudian Edward “Eddie” Gouveia-DeSousa as broker. Intrepidus is a full-service independent insurance broker firm created to assist individuals and businesses in understanding, evalua...

Financial services investment company Somers Ltd rose 75 cents, or 5.8 per cent, to $13.75 after 300 of its shares traded on The Royal Gazette/BSX Index. The Bank of Butterfield remained at $24.50 after 414 shares sold. The bank’s preference shares w...

Stephen Catlin is taking a lead role in an international public-private partnership aimed at increasing access to insurance for people living in developing countries vulnerable to catastrophes. Mr Catlin, the deputy executive chairman of Bermudian-ba...

Bermudian insurer and reinsurer Endurance Specialty Holdings Ltd is to be taken over by a Japanese company. Tokyo-based insurance giant Sompo has agreed to pay $6.34 billion for Endurance and the deal is expected to close by the end of March next yea...

Chore. How often when faced with needing to do something we look upon it as a chore! This harks us back to our younger days when our parents asked us to do “chores” around the house. So what we often do is to put off getting to these tasks as they a...

The application of blockchain technology in the financial services realm is shaping up to transform the sector. Faster and securer transactions are among the expected advantages, while increased automation is likely to impact the need for human invol...

A Bermuda firm has linked up with the world’s biggest investment management company to create a joint venture. Hamilton’s Windward Management has signed a deal with US-based global operation BlackRock Capital Investment Corporation to create BCIC Sen...