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Hamilton Re has launched its first special purpose vehicle with backing of $65 million. Turing Re will provide collateralised capacity for its parent firm’s global reinsurance portfolio. Kathleen Reardon, CEO of Hamilton Re, said: “This transaction r...

Shares of Bermuda Avaition Services Ltd plunged 41.7 per cent, or $1.25 after 9,000 were traded on The Royal Gazette/BSX Index. The stock ended the day at $1.75. Also taking a heavy fall was Ascendant Group, the parent company of Belco, as its shares...

Dear Dave, I work weekends while attending college full-time. My parents have been generous enough to pay for most of my school expenses, and they let me live at home while I complete my degree. Still, I’m trying to figure out how to move out and con...

Unless we are constantly vigilant, too many things in print pass without comment and are accepted as true. And so it is with a weary heart that I am compelled to offer a counterpoint to a recent argument that takes issue with Vanguard Group’s busines...

A Bermudian firm specialising in compliance and anti-money laundering has been signed up by the Bermuda Casino Gaming Commission. ADL Compliance will work to make sure that the gambling industry on the island is clean. Lanan Bascome, manager of ADL, ...

The catastrophe bond market has swollen to an all-time high of $29 billion, as growth in the insurance-linked securities sector continues at record-breaking pace. Issuance for the year through June 1 was $8.15 billion — by far the highest figure reco...

Property developer West Hamilton Holdings is poised to move into the hotel business, The Royal Gazette can reveal. The latest move from the firm comes after it earlier this week announced half-year profits to the end of March had more than doubled to...

A lunch-and-learn demo session of an online Bermuda payroll system proved so popular last month that it is being repeated. Bermuda businesses are being given a second chance to see a free demonstration of the system that automates the new changes to ...

Shares of the parent company of Hamilton docks operator Stevedoring Services rose more than 5 per cent in Bermuda Stock Exchange trading today. Polaris Holding Company Ltd closed the day at $5, up 25 cents or 5.3 per cent, as 201 shares changed hands...

There has been a 350 per cent increase in the number of contactless payments made on the island by HSBC Bermuda customers with “Tap & Go” equipped MasterCard credit cards. And the bank expects that trend to continue, especially as the America’s Cup e...