Log In

A total of 42 insurers, including two Class 4 reinsurers, were registered by the Bermuda Monetary Authority in 2016. That was down from the 64 registered during 2015, and the 65 of 2014. KaylaRe Ltd and Harrington Re Ltd were the Class 4 registration...

Bermuda’s important role in the captive insurance sector has been highlighted by the number of island-based executives included in this year’s Power 50 list. Top of the pile is Peter Mullen, chief executive officer of Aon’s Global Captive and Insuran...

Noble Automotive has taken over the island’s Peugeot dealership. The company has snapped up Pembroke-based Continental Motors as part of expansion plans for the firm. Fernando Oliveira, who founded Noble in the grounds of CedarBridge Academy less tha...

The Bank of Butterfield today rose 35 cents to $33.50 in Bermuda Stock Exchange trading. The change, equal to 1.1 per cent, came after 5,444 shares traded. On the New York Stock Exchange, the bank was down 18 cents or 0.53 per cent at $33.90. Watling...

Shareholders of Endurance Specialty Holdings Ltd today backed the company’s $6.3 billion takeover by Japanese insurance giant Sompo Holdings. In a short statement, the Bermudian-based insurer and reinsurer said common and preferred shareholders had v...

A rise of 15 cents by Butterfield Bank shares helped The Royal Gazette/BSX Index stay above 2,000 points. The bank’s shares closed at $33.15, up 0.5 per cent, after 500 traded. On the New York Stock Exchange, the bank’s shares climbed 38 cents, or 1....

Bermuda reinsurer Everest Re Group has formed a strategic partnership with a firm pioneering a hi-tech system aimed at reducing workplace injuries. The partnership with industry veterans Glen Welch and Todd Welch will be known as Salus Systems, LLC a...

Bermuda’s important role in the captive insurance sector has been highlighted by the number of island-based executives included in this year’s Power 50 list. Top of the pile is Peter Mullen, chief executive officer of Aon’s Global Captive and Insuran...

Having weathered the economic downturn, Polished nail boutique on Reid Street is coming back strong. A year ago it opened a second outlet, The Waxing Room, in Washington Mall. Now, with the America’s Cup on the horizon and positive signs in the econo...

The elimination of tax evasion is a laudable objective. Governments miss out on revenue if assets are moved to other jurisdictions to evade taxes, and the impact is greater in poorer countries. However, it is reasonable to ask whether international...