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A special seminar on hurricane preparedness for businesses is to be held. Aimed at senior executives, the seminar will update attendees on how the island is preparing for this year’s hurricane season. Steve Cosham, national disaster and public events...

Promises of prosperity from the Government have failed to materialise as Bermuda once again finds itself in a recession, the leader of the Progressive Labour Party says. But Bob Richards, the Deputy Premier and Minister of Finance, yesterday called ...

The Royal Gazette/BSX Index slipped 2.03 points, or 0.1 per cent to 2,073.34. Shares of BF&M improved by five cents, or 0.2 per cent, to $21 after 600 traded. Ascendant Group Limited closed down 25 cents, or 2.9 per cent, at $8.25 after 28,074 change...

Restaurant group MEF is planning to reopen the nightclub at Elbow Beach. Once known as The Deep, the club closed in 2009. It is to be reborn for the duration of the America’s Cup as an upmarket nightspot aimed at visitors and residents, opening on Ma...

Neon has appointed two new staff in its office. The worldwide insurer and reinsurer, which opened a Bermuda office last year, has signed up Gavin Coley as technical head of claims and James Sterling as claims manager for professional indemnity and fi...

The high seas have long been a battleground for the world’s biggest oil traders as they spend millions of dollars chartering crude tankers in the quest for an edge in the market. This month, off the pink-sand beaches of Bermuda, top executives from o...

Telecoms company One Communications dropped four cents to $2.90 on The Royal Gazette/BSX Index. The fall, equal to 1.4 per cent, came after 40,071 shares traded. On the New York Stock Exchange, the Bank of Butterfield dropped 14 cents, or 0.41 per ce...

Kean Driscoll, the CEO of reinsurer Validus Re, has been appointed president of parent Validus Holdings. Mr Driscoll will continue as CEO at Validus Re, a position he has held for five years. Ed Noonan, chairman and CEO of Validus Holdings, said, “Ke...

The Bermuda Business Development Agency is to co-host a special live media event at Bloomberg headquarters in New York City next week featuring billionaire former New York mayor and part-time Bermuda resident Michael Bloomberg. The meeting will bring...

A total of seven new insurance companies were last month registered by the Bermuda Monetary Authority. Five of the seven were special purpose insurers used as vehicles for insurance-linked securities. The BMA monthly statistics for April brings this ...