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Lloyd’s of London-based insurer Neon has opened a new office in Bermuda. And the firm aims to expand its on-island two-strong team as it targets the US market. Neon has recruited Bermudian Chris Fisher, an underwriter with 25 years of experience in t...

Island financial regulator the Bermuda Monetary Authority pulled in more than $44 million in fees and other revenue last year. Supervisory and licensing fees totalled $38.4 million, while incorporation fees, vault commission and other income amounted...

Liquidators for Riddell’s Bay Golf and Country Club have sold two residential plots separate from the closed course. Deals on the two areas of land, fronting the Great Sound, were closed last Friday. Joint liquidators Alison Tomb and Simon Conway of ...

A teenager has won a scholarship with insurance and reinsurance firm XL Catlin against stiff competition. Kyrsten Burrows, 18, beat off nearly 30 other candidates for the prestigious four-year scholarship, open to students embarking on a degree in an...

The Royal Gazette/BSX Index today closed unchanged at 1,174 after a day of no trading. The BSX Insurance Index ended the day up 17.83 points, or 1.1 per cent, at 1,641.18.

Dear Dave, My husband and I are retired, we both receive nice pensions, and we owe $46,000 on our home. This is our only debt. I’m 65, he is 82, and we have more than $800,000 in variable annuities, along with substantial cash in savings. We also hav...

Government’s bid to grant status to overseas residents was flawed, a former top banker said yesterday. Philip Butterfield, former chief executive officer and chairman of HSBC Bermuda, said: “I think it was wrong in how it was addressed to date becaus...

The captive industry in Bermuda faces a new obstacle as tough new rules on reporting foreign assets come into force. Scott Slater, tax services partner at professional services firm PwC, said: “Our captive clients face a number of challenges with the...

A Bermudian construction firm has launched a new website. Island Construction Services said the new site will provide a full listing of products and services for customers. The company includes a construction arm, as well as Island Quarry Ltd and ICS...

Bermuda has overtaken the Cayman Islands as the domicile of choice for insurance-linked securities (ILS), according to the October 2015 Willis Capital Markets & Advisory report. In Q3 of 2011 Bermuda’s share of the ILS market was 18 per cent but by ...