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Allied World Assurance yesterday reported net income of $153.4 million for the second quarter of the year — up nearly $144 million on the same period in 2015. The figure is equivalent to $1.70 per share, compared to ten cents per share for the sane p...

For the first time in 12 months retail sales have fallen year-on-year in both value and volume. During May the value of sales decreased 1.4 per cent below the $97.9 million recorded in the same month in 2015. After adjusting for the annual retail sal...

Telecoms firm KeyTech dropped 10 cents, or 3.33 per cent, to $2.90 on The Royal Gazette/BSX Index. The fall came after 2,931 shares traded. Bank of Butterfield preference shares fell by $10, or 1 per cent, to $1,040 after 38 shares changed hands. Uti...

Uncertainty. When decisions have not been taken, for whatever reason, we are left wondering what will happen? This circumstance, often described as “being in limbo”, creates a whole series of issues as far as making progress is concerned. The most ...

Bermudian-headquartered Qatar Re has strengthened its Dubai team with three appointments. All three are former employees of the Zurich Insurance Group. Manik Kak joined the company from Zurich Insurance Company, in Dubai, where he was chief underwrit...

Randall & Quilter Investment Holdings Ltd has acquired a Bermudian Class 3 insurer in run-off. R&Q, which is also based in Bermuda and listed in London, said yesterday that it paid $1.4 million in cash for Agency Program Insurance Company Ltd, a segr...

Students interested in learning more about accounting and actuarial opportunities with PwC Bermuda are welcome to attend the company's annual HeadStart Student Networking reception on July 26. PwC's current 14 interns will be at the event. They have ...

Political warfare is denting business confidence in Bermuda, a major survey of private-sector leaders has found. The report said: “More than one third of business leaders feel that better Government leadership/political stability would positively imp...

Bermuda must strengthen its rules on enforcement and investor protection before it can become eligible for its European Union funds “passport”. That is the view of the European Securities and Markets Authority, which was considering the island’s appl...

Insurance firm Argus rose 15 cents, or 3.8 per cent, on The Royal Gazette/BSX Index. The move came after 1,500 Argus shares changed hands in the sole trading of the day. The Royal Gazette/BSX Index closed up three points, or 0.25 per cent, at 1,206.7...