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Bermuda is awaiting an answer from a European Union financial watchdog on progress towards gaining a “passport” that would allow island-based alternative investment funds to freely market their services throughout the 28-country bloc. The island is o...

Jewellery retailer Diamonds International has a glittering future in Bermuda, according to store manager Platon Panagopoulos. Mr Panagopoulos, who moved from the Bahamas operation of the chain to open the Bermuda store in Dockyard two months ago, sai...

Validus Holdings’ second-quarter losses from extraordinary events were $60 million, led by costs from wildfires in Canada, the company has stated. The wildfires, which were centred on the Fort McMurray region of Alberta, resulted in an estimated net ...

A website allowing Bermuda residents, organisations and businesses to register for an internet address featuring “.bm”, the country’s top-level domain, briefly went live yesterday. However, it was taken offline after a few hours with visitors to the ...

The number of Bermuda property sales hit a five-year high last year, real-estate firm Coldwell Banker said yesterday. A total of 302 properties sold last year, up from 250 in 2014, with sales volume hitting more than $324 million, a slight rise on fi...

The Royal Gazette/BSX Index closed unchanged at 1,225.28. The Bank of Butterfield saw 10,792 shares move, leaving its price unchanged at $1.70. A total of 2,000 shares in financial firm Somers Ltd sold, with its price also unchanged at $13. Insurance...

Professional services firm Deloitte Ltd has announced two partner promotions. Elizabeth Cava has been given the role of audit partner, while Rachelle Frisby has been appointed financial advisory partner. Ms Cava has more than 13 years’ experience wit...

As business plans go, it was one that seemed highly unlikely to succeed. Make no mistake, the idea was noble — to set up a business and use its revenue-generating side to support a non-profit organisation that would help tens of thousands of people l...

A glass fusion school is breaking the mould at Dockyard. Studio8 Glass, part of Bermuda Glassworks, is now offering workshops in glass fusion to make jewellery and other items. Matt Hooper, who runs the studio while also working in the main glasswork...

The global insurance-linked securities market shrank by more than $1 billion in the second quarter, as new issuance slowed. That is according to a report by insurance blog website Artemis.bm, which found that new issuance of catastrophe bonds and ILS...