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Bermuda-based Qatar Reinsurance Company has been granted a licence to operate a branch office from the Dubai International Financial Centre (DIFC) in the United Arab Emirates. The approval was given by the Dubai Financial Services Authority and becam...

Two former staff of Montpelier Re have joined Novae Group, and will work for the insurer’s US direct and facultative (D&F) team at the company’s Bermuda office. Keerome Maybury has joined Novae as a senior associate underwriter. He was formerly an as...

Warwick Academy’s From Bears to Bulls team in the KPMG Investment Challenge may be in their pyjamas — but they are not sleeping on the job. The team was sitting third in the November ratings in the annual schools competition, just behind Dobby’s Trad...

A Bermuda-based property website is to expand into Guernsey. Propertyskipper.com has already signed up leading estate agents in the Crown Dependency in the Channel Islands for its website — and has plans for further expansion. Propertyskipper.com dir...

The Royal Gazette/BSX Index closed down 39.71 points (2.98 per cent) at 1,293.22 today. The sole trade was 10,924 shares in the Bank of Butterfield. The move left the bank’s price down nine cents (4.5 per cent) at $1.91. The BSX Insurance Index ended...

The Chinese tycoon whose firm has just taken control of Bermuda-based insurance firm Ironshore in a $1.84 billion deal is assisting authorities with an investigation. Guo Guangchang, the billionaire chairman of Fosun International and one of China’s ...

An $18 billion merger deal between Willis Group Holdings and Towers Watson has been approved by shareholders in both firms — despite some opposition. A spokesman for Willis, in a statement on preliminary results from the vote, said: “Shareholders of ...

The Island’s two biggest coffee distributors have blended. Convenience Coffee and CoffeeWorks have merged into a single company, which will operate under the Convenience Coffee banner, to become the largest of its kind in Bermuda. The owners said tha...

Butterfield Bank and Ascendant Group climbed sharply in Bermuda Stock Exchange trading last week. Butterfield was the biggest climber, shooting up 14 cents, or 7.5 per cent, to close the week on $2, as more than 76,000 shares traded. Ascendant, owner...

Pop-up stores are proving a boost for businesses and Hamilton’s Washington Mall. A total of ten traders have set up shop over the festive season in the Mall. And city centre storefronts are proving popular with Dockyard-based stores who are in the of...