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Dear Dave, My wife and I are following your plan, and we’re in the middle of the Baby Steps. Do we have to wait until Baby Step 7 to buy a new car? ALAN Dear Alan, No, you don’t have to drive a beater until you pay off your house. My advice is to dri...

Aspen Insurance Holdings’ first-quarter profit fell by more than 10 per cent as catastrophe losses increased. The Bermudian-based insurer and reinsurer reported net income of $114.4 million, down from $128 million in the same period of 2015. Operatin...

Bermuda Telephone Company will move its bill payment centre to a new, permanent location next month. The company closed the doors of its Victoria Street payment office on April 8, moving the operation to a temporary office in Church Street. However, ...

A link-up between DHL Express and schools in Bermuda could see students create a portable, low-cost solar energy solutions that can be implemented for less than $50,000. Secondary school students have been challenged to invent a solar-powered solutio...

NEW YORK (Bloomberg) — XL Group, which plans to redomicile to Bermuda this year, hired former Zurich Insurance Group executive Dan Riordan as president of a new unit that guards commercial clients against risks that political tension could disrupt in...

NEW YORK (Bloomberg) — Bermudian-domiciled Lazard Ltd, the largest independent investment bank, said first-quarter profit rose 19 per cent, missing analysts’ estimates as revenue from asset management and advising on mergers declined. Net income clim...

Law firm Harneys has been drumming up business in Asia. Lawyers from the Bermuda office of the international firm this week delivered a series of seminars in Hong Kong designed to highlight services offered on the island. Sarah-Jane Hurrion, managing...

About 60 entrepreneurs, business owners, and other interested parties got tips on how to access alternative sources of financing for their businesses at a Bermuda Economic Development Corporation seminar. The event was held at the Bermuda Underwater ...

The Royal Gazette/BSX Index closed down 1.5 points, or 0.13 per cent, at 1,165.23. The sole trading was in insurance firm BF&M, where 4,900 shares worth $80,592 changed hands. The shares closed 20 cents lower, or 1.21 per cent, at $16.30. The BSX Ins...

AM Best has affirmed the ratings of Bermudian insurance group Argus. The agency gave Argus Insurance and Bermuda Life Insurance Company a financial strength rating of B++. “The ratings affirmations reflect the Argus Group’s consolidated positive earn...