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A massive explosion in a Chinese port helped propel insurance firm Allied World to a loss of $51.6 million in the third quarter. The Switzerland-based firm, which maintains a Bermuda operation, said the explosion in Tianjin in August cost it nearly $...

A loosening of reinsurance regulations in Brazil could provide a boost for Bermuda business, the president of the Association of Bermuda Insurers and Reinsurers (Abir) said yesterday. Bradley Kading told an international relations meeting in Rio de J...

Entrepreneurs who present the best seven-minute pitch for a business idea could secure up to $5,000 in venture funding and support services. That is what is on offer in the 8th Annual Rocket Pitch competition, being run by the Bermuda Economic Develo...

There were no trades on The Royal Gazette/BSX Index, which remained at 1,215.11 points. The BSX Insurance Index rose for a sixth consecutive session, up 16.74 point (1 per cent) to close at 1,695.39.

Business leaders believe the economy is moving in the right direction and consumer confidence has hit an eight-year high, according to a snapshot of results from a Bermuda survey. The HSBC Business Confidence Index, based on a survey carried out in ...

A change of government in Canada is unlikely to lead to a crackdown on offshore jurisdictions, a Bermuda-based financial expert predicted yesterday. Canadian-born Nathan Kowalski, chief financial officer of Anchor Investment Management and a regular ...

Kathy Garrigan has been appointed as senior vice-president and head of actuarial services at Horseshoe Group. She will be responsible for all pricing and reserving advisory activities for the Horseshoe group of companies. In a statement, the company ...

The first Bermudian has been picked for a special programme run by financial services firm Sun Life aimed at giving recruits international experience. Rochelle Williams, who has a Bachelor of Commerce degree with honours from Ireland’s University Co...

Global insurer Ace Ltd generated record operating income for the third quarter and comfortably beat analysts’ estimates. Net income was down by nearly a third, however, to $528 million in the July through September period, compared to $785 million, a...

It is still early days, but the business buzz created by the Louis Vuitton America’s Cup World Series Bermuda event continues to build. Banks, restaurants, food suppliers and vendors have praised the positive effect the sailing spectacle has had on t...