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Banks are suffering the biggest pressures since the recession hit in 2008, a report from professional services firm PwC said yesterday. A still struggling global economy, poor business performance and risk from cyberattacks as well as increased regul...

The Royal Gazette/BSX closed down 1.13 points, 0.09 per cent, at 1,218.24. The sole trading of the day was 2,000 shares in insurance company BF&M, which saw the share end the day down 15 cents, or 0.9 per cent, at $16.75. The BSX Insurance Index clos...

The Royal Gazette/BSX today closed unchanged at 1,218.24 after a day of no trading. The BSX Insurance Index ended the day up 1.68 points, or 0.1 per cent, at 1,651.52.

Top banker Sandy Weill has retired as chairman of the board of Hamilton Insurance Group. Mr Weill, former chairman of Citigroup, will be succeeded by Hamilton founder and chief executive officer Brian Duperreault, however he will continue to advise t...

Bermuda’s business community believes that tackling the island’s debt mountain was key to revitalising the economy. Chamber of Commerce president John Wight said: “Government has a very challenging job to narrow the 2016-17 year deficit in order to m...

NEW YORK (Bloomberg) — American International Group veteran Brian Schreiber, who shepherded multibillion-dollar deals that expanded the company and then shrank it after the 2008 credit crisis, is departing as the insurer overhauls management. Seraina...

“Ask any veteran stock analyst what industry group draws the smartest but quirkiest colleagues,” strategist Nicholas Colas of ConvergEx Group wrote in a note to clients earlier this month, “and you’ll probably hear one sector more than any other: ‘In...

Everybody is talking about data. Where to store it, how best to capture it and in particular how to leverage it, for better market performance and future growth both in Bermuda and overseas. Executive management are hungry to be correctly informed. T...

Bermudian-based drinks giant Bacardi has asked a US government department to revoke its decision to grant the Cuban government the right to renew and maintain the trademark for Havana Club rum. The move is the latest in a long-running battle between ...

Cyberattacks, data thefts and online business disruptions will be brought into focus today as Bermuda promotes itself as the best place to set up captive insurance companies providing cyber risk coverage. A panel of experts will speak about aspects o...