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Markel CatCo has appointed Mark Way as its chief operating officer. Mr Way, who is based in Bermuda, has worked for CatCo Investment Management Ltd since its launch in 2011. The firm was acquired by Markel Corporation in December 2015. CatCo manages...

Bermuda’s inflation rate rose to 1.8 per cent in December, with an increase in gasoline prices at the pumps and the cost of wine among the factors impacting the cost of living. The inflation rate was up 0.4 per cent on the previous month. Although ga...

The Royal Gazette/BSX Index today closed up 0.98 points, or 0.08 per cent, at 1,219.37. Insurance firm Argus was up five cents, or 1.3 per cent, at $3.90 after 2,500 shares traded. Utilities company Ascendant Group was unchanged at $4.70 after 2,000 ...

Bermuda was among offshore jurisdictions that came under the spotlight in an undercover probe by a charity into the movement of suspect funds into the US. An investigator from charity Global Witness, backed by Christian Aid, posed as the representati...

More than two-thirds of insurance company CEOs see technology as an opportunity, but also as a threat. Changing customer expectations means that data and analytics and relationship management systems are seen as ways to boost business. But nearly 80 ...

The Royal Gazette/BSX Index edged down 1.79 points, or 0.14 per cent, last week to close at 1,218.39. A total of 71,506 shares traded, valued at $147,668. Falling were HSBC Holdings, which lost 35 cents, or 5.3 per cent, to close at $6.25 after 1,319...

Fidelis Insurance, a Bermuda start-up, has recruited an executive from Aspen Insurance Holdings to be its group general counsel. Patricia Roufca will work from the Fidelis office in London, which was established in June 2015. At Aspen Insurance, anot...

The Royal Gazette/BSX Index today closed unchanged at 1,218.39 after a day of no trading. The BSX Insurance Index was unchanged at 1,631.83, as US markets were closed for the President’s Day holiday.

The Bank of Butterfield is to close its London private bank. The bank said that the British-based Butterfield Private Bank’s “scale and scope were not consistent with Butterfield Group’s growth strategy”. A spokesman for the firm said that it would m...

Dear Dave, What is your opinion of churches encouraging members to do e-giving with credit cards and debit cards? MELISSA Dear Melissa, I’m against debt, so I’m not particularly fond of churches asking people to use a debt vehicle to pay their tithes...