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The Royal Gazette/BSX yesterday closed unchanged at 1,303.68. The sole trading was in the Bank of Butterfield, which closed unchanged at $1.95 after 2,500 shares worth $4,875 moved. The BSX Insurance Index closed down 37.61 points (2.26 per cent) at ...

David Rose, the former managing director of Rubis, got in on the ground floor — and pumped gas for more than a year on his way to the top of the firm. Mr Rose, whose retirement was announced this week, joined predecessor Shell as its first Bermudian ...

The oil price crash is not proving to be an unmitigated disaster for all sections of the oil service industry. On the contrary, for ship operators and owners it is proving to be a lucrative time, and things are looking rosy for at least another year....

Two major firms with a presence in Bermuda officially merged yesterday in an $18 billion deal. Insurance and reinsurance firm Willis, which has offices on Pitts Bay Road, Pembroke, started operations in partnership with Towers Watson, a professional ...

FRANKFURT (Bloomberg) — Costs from natural catastrophes fell last year to the lowest level since 2009 as the weather effect known as El Nino reduced heavy storms in the North Atlantic, according to Munich Re, the world’s largest reinsurer. Global los...

Bermuda’s current account recorded a surplus of $224 million in the third quarter of last year. The figure represented a $62 million increase compared to the same period last year, partly driven by the fall in the global oil prices that led to Bermud...

The Royal Gazette/BSX yesterday closed down 0.38 points (0.03 per cent) at 1,303.68. The sole mover was insurance firm BF&M, which ended the day down five cents (0.29 per cent) at $16.80 after 7,842 shares worth about $131,995 traded. The BSX Insuran...

Business leader Donald Kramer is this year’s entrant into the Insurance Hall of Fame. Mr Kramer, the chairman and chief executive officer of Bermuda-based ILS Capital Management, won the award from the New York-based International Insurance Society. ...

Even with the arrival of January renewals there seems to be no end in sight to the soft market conditions that reinsurers have endured since 2012. In a blunt assessment, Willis Re has concluded that hopeful forecasts for a “softening in the softening...

New year: as we start a new year, and a leap year at that, let’s take advantage of the lessons learned from the past to create a better and bigger year for all of us. Start with making some specific goals for the year that you can measure every 90 d...