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Validus Reinsurance Ltd has won a second court battle with US tax authorities that could have wider significance for fellow Bermuda reinsurers. The US Court of Appeals, District of Columbia Circuit, handed down a summary judgment dismissing the appea...

People often wonder if purchasing insurance is worth the money, or if there has to be a major storm before a policy will pay out? It is all a matter of perspective. Insurance is there to protect you financially at a time when you need it the most. A ...

There’s been a quiet revolution on the Church Street level of Washington Mall as Jazzy boutique has enlarged its footprint in the shopping complex and now occupies a group of four units. There is the original Jazzy, together with Jazzy Too, Jazzy Plu...

Retail sales went up by more than two per cent in March compared to the same time last year. And the sale of vehicles showed the largest growth — up by more than a quarter (26.4 per cent). Analysts said the increase was due to a leap in demand for mo...

Four university students with aspirations to work in the field of information communication technology have been given the change to hone their skills with three-month intensive internships at four companies on the Island. When they successfully comp...

A chef has cooked up a new business idea — selling electronic equipment and other goods at US prices. Heinz Kleissner. a chef at Miles Market in Pembroke, took the plunge and is to open new store Hot Buys on Friday after selling computers and other e...

Bermudian Stephen Young is to take over as Endurance Specialty Holdings Ltd’s chief executive officer of global reinsurance from the start of next year. Mr Young, who is the chief underwriting officer and head of global catastrophe reinsurance, will ...

The UK government has set up a special task force to snatch lucrative catastrophe bond insurance-linked securities business from Bermuda. The British Government — then a Conservative/Liberal Democrat coalition — signalled in its budget last March tha...