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Reinsurance firm PartnerRe has topped a list of America’s 50 most trustworthy financial-services companies drawn up by a prestige business magazine. Insurer and reinsurer Axis, which came fifth on the list, also featured in last year’s top 50. The Fo...

A boom in mergers and buyups in the reinsurance industry is set to continue into next year. Ratings agency Standard & Poor’s said that companies would continue to combine to prow business and demands for greater scale from clients. A report by Standa...

Shares of paint firm Devonshire Industries lost nearly half their value on a busy day of trading on the Bermuda Stock Exchange today. Devonshire, which owns Bermuda Paint, fell by $2.99 (49.8 per cent) to a two-year low of $3.01 on the trading of 1,5...

An upward trend in sales receipts for retailers sharpened further in June, and has been hailed as “a positive shift in consumer confidence”. The retail sales index notched up an eleventh consecutive month of improvement, year-on-year, in June. It ros...

As temperatures rise, so do sales of ice cream, but this summer is proving to be an exceptionally busy one for ice cream sellers. On some days the sheer number of tourists outside the Meltdown Ice Cream kiosk seeking a cool treat has resulted in queu...

Bermuda has been named on a list of 39 tax havens by the District of Columbia in the US. The Island is joined on the list by other offshore centres like the Cayman Islands, Jersey, the British Virgin Islands, the Bahamas and the Isle of Man. The chan...

Blue Capital Global Reinsurance Fund Ltd saw the net asset value of its ordinary shares increase by 1.9 per cent in the first half of this year, after accounting for dividends declared. The company had $212.9 million invested in Blue Capital Global ...

The Royal Gazette/BSX Index today closed unchanged at 1,184.44. The sole trade on the Bermuda Stock Exchange was 102 Bank of Butterfield shares, which left its price unchanged at $1.70. The BSX Insurance Index ended the day up 28.41 points (1.84 per ...

A green-energy entrepreneur is to host a series of events designed to cut fossil fuel use and pollution. Mohamed Hamza’s Dragonfly company will three hour-and-a-half seminars at Hamilton’s Pier Six on Friday and Saturday. Mr Hamza said: “There is a e...

Fitch Ratings believes that the emerging trend of catastrophe bond issuance will catch on in the Asia-Pacific region, particularly for catastrophe-prone markets such as Japan and China. It said this was likely as the region steps up efforts to streng...