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Enstar Group Ltd’s net income plunged by more than two thirds on investment losses. The Bermuda-based insurer, which specialises in buying companies or units that have stopped writing new business and managing their assets and ongoing obligations, ma...

Dear Dave, My wife and I are thinking about selling our home. I was recently let go because of downsizing, and I’ve begun a job in real estate but things are starting slowly. My wife works as a teacher, and the only debt we have is our house payment....

Insurance and reinsurance giant XL Catlin is to launch a $1 billion share buy-back programme and raise its dividend by 25 per cent. The new scheme replaces a previous programme, which had around $97.6 million remaining. The company said the share acq...

Only a considerable natural disaster or a market disruption is likely to stem the proliferation of mergers and acquisitions now impacting the insurance and reinsurance sector. That is the conclusion of a mid-year report from Guy Carpenter & Co, which...

Assured Guaranty’s shares rose 3.5 per cent yesterday as the Bermuda-based bond insurer’s second-quarter profits beat expectations and fears over its exposure to Puerto Rican debt eased. Net income for the April-through-June period totalled $297 mill...

A Bermudian craftsman aims to restart Bermuda’s tradition of boat building. Now Neil Fox — founder of Blackwolff Powerboats in St David’s — is to use this weekend’s Round-the-Island boat race to showcase his skills with a self-designed racing boat an...

Shoppers paid 2.1 per cent more in June for goods and services than a year before. And the Island’s inflation rate went up 0.9 percentage points from the 1.2 per cent measured in May. Health and personal care notched up the largest increase year on y...

Debbie Bean, the new owner of Grannie’s Kitchen, is working to enhance the restaurant’s reputation as the place to go for home cooking and Bermuda fishcakes. The establishment on North Shore Road, in Pembroke, has been operating for many years. Howev...