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An oversubscribed initial public offering (IPO) for Bermuda-registered Markit Ltd is a vote of confidence for the Island, a partner in a leading local law firm said yesterday. The IPO was the fourth largest IPO in the US this year and values the ent...

Hamilton Insurance Group, the Bermuda-based holding company for property casualty reinsurer Hamilton Re, has announced that insurance and financial services veteran Bob Deutsch will join the company in the newly created position of Chief Strategy Off...

Dear Dave, What things do you advise buying used versus buying brand new? Amy Dear Amy, I’m afraid there’s not one good, across the board answer, because it all depends on where you are in your financial plan. When it comes to cars, you should alway...

Many of today’s most respected institutional investors pay close attention to a long-standing theoretical construct referred to as ‘Modern Portfolio Theory’ and for good reason. Modern Portfolio (MPT) was developed in the early 1950s by finance profe...

Citing a confluence of market stressors, Moody’s Investor Service joined other rating agencies in pronouncing a negative outlook for the global reinsurance industry. Financial and reinsurance market conditions, together with alternative market capita...

Last month, there was a reported story of an abandoned yacht left in the harbour at Stroustad, Sweden. After some two years of searching, the Swedish police were able to trace the yacht’s ownership to a wealthy Norwegian man who had “forgotten” where...

The global insurance industry could see a ‘big wave’ of consolidation over the next few years, XL chief executive officer Mike McGavick told delegates at the Airmic conference in Birmingham last week. Mr McGavick, speaking during the Airmic forum deb...

Malta’s Fogg Insurance Agencies Ltd has been rebranded as Argus Insurance Agencies Limited (AIAL). The press release announcing the name change stated that Maltese Prime Minister Joseph Muscat visited the Malta office last week to commemorate the reb...

Obtaining as much as $150 million in financing, juggling staffing issues and building and siting what could be a $300-million new infrastructure to feed Belco’s power plant are some of the hurdles in front of Bermuda’s electricity company. Belco must...

The path to a cleaner energy supply at a lower cost to the consumer could begin soon with “smart meters” for every home in Bermuda, together with conservation education. But it won’t come until Belco and government strike a deal determining how the b...