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The RG/BSX Index closed down 9.13 points (0.36 per cent) to 2,492.47 as one issue traded on the Bermuda Stock Exchange. BFM Ltd fell $1 (4.5 per cent) to $21 on trading of 800 shares. On the New York Stock Exchange, Bank of N T Butterfield Ltd fell 1...

Capital unable to get significant returns from ILS investment could bolt for greener pastures, a Fitch Ratings assessment has determined. The report says the fallout from Hurricane Ian could test the investor appetite for bonds. Reinsurers have used ...

Apex Group Ltd, the Bermudian-based global financial services provider, has supported the launch of the not-for-profit Apex Foundation with a “considerable cornerstone donation” from company founder and CEO Peter Hughes. The donation by Mr Hughes is ...

The Bermuda Monetary Authority confirmed the registration of four insurers in September, taking this year’s number of new registrants to 56. The BMA approved two Class E insurers, AeBe ISA Ltd and Agam Bermuda ISAC Ltd, as well as Kemper Bermuda Ltd ...

Entrepreneur Joe Vieira has bought QRS, the waste and refuse removal business, from Island Waste Management Ltd. A new company, QRS Ltd, has been formed. Mr Vieira has owned and operated Joe Vieira Trucking Ltd for 25 years. He said: “As a result of ...

The Supreme Court of Bermuda has granted winding-up orders in respect of island-based Genting Hong Kong Limited and its indirect, non-wholly owned subsidiary Dream Cruises Holding Limited. The orders were made in accordance with Section 161 of the Co...

Retirement might be a long way off for you, or it may be knocking on your door. Either way, your current self and your future self are inseparable; you cannot divorce or sack yourself; you are together “until death do us part”. And so, like any good...

Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has expanded its European presence with the opening of branch offices in Paris and Düsseldorf. Both are branches of Everest Insurance (Ireland) DAC. Plans for a third ...

The RG/BSX Index rose 67.04 (2.75 per cent) to 2,501.60 as two issues traded on the Bermuda Stock Exchange. West Hamilton Holdings Ltd was unchanged at $7.00 after 1,500 shares changed hands. Bank of N.T. Butterfield Ltd rose $1.25 (3.7 per cent) to ...

The Loren Hotel at Pink Beach in Tucker’s Town is preparing for an unusually busy autumn of occupancy, with management bullish on Bermuda’s future tourism success. Tarryn Clark, the upbeat general manager, said a traditionally soft November for booki...