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The Cayman Islands Economics and Statistics Office has estimated an unemployment rate of just 3 per cent in the first half of this year as the holiday destination reopened for tourism, the Cayman Compass has reported. The drop in unemployment for Cay...

Everest Re Group Ltd received top honours at the Inside P&C Honours awards ceremony, including the Hybrid Insurer of the Year award, which is an award that the editors designate to celebrate the outstanding achievements and exceptional talent from th...

KPMG has announced a raft of new appointments in addition to the retirement of managing director Damion Henderson, who had been in the role since 2008. Two new managing directors are Bron Turner and Ian Gardner. Meanwhile, new directors on the team a...

The RG/BSX Index remained unchanged at 2,375.41, with no activity on the main board of the Bermuda Stock Exchange. In New York, the Bank of N.T. Butterfield & Son Limited rose 16 cents (0.46 per cent) to close at $34.59.

Global financial services provider Apex Group Ltd announced the expansion of its global compliance solutions designed for US investment advisers. This follows the Apex launch of the service in the Singapore market with compliance services now offered...

New BF&M Limited group president and CEO Abigail Clifford has reacted to the confirmation of the Bermuda insurer’s “A” financial strength rating by AM Best. The rating agency affirmed the financial strength rating of A (Excellent) of BF&M Life In...

Walkers, the international law firm, has increased its Bermuda headcount by 25 per cent in the past 12 months, it said in a press release Wednesday. The firm said the rapid expansion was required to meet growing market demand and included investments...

The Regulatory Authority is inviting comment on proposed methodologies under consideration for calculating the feed-in tariff. The FIT is the predetermined rate at which renewable energy is purchased by Belco from residential or commercial distribute...

A rating agency has pledged to continue to monitor the status of the strategic review launched this summer by domestic insurer BF&M through to completion. AM Best said it will then evaluate the potential impact to BF&M’s rating fundamentals. The agen...

Bermuda was formally removed from the grey list by the Council of the European Union yesterday, as it added Anguilla, the Bahamas and Turks & Caicos Islands to the black list. The council said in a statement: “The commitment of Bermuda with regard to...