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The Cayman Island Consumer Price Index increased by 11.2 per cent in the first quarter of this year when compared to the same period in 2021, the Cayman News Service has reported. The CNS commented that residents of the Cayman Islands have been livin...

The Government and the Bermuda Business Development Agency will take their promotional tour to Egypt’s luxury resort town of Sharm el-Sheikh, on the southern tip of the Sinai Peninsula, later this year. It is there in November that the Bermuda delega...

The six-day blockage of a vital maritime trade route last year by the Ever Given containership could result in more than $2 billion in claims, a leading French reinsurer has said. The Ever Given, which weighs 200,000 tonnes and is 400 metres long, ra...

Apex Group Ltd, the global financial services provider based in Bermuda, has been appointed by 3iQ Digital Asset Management, Canada’s largest digital asset investment fund manager. With $1.4 billion in assets under management, 3iQ offers investors co...

Fitch Ratings has assigned an 'A+' insurer financial strength rating to Athene Annuity Re Ltd. The rating outlook is stable. The ratings previously assigned to Athene Holding Ltd. and its insurance subsidiaries are unaffected. AARe's 'A+' IFS rating...

The RG/BSX Index plunged 101.43 (4.52 per cent) to close at 2,140.65, dragged down by the only two issues trading for the day. Bank of N.T. Butterfield Ltd closed at $29.95, a drop of $1.05 (3.4 per cent) on a volume of 1,400. Also falling was BF&M L...

The Bermuda Monetary Authority confirmed the registration of five insurers in May, taking this year’s number of new registrants to 32. The BMA approved two restricted special purpose insurers – Eagle Re 2022-1 Ltd and Marlin Re Ltd – as well as Frees...

A Bermudian-based insurer is to provide drought-affected households in Malawi with a climate insurance payout

The Bermuda Business Development Agency is promoting Bermuda as a base for fintech and climate risk finance in London this week

Somers Limited, the financial services investment holding company, has received an unsolicited offer from shareholders representing approximately 95 per cent of the company’s issued share capital to acquire all of the company’s issued shares. The Ber...