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A Standard & Poor’s Global Ratings’ proposal to disallow senior debt as a form of available capital, continues to run into headwinds, with the Association of Bermuda Insurers and Reinsurers strongly opposing the draft plan they labelled “disruptive” ...

The BHS squad “Business of Babylon” has seized the lead heading down the stretch of the 21-team KPMG 17th Annual Senior School Investment Challenge, which ends on May 31. None of the teams have fully recovered all their losses for the season, althoug...

This is the fourth in a series of articles written in conjunction with Financial Literacy Month. Today we look at current finance-focused impact concerns about minimising inflation strategies being exercised by our three largest neighbours: the ...

Dear Dave, A relative of mine recently mentioned she had two life insurance policies. Is it okay for a person to have more than one life insurance policy? If so, why would someone do that? — Victoria Dear Victoria, There are no rules against hav...

The RG/BSX Index closed at 2,470.43, up 0.21 points (0.01 per cent) in a residual adjustment, as no domestic stocks traded for the third consecutive day on the Bermuda Stock Exchange. For the week, the Index was up 9.34 points (0.37 per cent), as onl...

AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “A-” (Excellent) of two wholly-owned subsidiaries of Bermudian-based Hamilton Insurance G...

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Bermudian-based Cedar Hamilton Limited and its parent company, Nuclear Electric Insurance Limited of Delaware. Cedar Ham...

A Caribbean leader struck a blow against the world’s most powerful countries — those that control what she warned is a flawed global anti-money laundering regime — during a multilateral meeting attended yesterday by the Premier, David Burt. Barbados ...

Kiara Somner’s new educational product business, Nylah Nailed It, was born out of the frustrations of pandemic mothering. “I never intended to start a business,” said Ms Somner, who works in reinsurance. “For part of the pandemic, I was working from...

The hits just keep on coming for Credit Suisse, with an announcement of an anticipated first-quarter loss for the bank, after taking a $210-million charge for exposure to the Russia-Ukraine war. This, some weeks after stating that it had to reserve s...