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Monument Re’s Irish subsidiary, Monument Life Insurance DAC, has completed the acquisition of a closed-block portfolio of variable annuities from Athora Ireland plc, a wholly owned subsidiary of Athora Holding Ltd. The portfolio has been in run-off s...

The reinsurance market is now projecting, through public reporting, that the total ultimate Covid-19 loss estimate will be about $48.2 billion, but allocated to the 2020 reporting year. A significant amount of this total — $18.9 billion (39 per cent)...

Offshore drilling services leader Valaris Limited, the Bermuda exempted company, has been awarded new bareboat charter agreements with ARO Drilling for several jackups. ARO Drilling has signed contracts with Aramco for the same periods as the barebo...

Sydney Neal ACA is encouraging young Bermudians to follow her into accounting. She has just qualified herself, but she is already well-versed with the wide range of opportunities open to her. She has heard an earful of it from her family. Sydney grad...

Financial services companies were the biggest gainers on the 2021 Bermuda Stock Exchange, with one company more than doubling its share price during the course of the year and others with strong improvements during the second year of a problematic pa...

The surge of interest in Bermuda as a jurisdiction for fintech business means that the island expects to see more investors and venture capitalists looking for new opportunities, particularly given Bermuda’s regulatory certainty and transparency. Thi...

The RG/BSX index closed unchanged for the day at 2,595.09 after 3,400 shares of BF&M changed hands, with the stock closing at $23. All week trading on the Bermuda Stock Exchange consisted of 4,400 BF&M shares changing hands and 1,000 Bank of Butterfi...

Legacy (re)insurer acquirer, DARAG, today announced the conclusion of the second novation agreement with a leading Cayman reinsurer to provide finality for its US liability books. The transaction has been written into DARAG Bermuda Ltd. and is the s...

A popular East End restaurateur and tourism entrepreneur is cutting his staff of 36 by more than half next week as he anticipates depressing business in the first quarter of the year. While he is hoping to bring them back, The White Horse restaurant ...

The latest figures for retail sales continue a miserable trend with September’s retail sales down 3.8 per cent compared with last year, according to the Retail Sales Index (RSI) just released by the Cabinet Office. It was the third consecutive month ...