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The Government said on Friday that inflation, as measured by the Consumer Price Index, rose 2.5 per cent in the 12 months to October. A Ministry of the Cabinet Office statement said that during October 2021 consumers paid 2.5 per cent more than they ...

Financial services investment holding company Somers Limited has reported a $24.4-million first-quarter loss on its investment portfolio (2020: gain of $179.9 million), driving net asset value per share at the end of December down to $26.32 (Septembe...

Market volatility or teenage angst may have been what has left only one of the 17 teams in the KPMG 17th Annual Senior School Investment Challenge with the $100,000 they began with at the start of the six-month exercise. The competition began in Nove...

Clay Rhoades has been named CEO of Hamilton Select Insurance Inc, a US excess and surplus lines insurer formed by Bermudian-headquartered global re/insurer Hamilton Insurance Group Ltd. The newly launched entity has received a financial strength rati...

The pressure group that targeted the international specialty insurer and reinsurer Convex in London and in Bermuda has claimed victory again in its anti-coal stance aimed at the corporate world. Market Forces said it was their pressure that caused a ...

Alexis Bean has been promoted to the position of reinsurance operations associate at Elementum (Bermuda) Ltd. She previously held the post of reinsurance operations analyst. Ms Bean is focused on facilitating operations functions for collateralised r...

CrossTower, the crypto and digital asset exchange with an office in Bermuda, has partnered with Arabian Camels, a non-fungible token (NFT) community that is making a first-of-its-kind Hollywood movie. CrossTower said Antara will be the first decentra...

Apex Group Ltd has acquired Best Alternative Advisory Services, an Indian-based, specialised financial services provider. The Bermudian-based global financial services provider said the acquisition of Best will add assets under administration of $30 ...

Bermudian-based Textainer Group Holdings Limited, one of the world's largest lessors of intermodal containers, has reported net income of $273.5 million for fiscal year 2021. That compares with net income of $72.8 million in 2020. The company reporte...

Valentine’s Day is near, reminding us of the toll taken on relationships by this pandemic, still grinding on, as everyone hopes for a return to normalcy soon. There have been so many unanticipated local and global challenges to economies and health ...