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AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of XL Bermuda Ltd (AXA XL) (Bermuda) and its subsidiaries. The outlook of these Credit Ratings (ratings) is stable. The rat...

Bermuda-headquartered investment management firm DigitalArray ISAC Ltd has announced the inception of its DigitalArray fund platform. The company said the platform enables select investment firms in the digital asset space to launch new funds quickly...

Danielle Pacheco was nervous when she launched Checks and Balances Bookkeeping, two months ago. “I am a reserved person,” she said. “I am not used to being out there.” But she was looking for a new challenge, and another revenue stream during these c...

This article is part three of the series on rewiring retirement. You were a modern working couple, headed to, or in retirement. Throughout your lives, working careers, family nurturing, relative caregiving, you have almost never, except possibly...

Dear Dave, I have decided it’s time to get control of my money. Your plan sounds workable, but I talked to some friends about it, and they think I would be better off using a credit card for emergencies. Can you explain why you advise saving a separa...

The RG/BSX Index fell 9.04 points (0.35 per cent) to close at 2,559.88, as one issue traded. The drop represented the total movement for the week The BSX Insurance Index remained unquoted. The Bank of Butterfield finished down six cents (0.19 per ce...

AM Best has upgraded the Long-Term Issuer Credit Ratings to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Ascot Bermuda Limited, as well as Ascot Insurance Company and Ascot Specialty Insurance C...

HSCM Bermuda is among the lead investors in a $75 million capital raise by Gracie Point Holdings, LLC, the global provider of life insurance premium finance. Gracie Point said lead investors in the issuance of preferred equity were affiliated with Hu...

As the new Bacardi brand manager in Bermuda, Bermudian Jalen Harvey really wants the island to be proud of the company. “I would love to see more Bermudians taking ownership and feeling proud of Bacardi,” the 28 year old said. He began to see the im...

Coralisle Group Ltd.’s subsidiaries’ Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) have been placed under review with developing implications by AM Best. The rating action follows the Coralisle ...