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RenaissanceRe Holdings Ltd, the Bermudian-based reinsurer, has reported a first-quarter net loss attributable to common shareholders of $394.4 million. That compares with a net loss of $290.9 million in the first quarter of 2021. Operating income att...

Three deaths linked to Covid-19 were reported yesterday by health officials, bringing the island’s confirmed death toll from the pandemic to 134. Bermuda also continues to see a climbing rate of new infections, with 409 active cases – the highest num...

Apollo Group Holding Ltd, the independent specialist insurer and reinsurer, has appointed Bermuda market veteran Susan Pateras as independent non-executive chairwoman of Apollo Bermuda Limited, the group’s recently established Bermudian subsidiary. T...

A Warwick Academy student who sustained a traumatic brain injury in a car crash last year is preparing to participate in the Convex End to End on Saturday. David Goonewardene , 17, from Paget, will be joined by his schoolmates in the walk, which mar...

Sue Couper has been appointed the new general manager of LOM Asset Management Limited. This is her second tenure with LOM, having spent five years previously with the company as managing director for LOM Financial (Bermuda) Limited. Ms Couper has nea...

Public education will be the tool used to combat a pitbull “crisis” driven by illegal dog breeding, the home affairs minister said yesterday. Walter Roban said that efforts would be taken to remind pitbull owners of their responsibilities as caretake...

Bermudian-based Axis Capital Holdings Limited has launched a portfolio underwriting unit which targets multi-class portfolio business that is placed in the London specialty insurance market. Axis said the portfolio team is now actively underwriting p...

A surge of passport applications and delays overseas means that Bermudian applicants face a longer wait, the Government said yesterday. A spokesman for the Department of Immigration said that the UK Government had confirmed that those who are attempt...

Restructuring involves changing the financial, operational, legal or other structures of a business to make it more efficient and more profitable. It is not a “one size fits all” process. Today, in the time of Covid-19, there are a lot of distressed ...

Residents of a Smith’s neighbourhood have called for “industrialisation” of the area to be halted pending a traffic study. Almost 60 residents of Lolly’s Well Road, Hamilton Sound Road and Manor House Condominiums have signed a petition against a pla...

Seif Shenawy pulled off a stunning upset by toppling No 1 seed Faraz Khan on day two of the Chubb Bermuda Squash Championships. The Egyptian won the second round match against his American opponent 11-6, 5-11, 15-13, 11-9 on court No 2 at the Bermuda...

Speeding remains the top offence on Bermuda’s roads as police issued 538 tickets for various offences in the past two weeks. A police spokesman said it was 353 more tickets than the previous two-week period. It brings the total tickets issued during ...