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A reader asked the question: “I have $40,000 sitting in a local bank account, just doing nothing. Can you advise on best investment options to yield a higher rate?” The first part of the answer was published on June 10, this is part two. In the first...

Markets have been on the upswing over the past few months and have recently hit brand new highs. Accommodative central banks around the world have helped stoke this rally, but at least a portion of the gains are likely attributable to optimism over A...

Tony Belisle has extended his contract as chief executive officer of Markel CatCo Investment Management Ltd by a further two years. His contract was had been due to end on December 31 next year, it has now been extended to the end of 2020, after whic...

Randall & Quilter Investment Holdings Ltd has announced two loss portfolio transfer reinsurance contracts in successive days. The deals will transfer around $90 million in undiscounted liabilities to the Bermudian-based insurance services and investm...

Dear Dave, How do you know when you should file an insurance claim on a homeowner’s issue, versus just dealing with it and paying cash? — Ben Dear Ben, Basically, it’s when you begin to feel the pain financially. Let’s say you have a $1,000 deductib...

Another Reader FAQ to Moneywise: “Can a US citizen obtain a Bermuda issued credit card if they have a PO box address in Bermuda?” Short answer = No. Long answer = No. Very, very long answer = Maybe, under certain circumstances. First reason. A pos...

Investment manager Blue Capital yesterday said the firm had nearly $174 million in Blue Capital Global Reinsurance after the June renewal period. The company’s total investment after the renewals is down $17.3 million year on year. Mike McGuire, chie...

A study has revealed how the importance of embracing digitalisation is creating leaders and laggards across the business world. Sponsored by XL Catlin, the Harvard Business Review Analytic Services study, entitled Operationalising Digital Transformat...

Antoine Jackson has been awarded the 2017 Deloitte Scholarship. The scholarship award offers up to $20,000 per year for a maximum of three years and is available to Bermudians pursuing an undergraduate degree with an interest in accounting, actuaria...

There is still time to register for a lunch-and-learn demo session of an online Bermuda payroll system, which will take place at the Bermuda Chamber of Commerce tomorrow. Businesses are being given a second chance to see a free demonstration of the s...

A pioneer for women in the legal profession recognised her predecessors at a ceremony held in her honour. Shirley D. Simmons was acknowledged for being Called to the Bar a half century ago yesterday. A tree planting celebration at the Arboretum was ...

Dear Dave, When you use the envelope system, what should you do with any leftover money? MANDY Dear Mandy, My suggestion would be to carry it over to the next month. Lots of folks don’t use all the money in their clothing envelope during a month. The...