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Two young Bermudians who were hired by Coral Beach Club for the summer have been given rave reviews by the resort’s managing director. Tim Thuell praised the pair’s ‘remarkable attitude’ and said he hoped their experience would ‘open doors for them’....

Tower Group International said yesterday that it will not acquire American Safety Reinsurance (ASRe) as it had announced in June. Tower, an international insurer which is Bermuda-based and provides range of insurance products in the US and specialit...

Extreme weather events are taking their toll on the insurance industry even though midway through August the North Atlantic has yet to see its first hurricane of the year. So far there have been five tropical storms including the currently active sys...

Should you be watching your investment portfolio? Reuters and several other business media reported last week that the S&P market index was less than a percentage point away from its all–time high. Even with that assessment, trading market volume is ...

Third Point Reinsurance Ltd debuted as a publicly traded company on the New York Stock Exchange yesterday, raising around $276 million in its initial public offering (IPO). Chief executive officer John Berger, together with co-founder and hedge fund ...

Iron-Starr Excess Agency Ltd chief executive officer Stuart Anderson is to step down, as he is to relocate from Bermuda for personal reasons. Mitch Blaser, chief operating officer of Ironshore, co-owner of the business, will serve as interim CEO of I...

The Bermuda Post Office has cut staff by 15 percent, along with improving its delivery rate in recent months, according to the Postmaster General. Wayne Smith told the Hamilton Rotary Club that 85 percent of the organisation’s customers are now satis...