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Government got slammed last week for underestimating by $10 million the amount of money that would be required for financial assistance in the current financial year. Estimating claims in a weakening economy is always going to be difficult. But the ...

Around 70 people from 24 countries have been flying into Bermuda for this week’s Americas’ Central Securities Depositories Association’s General Assembly, hosted by the Bermuda Stock Exchange. The event will be officially opened by the Premier Paula...

Bermuda-based insurer Majestic Capital Ltd and its subsidiaries expects to file for bankruptcy in Bermuda and the US after its proposed merger with private-equity Bayside Capital Partners fell through. Bayside cited a material deterioration in Majest...

No Vote = No Voice March 8, 2011 Dear Sir, I am a young Bermudian male, 21 to be exact, and I am writing in reference to the fact that all young Bermudians need to get involved with our Island’s affairs, more so our political endeavours. I myself am ...

WASHINGTON (Reuters) - American workers are more pessimistic about their retirement outlook than at any other time in the last two decades, the Employee Benefit Research Institute reported. In its annual Retirement Confidence Survey, it found that wo...

Axis Capital Holdings Ltd has estimated losses of $275 million to $315 million from the New Zealand earthquake and catastrophes in Australia. The insurer expects the New Zealand earthquake losses to be between $185 million and $215 million and the Au...

The cost of Government health care plans will increase by more than ten percent on April 1, it was announced today. Health Minister Zane Desilva said HIP, Government’s basic health coverage plan, would increase by $86 a month while FutureCare, Govern...

VIENNA (Bloomberg) - HSBC Holdings plc, Europe’s biggest lender, was warned twice by auditors that entrusting as much as $8 billion in client funds to Bernard Madoff opened it up to “fraud and operational risks”. KPMG LLP told the London-based bank a...