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Bermudian-based insurer and reinsurer Sirius Group has entered into a $300 million revolving credit facility. The senior, unsecured facility will give Sirius access to loans for working capital and general corporate purposes, and letters of credit to...

Bermudian-domiciled mortgage insurer Essent Group Ltd’s profits for the fourth quarter of last year received an $85.1 million boost from US tax reform. Essent said today it made net income of $162.6 million, or $1.65 per share, during the last three ...

There is no denying that technological developments are continually changing the way we live. Some of these developments have been in, and will increasingly be seen in, the insurance and reinsurance space. Many will have heard of “fintech”, a term de...

A group of friends raised $3,000 for good causes by going dry in January. Now the group of about 20 people, dubbed the Honourable Company of Dryathletes, has split the cash from their alcohol-free month between the Bermuda Youth Orchestra and youth r...

A blunder by a bank meant customers were hit this month with transactions from last year. HSBC customers’ accounts were debited at the start of February for transactions carried out between December 29 last year and January 1. One woman said on Faceb...

Young Observer is celebrating the class of 2018. Each week we feature a different senior school and their graduating class. This week, we salute Bermuda High School. We learn about their Round Square experiences; other overseas opportunities; their f...

New offices and a new chief executive have given fresh impetus to the Bermuda Insurance Institute. The organisation is looking to raise its profile, and that includes reaching out to the next generation of potential students to encourage them to con...

Christopher Johnson used to build with bricks and mortar, now he prefers Popsicle sticks and rubber bands. He finds the new tools more useful for the crafty birthday parties and camps he hosts for children. “In 2015, I lost my job in construction,” t...

Same-sex marriage in Bermuda was outlawed yesterday after the Governor gave Royal Assent to an Act designed to replace it with civil partnerships. John Rankin signed the legislation 61 days after it was backed in the House of Assembly and 56 days in ...

The British Airways flight to London tomorrow night will take off later than usual. A spokeswoman for the airline said the flight will leave at 11.20pm instead of the usual time of just before 8pm. She added the flight had been “retimed for aircraft ...

Quad bikes were spotted in the West End of the island yesterday and angry local residents questioned whether a controversial plan for commercial tours had been given the go-ahead. But a government spokeswoman said last night the proposal for commerci...

A former teacher on the island appeared in Magistrates’ Court yesterday charged with sexual assault on a teenager after he was extradited from the United States. The 47-year-old, who cannot be named for legal reasons, pleaded not guilty to sexually a...