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Wildfires that have burnt through nearly five million acres in California and other western US states, causing deaths and destroying more than 9,600 structures, will cost insurers as much as $8 billion, according to Moody’s. In a report, Moody’s anal...

Olderhood Productions International, part of the Olderhood Group Ltd, is proud to have expanded its partnership with the Truli Media Group to publish its Leaders in Action Video Series. The Leaders in Action series features short video interviews wit...

Catalina Holdings Bermuda has named Sarah Ruberry as chief executive officer of Catalina General, the run-off specialist’s group’s Bermuda-based reinsurer. Ms Ruberry, a Bermuda resident, will take up her post in early November. She joins from StarS...

The Royal Gazette/BSX Index closed unchanged on 1,806.93 as no shares traded on the Bermuda Stock Exchange. The BSX Insurance Index fell 10.55 points, or 0.78 per cent, to 1,350.5. Butterfield Bank’s US-listed shares fell 23 cents, or 0.93 per cent, ...

Arcadian Risk Capital Ltd has launched a new underwriting operation based in Bermuda. The start-up will initially underwrite excess casualty and professional lines insurance. Arcadian has received its licence from the Bermuda Monetary Authority and w...

HSBC Bank Bermuda will be closed for business on Monday, because of the threat of Hurricane Teddy, the bank said tonight. In a statement, a spokeswoman for the bank added: “This is subject to change depending on how the situation evolves over the nex...

Phinsys, which provides finance automation software provider for the insurance sector, has launched a new product called Inform, which it said is in response to growing insurer demand for enhanced finance and accounting data analytics. Phinsys has an...

Strategic Risk Solutions, the fourth largest captive management company in the world, has reached an agreement to acquire the operations of Bermudian-based Dyna Management Services Ltd. All staff of Dyna, an independently-owned insurance management ...

Clarien Bank has announced a partnership with BE Solar to offer homeowners financing solutions for the purchase and installation of residential solar panel systems. It said the Clarien Bank Solar Loan allows BE Solar clients to invest in clean, rene...

Ten students graduated from a entrepreneurship programme hosted by the Bermuda Economic Development Corporation. Awards and a graduation ceremony for the third BEDC Summer Student Entrepreneur Programme was held at the Hamilton Princess and Beach Clu...