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Threatened and asserted claims by two small investors prompted a buyout transaction offering accelerated return of capital to investors of Markel CATCo Reinsurance Fund Ltd and CATCo Reinsurance Opportunities Fund Ltd. In addition, it has led to the ...

A government policy that has allowed second-hand vehicles to be imported for commercial use is under review, a government spokesman has disclosed. In effect for some years, the policy has quietly slashed the cost of vehicles for small businesses and ...

Asset managers professionals, angel VCs and others interested in learning and networking with industry advocates have been invited to participate in a lunchtime webinar on Thursday to explore investing in psychedelic technology. The $60-million Cons...

The march to world domination may be predicated on the simple formula of putting the client first and providing for them at the highest standard. Quality of service was at the very core of the origins of the Apex Group. Observing inconsistencies was ...

Young Bermuda talent is being invited to join a company building the next generation of cyber reinsurance products. A UK company with its underwriting based on the island is expecting that new investment will facilitate an expansion of their Bermuda ...

Government will expand the powers of the Bermuda Monetary Authority to ensure banks treat their customers fairly, legislators have been told. Other financial institutions will eventually be included, with an aim of further developing the existing con...

A new study from an American think tank is the latest development in proposals for a global corporate tax scheme that could threaten Bermuda’s international business. But the report has concluded that Bermuda reinsurers are crucial to the United Stat...

Unprecedented global forces directly attributable to the pandemic, are raising the cost of building a Bermuda home. Even those making additions or renovations may face massive price increases on some products, delays, shortages, and in some cases, no...

A new estimate from catastrophe modelling firm, Karen Clark and Company (KCC) yesterday puts the insured loss from Hurricane Ida close to $18 billion – including $40 million in the Caribbean and the rest from wind and storm surge losses in the US. Ea...

Hurricane Ida will be more of an earnings hit as opposed to a capital event for the insurance industry, A.M. Best posits in its latest commentary. The rating agency said that because a number of Louisiana writers are regional players with lower level...