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After surviving recessions, a global economic downturn, a pandemic and a crippling stroke, how will the big boss celebrate today’s 40th anniversary of business at Selley’s Boat Trailer Service? The well-known owner had an answer that was vintage Mark...

A Bermudian businessman who was accused in the United States of a $135 million fraud in 2018 has now been told by authorities in the Cayman Islands that he, and two other directors of his failed company, Alpha Re, are “not fit and proper” to hold any...

The sale of Bermuda-based reinsurer PartnerRe to French mutual insurer Covéa for $9 billion is set. A statement on the Exor website said that the transaction would reinforce PartnerRe’s strategy, further confirming its status as one of the world’s l...

A leading rating agency has predicted that 2022 will bring the fifth consecutive year of premium rate increases for property catastrophe cover in 2022, and predicted that they will be double-digit rate increases. Fitch Ratings also said that it expec...

An insurance boss has complained that even though rates have hardened, they remain too low. Richard Brindle highlighted the rising catastrophe risks in an era of increasingly evolving climate-change exposures and said that there are inadequate rates ...

The Bermuda-based Aeolus Keystone fund, which specialises in property catastrophe insurance coverage, is about to lose a key client as a result of Monday’s vote of the Arkansas Teacher Retirement System's trustees. After advice from a consultant, the...

Fitch Ratings believes that tax advantages held by Bermuda (re)insurers will eventually be reduced as a result of the 15 per cent global minimum tax. But Bermuda will remain favoured as an insurance domicile and the agency will hold off on any ratin...

Two thirds of new jobs created in Bermuda in the next two years will come from entrepreneurs, a tech summit has been told. But while there has been a 300 per cent increase in businesses using online and e-commerce, there remains an urgency to re-tool...

Bermuda is poised to play an important global role in building resilience to climate risk, a sovereign surveillance report on the country has determined. But the island lags in steps needed to address its own defence. The report points to gaps in the...

Bermuda was given the nod of approval by Kroll Bond Rating Agency (KBRA), affirming the island’s long-term issuer ratings and revising it from negative to stable. The report says that the ratings were affirmed because of several key credit considerat...