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The traditional catastrophe reinsurance model is dying and won’t exist in ten to 15 years, delegates to the Insurance Day 2014 Summit Bermuda were told yesterday. This provocative prediction was made during the opening day of the event at the Fairmon...

The Bermuda corporate parent of a bond insurer at the centre of controversy over Detroit’s $18-billion bankruptcy hearings, has disclosed they could face difficulties if the judge rules against them. Their New York-based bond insurer subsidiary — Syn...

A bankruptcy judge this week delves into key issues in the worst municipal bankruptcy in US history. And in the middle is a Bermuda insurer whose holding company lists a Bermuda cabinet minister as a director. The case is scheduled to go to trial in ...

Tourism and government officials are earnestly seeking to negotiate more visits from smaller cruise ships for the Hamilton and St George’s ports. They are scheduled to meet this summer with top executives from several cruise lines. But with America’s...

An oversubscribed initial public offering (IPO) for Bermuda-registered Markit Ltd is a vote of confidence for the Island, a partner in a leading local law firm said yesterday. The IPO was the fourth largest IPO in the US this year and values the ent...

Obtaining as much as $150 million in financing, juggling staffing issues and building and siting what could be a $300-million new infrastructure to feed Belco’s power plant are some of the hurdles in front of Bermuda’s electricity company. Belco must...

The path to a cleaner energy supply at a lower cost to the consumer could begin soon with “smart meters” for every home in Bermuda, together with conservation education. But it won’t come until Belco and government strike a deal determining how the b...

After 50-years of continuous membership in the Institute of Directors (IoD), the Bermuda branch of the century-old organisation has honoured well known business and political figure, Jeffrey Christopher Astwood — he is more commonly known simply as J...

It was the “clash of the titans” yesterday, as two powerful corporate boards squared off in another round of a public battle for control of Bermuda-based Aspen Insurance Holdings Limited. The battle royal began anew as Aspen sent new filings to the S...