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Bermuda reinsurers are keeping a close eye on ballooning property insurance rates in Florida, downgrades to the state’s property insurers precipitated in part by insurance fraud and expensive litigation, all in the path of another above average hurri...

PwC’s Global Economic Crime and Fraud Survey 2022 highlights cybercrime as the biggest threat. Almost half of nearly 1,300 business leaders reported their organisations had experienced fraud or financial crime over the past two years. And 70 per cent...

A Caribbean leader struck a blow against the world’s most powerful countries — those that control what she warned is a flawed global anti-money laundering regime — during a multilateral meeting attended yesterday by the Premier, David Burt. Barbados ...

The hits just keep on coming for Credit Suisse, with an announcement of an anticipated first-quarter loss for the bank, after taking a $210-million charge for exposure to the Russia-Ukraine war. This, some weeks after stating that it had to reserve s...

Tonight is Bermuda night in San Francisco at Riskworld, the Rims Conference, as the island hosts a gala reception in San Francisco’s theatre district, three blocks from Union Square. The location is the swanky 620 Jones, at 620 Jones Street, a one-of...

Bermuda’s dominance as the world’s leading captive domicile may be under threat, like never before. This, as the government flies the flag in support of a contingent of Bermuda insurance industry executives, at the Risk & Insurance Management Society...

A government restaurant concession in Devonshire has been shut for more than six months with no explanation as to when it will reopen. And the temporary liquor licence obtained so that the Government could at least provide beverages and recoup some r...

Banks’ ratio of Bermuda dollar loans to deposits plunged in 2021 as personal savings increased and the amount being lent dropped

Small and medium-sized businesses are being overwhelmed by taxes and red tape which are putting their survival at risk, a leading entrepreneur said yesterday. Jonathan Smith, CEO of The Origin Company Ltd., said the challenges are the greatest seen ...

A leading entrepreneur says Bermuda is not open for business for people running smaller companies