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Government is taking action to improve the supervisory platform for an element of international business over which the island continues to face international scrutiny. In fact, even as new measures are being enacted to make the island’s value propos...

A Canadian news outlet has targeted a billionaire family for its use of “an offshore insurance company that allowed them to move millions of dollars in profits out of Canada and into the ‘tax haven’ of Bermuda”. But the extensive article refers to no...

The RG/BSX Index closed unchanged at 2,436.96 in the absence of trading on the Bermuda Stock Exchange. The Bank of N.T. Butterfield & Son Limited closed down $1.42 (4.35 per cent) at $31.22 on the New York Stock Exchange.

Bermuda reinsurer RenaissanceRe Holdings Ltd. has posted a third-quarter net loss of $825.3 million. The company said Hurricane Ian and certain other catastrophe events contributed to a $648.4 million net negative impact on the net loss attributable ...

The Regulatory Authority’s senior manager for energy will be promoted to the role of chief executive, the board of commissioners have announced — the fifth appointee in just ten years. Abayomi Carmichael will assume the RA’s top post January 1, 2023...

The Financial Action Task Force has retained Barbados, Cayman Islands and Jamaica on the Grey List, citing strategic deficiencies in their countering of money laundering, terrorist financing and proliferation financing. The decision came from the rep...

US life insurers cede more than a half a trillion dollars in annual premiums to Bermuda’s long-term reinsurers, and a new study claims it has become a source of industry concern. In fact, Bermuda was by far the largest foreign reinsurance destination...

The Police and Fire Retirement System for the City of Detroit late last week filed a class-action lawsuit against Argo Group International Holdings Inc, the Bermuda international underwriter of property and casualty insurance with offices on Pitts Ba...

Capital unable to get significant returns from ILS investment could bolt for greener pastures, a Fitch Ratings assessment has determined. The report says the fallout from Hurricane Ian could test the investor appetite for bonds. Reinsurers have used ...

The Loren Hotel at Pink Beach in Tucker’s Town is preparing for an unusually busy autumn of occupancy, with management bullish on Bermuda’s future tourism success. Tarryn Clark, the upbeat general manager, said a traditionally soft November for booki...