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Bermuda healthcare system — already among the world’s most expensive — is “unsustainable” on its current trajectory of rising costs, according to the boss of a leading health insurer. BF&M Ltd CEO John Wight said the demographics of an ageing populat...

Catastrophe bonds are becoming a progressively cheaper form of reinsurance as the dynamics of the insurance-linked securities (ILS) sector change. That is the view of Tony Ursano, chief executive officer of Willis Capital Markets and Advisory (WCMA),...

Banks are expecting more countries to require them to send details of their citizens’ overseas accounts. The US Fatca regulations, which took effect in July this year, require financial institutions in participating countries such as Bermuda to feed ...

The new Apple iPhone has arrived in Bermuda and is already much in demand. Audio Visual Eelectronics’ Kevin Davies said he’d sold about a dozen of the iPhone 6 models on the first day he had them in stock on Tuesday this week — even with a price tag ...

With pricing weakness in most lines of reinsurance and a glut of capital, reinsurers should not be drawn into a passive mode, waiting for a major event to shake up the market. That is the view of Alex Moczarski, chief executive officer of global rein...

A delegation from Bermuda went to Mexico City to make new trust business ties. The 12-strong group attended a series of targeted meetings as well as the STEP (Society of Trust and Estate Practitioners) Latin American Conference in Mexico City on Sept...

Spending on information and communication technology (ICT) capital goods has fallen by half over the past five years, Government statistics reveal. Last year $70 million was spent on ICT goods, such as computers — down $22 million, or 24 percent, fro...

Hamilton Insurance Group is in exclusive talks with the parent company of Lloyd’s managing agent Sportscover Underwriting Ltd — and the parties expect to announce a deal soon. Hamilton CEO Brian Duperreault said he had been looking for the “right str...