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Digitisation of money is gaining momentum across the world and Bermuda is at the cutting edge. That was one of the takes from session at the Bermuda Tech Summit, which focused largely on stablecoins, digital currencies backed by traditional currencie...

Employment income plunged by more than $113 million during the second quarter as restrictions to curb the spread of Covid-19 sparked a wave of layoffs and reduced hours. Data released by the Department of Statistics offer a glimpse into the economic ...

Regulatory issues for the insurance industry will be the topic of conversation when the Association of Bermuda Insurers and Reinsurers hosts a virtual “seaside chat with Jonathan Dixon, secretary-general of the International Association of Insurance ...

Bermudian reinsurers expect to pay out hundreds of millions of dollars in claims related to hurricanes and wildfires during the third quarter. RenaissanceRe, Axis Capital and Arch Capital each gave estimates on losses that will impact their third-qua...

Dinos Iordanou and Greg Hendrick are to head up a new insurer and reinsurer called Vantage, trade publications are reporting. Mr Iordanou, former chairman and chief executive officer of Arch Capital Group, will be Vantage’s non-executive chairman, wh...

Women in Reinsurance is to host a virtual panel tomorrow to review hot topics and insights from the 2020 conference season. The event will start at 4pm and Kathleen Reardon, WiRe director, will moderate the panel of re/insurance experts, comprising: ...

Markel Corporation has closed its property-catastrophe reinsurance unit, impacting a team of about 25 people in Bermuda, The Royal Gazette understands. Some of the impacted staff have been offered jobs with Nephila, another branch of the Markel grou...

A year after Ascendant Group’s shareholders approved the company’s takeover by Canadian firm Algonquin Power and Utilities Corp, the proposed transaction is still being assessed by the electricity sector regulator. Only after the Regulatory Authority...

Bermuda is preparing to sell at least $500 million in new notes next week, the Latin Finance website reported. The manoeuvre is aimed at refinancing government debt in an effort to lock in a favourable interest rate, while also meeting additional bor...

Third Point Reinsurance Ltd reported third-quarter earnings of $54.7 million, as its investment returns comfortably outstripped underwriting losses. The Bermudian reinsurer also announced that John Berger will step down as chairman on December 22, t...