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Butterfield Bank has promised to cooperate with a probe by US authorities into suspected American tax dodgers. A US District Judge in New York’s southern district has authorised the US Internal Revenue Service (IRS) to issue summons to several Americ...

More than $30 billion has gone into specialised insurance linked securities over the last three years alone — and that figure will continue to grow, a Bermuda business chief told a conference yesterday. Arthur Wightman, a partner and insurance leader...

Bermuda-based insurer Ironshore is reaching for the stars. The firm’s Pembroke Managing Agency arm is to offer insurance cover for lenders involved in the financing of satellite launches. Neil Stevens, the director of Pembroke’s space division said: ...

Bermuda is at the centre of an evolving market in risk, a top insurance consultant said today. Arthur Wightman, managing director and insurance leader at PwC, said: “What I am saying is that over the last 12 months you have seen this domicile engage ...

Smaller reinsurance firms may have to amalgamate to survive tough economic times, a major conference heard yesterday. And new markets — like the risk of conventional terrorism, particularly in the US — and China could create new demand for insurance ...

A booming market in insurance linked securities in South Korea could bring extra business to Bermuda, an expert said yesterday. Jason Carne, a managing director at global accountancy firm KPMG, said: “Breaking into new markets such as Korea, which ca...

The string of companies controlled by Bermuda-based Jardine Matheson has reported mixed results for the third quarter of the year. The firm — based in Bermuda but with the bulk of its business in its traditional home of Hong Kong and the rest of Asia...

A new store using the old Green Lantern restaurant site is due to pop up over the next four weeks. The series of Saturday events, the brainchild of Andrea Dismont Trott, a property manager and entrepreneur, will feature a range of colourful fair trad...