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More than two-thirds of insurance company CEOs see technology as an opportunity, but also as a threat. Changing customer expectations means that data and analytics and relationship management systems are seen as ways to boost business. But nearly 80 ...

The downgrading of Bermuda Commercial Bank by a ratings agency was yesterday criticised by Peter Horton, the bank’s chief executive officer. Mr Horton said that the decision by Moody’s to lower the credit rating of BCB after it bought up 75 per cent ...

Retail sales in Bermuda dropped last November for the first month in a year, the latest Government figures have revealed. Sales were down $3.6 million, or 0.6 per cent, to $85.5 million on the $89.1 million recorded for October. Returning residents d...

AmTrust has expanded its Bermuda office. The American-headquartered insurance, reinsurance and financial management firm has taken over more floor space, revamped the layout and plans to recruit at least another four staff this year. Julian Griffiths...

Insurance and reinsurance giant XL Catlin is to partner with a new US-based managing underwriter which will provide commercial property insurance to small and medium-sized businesses. XL Catlin, now headquartered in Dublin, Ireland, but which still m...

Markel Corporation yesterday reported profits of $582.8 million last year — up $261 million on the $321.2 million recorded for 2014. Book value per share totalled $561.23 at year end, up 3 per cent on the $543.96 reported at the end of the previous y...

A Bermuda lawyer is to discuss the possible abolition of death taxes at a major international conference tomorrow. Peter Pearman, a director in the private client and trust department of Conyers Dill & Pearman, will examine death taxes being phased o...

Insurance and reinsurance firm Arch Capital yesterday reported profits of $53.1 million for the fourth quarter of last year. The figure is equivalent to 42 cents per share and $156.6 million down on the $209.7 million, or $1.60 per share, logged for ...

Ratings agency Moody’s yesterday downgraded Bermuda Commercial Bank’s long term deposit and issuer ratings. The agency set BCB at Ba3, down from of the previous Ba2 rating, while its stand-alone baseline credit assessment dropped from ba2 to ba3 and ...

A healthcare practice aims not just to help people deal with medical problems, but give them the tools to prevent them happening in the first place. Bermuda Wellness and Outreach Centre was set up to specialise in areas where traditional general prac...