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Hurricane Harvey will be the most costly natural disaster in US history, predicts AccuWeather. It believes the impact on the country’s gross domestic product will be $190 million, and as a result will force the Federal Reserve to postpone the next in...

In the wake of WannaCry and other ransomware attacks, risk professionals view cyber extortion as the leading first-party exposure for their organisation. That is one of the findings of the 2017 Rims Cyber Survey, which also showed that there is conti...

The sea views may have gone, but there is plenty of reasons for members of The Ultimate Fitness Club to be thankful for their new location in the heart of Devonshire. Formerly the SeaView Ultimate Fitness Club, it moved to its new location at the beg...

A major business conference that typically would have been too big for Bermuda to handle is going ahead in November. It will bring 800 delegates to the island, filling more than 4,800 room nights at three hotels, and have an estimated economic impact...

Axis Capital Holding’s bid to buy Novae Group has been accepted. At a general meeting in London yesterday shareholders approved the deal, with about 99.97 per cent of shareholder votes cast in favour of the proposal. The approval comes only a few day...

Insured losses from Hurricane Harvey are set to make it one of the top ten most costly hurricanes in US history. At least seven people have died in Texas as a result of the storm, and it is expected 30,000 people will end up having to leave their hom...

A blockchain-sector company is in the process of incorporating in Bermuda. The technology enterprise is likely to have some staff based on the island to run back-office functions. It will build blockchain applications for the financial industry, and ...

The role insurance-linked securities can play in the protection and redistribution of cybersecurity risk will be among topics discussed at the ILS Bermuda Convergence 2017 event in October. One of the guest speakers is Rick Welsh, chief executive off...

Seaglass Studio in the Town of St George is getting ready for its biggest change in 14 years. The shop, which is halfway along Water Street, is about to relocate to the other side of the street. It is taking over part of the former CV café, which clo...

Two telecoms companies were hit by disruptions for much of today, bringing to three the number of island-based internet providers hit by outages or disruption in a 48-hour period. LinkBermuda and One Communications both reported issues affecting thei...