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A new technology focused subsidiary of American International Group will be headed by Seraina Macia, who was chief executive officer of Hamilton USA. In May it was announced that AIG intended to acquire Hamilton USA, the US platform of Hamilton Insur...

Inflation climbed back to 2.4 per cent in May, having briefly dipped to 1.7 per cent in April, according to the latest data released by the Bermuda Government. Between April and May the average cost of goods and services in the Consumer Price Index i...

Artificial intelligence, insurtech and crewless ships are technological advancements that pose opportunities and risks for businesses, including insurers and reinsurers. Concepts that were once the realm of science fiction are now a reality, and they...

Public and private insurers are expected to pay out more than $2 billion in policy claims in relation to flooding and storms in the US during June caused an estimated $3 billion of damage and losses. Hail, tornadoes, storm winds and flash floods cont...

Free drinking water hydration stations at the America’s Cup Event Village saved an estimated quarter-of-a-million throwaway plastic bottles ending up as trash. And that is only part of the success story for the company that was responsible for the ei...

A Bermudian-based reinsurance specialist has been chosen as this year’s global international ambassador of the Chartered Property Casualty Underwriter Society. It is the first time the island has been selected to perform the year-long role, and Racha...

More than six in ten CEOs see disruptive forces as opportunities for their business, according to a global survey by KPMG. The report also shows that there has a been a big increase in concern about reputational and brand risk during the past year. A...

As part of a drive to remove debt from its balance sheet, Somers Ltd has increased the volume of its issued shares by more than 50 per cent since the end of March. That includes two significant transactions involving its major shareholders that resul...

Profit and net revenue have fallen at Bermuda Aviation Services Ltd in the first full year since it lost the aviation management contract for airport operations at LF Wade International Airport. In its full-year earnings to March 31, the company repo...

A few years ago it would have seemed like science fiction, but the ability to create 3D objects from an office printer is now a reality. And Bermudian-based office supplies company Tops Ltd has added a number of the printers to its range. Ed Faries, ...