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The Ontario Securities Commission has applied to a court for the continuation of a freeze on certain assets controlled by Troy Hogg, a founding figure of Bermuda-registered cryptocurrency exchange and mining company Arbitrade Ltd. The Commission is i...

By “joining the dots” as reports of the coronavirus outbreak in China made international news early last year, some Bermuda companies ended up steps ahead of others with their IT preparations when the island went into lockdown in April. They quickly ...

Hiscox has vowed to learn from the past after being bruised by the Covid-19 pandemic, particularly with regard to disputes around business interruption claims. The Bermudian-headquartered global specialist insurer said it recognised that its brand ha...

Hiscox is the latest insurance company to announce it will eliminate its insurance, reinsurance and investment exposure to coal-fired power plants and coal mines. The Bermudian-headquartered company, which also operates Hiscox Re & ILS, has become th...

Bermuda has been given a boost by the arrival of new players in the insurance and reinsurance sector in Bermuda, even amid the turmoil of the Covid-19 pandemic. Mark Allitt, managing director and insurance sector lead at KPMG in Bermuda, said: “2020 ...

Carbon neutrality has been achieved by financial services company EY, but it is not resting on its laurels as it works to help address climate change. Its goal this year is to become carbon negative, which means taking more carbon dioxide out of the ...

Bermuda does not need to return to the international capital markets to refinance debt this year, but finance minister Curtis Dickinson is monitoring them in case he has to “go early” to achieve a lower rate for the next chunk of maturing debt. Some ...

Bermuda needs to expand its resident and working population to increase its tax base and economic activity, according to business leaders at the Bermuda Chamber of Commerce Breakfast Budget. This could be done in two ways, Arthur Wightman, PwC Bermud...

Bermuda’s financial liabilities stretch far beyond its net debt of $3 billion. It is estimated a further $1.5 billion to $1.7 billion of unfunded liabilities are stored up in the Public Sector Superannuation Fund, the Ministers and Members Legislatur...

A broad measure of Bermuda’s economic activity contracted in the third quarter of 2020, primarily because of restricted economic activity due to the Covid-19 pandemic. Gross domestic product, the value of goods and services generated by the island’s ...