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The meteoritic rise in the use of unmanned flying drones present challenges and opportunities for insurers, according to Marsh. In its report, “Dawning of the Drones: The Evolving Risk of Unmanned Aerial Systems”, the insurance broking and risk manag...

A delay to the opening of the Island’s first food court has caused some anxiety among would-be customers eager to try out the new experience. The co-managers of Eateries, in Washington Mall, have been inundated with comments and questions from member...

A new telecommunications company run “by Bermudians for Bermudians” is setting out to gain a share of the domestic market dominated by larger firms. LiveNet Bermuda is initially focusing on home internet and voice service for home phones and cellphon...

Scenarios with all the ingredients of a Hollywood disaster movie are now being covered by the insurance-linked securities (ILS) market. From volcanoes and earthquakes rocking New York, Boston, and Washington DC, to a large space rock devastating part...

Major flooding in southern regions of the US and parts of Australia, a killer heatwave in India and a powerful earthquake in Nepal were among the costliest catastrophes in May. Texas and Oklahoma endured the wettest May on record, with flooding hitti...

If you’re dancing at the dollar’s bull run party, stay close to the exit — because it’s almost over. That was the take-home message from David Bloom, HSBC’s global head of FX strategy, during his visit to Bermuda to give a currency outlook presentati...

Many things have changed since 27th Century Boutique opened its doors in 1975, but the Hamilton clothing shop is still going strong and this week it is celebrating 40 years in business. Owner Sharon Bartram has been involved since the beginning, devo...

Almost a quarter of Bermuda’s population are financial, business, legal and regulatory experts in capital markets, insurance, finance and banking. A survey puts the number who fall into those categories at more than 15,000, according to Ross Webber, ...

Hotel operators are likely to look at alternative ways of power generation, such as installing solar panels, in the wake of electricity price hikes proposed by Belco last week. Commercial users face an average increase of 15 per cent on their monthly...