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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, ...

One of the world’s pioneering figures in promoting the circular economy and sustainable development has visited Bermuda. William McDonough’s trip was connected with the island’s hosting of a Hub Culture Innovation Campus and Beach Club at Ariel Sands...

Randall & Quilter has completed the acquisition of AstraZeneca Insurance Company Ltd, the captive insurer of biopharmaceutical company AstraZeneca UK Ltd. The insurance company was formed in 1993 and stopped active underwriting in 2004. R&Q, a Bermud...