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Falling fuel and power prices have helped drive down inflation to 1.4 per cent. Although prices in the sector were static during August, a year-on-year drop of 10.5 per cent, with cheaper electricity a major factor, impacted the headline rate. Betwee...

Costly damage caused to Amtrak’s infrastructure by Superstorm Sandy in 2012 is one of the reasons the company has obtained $275 million of catastrophe bond insurance coverage this month. The three-year cat bond notes were issued in Bermuda last week ...

Aspen Insurance Holdings estimates it faces about $50 million in pre-tax losses from the Tianjin port explosion in China, wildfires in the US and last month’s earthquake in Chile. The company said the losses primarily impact Aspen’s reinsurance segme...

Residents now have a way of checking for the best internet deals in Bermuda by visiting a price comparison website. The pricecheck.bm website is an internet price comparison tool designed to assist consumers identify and compare residential telecommu...

With only days to go before the Louis Vuitton America’s Cup World Series Bermuda gets under way, Digicel Bermuda has brought a mobile cell tower to the Island to boost its network coverage. The arrival of the $300,000 cell on wheels (COW) is part of ...

Bermuda’s competitive trust laws are attracting clients from other jurisdictions seeking a particular streamlined restructuring avenue. In the Cayman Islands alarm has been expressed at the “flight to Bermuda” of trusts seeking a more competitive sol...

Deon Breary is the PartnerRe 5K road race champion, securing one of the few titles that had previously eluded her. It was a sweet moment as she crossed the finish line in 20min 30sec, claiming the honours in the event that traditionally features a st...

A $300,000 mobile cell tower has been brought to Bermuda to boost coverage during the Louis Vuitton America’s Cup World Series. It is part of a strategy by Digicel Bermuda to enhance its network in preparation for the 35th America’s Cup in 2017. The ...

A $275 million catastrophe bond providing insurance protection to US train company Amtrak illustrates a growing trend of corporations going directly to the capital markets to cover some of their risks, according to an insurance-linked securities (ILS...

A delegation from Bermuda aims to steer business towards the Island when it attends the American Society for Healthcare Risk Management (ASHRM) conference in Indianapolis this month. Changes in healthcare policies in the US in the past few years, par...