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Policymakers are gambling that they will be able to pay back the large increases in national debt accrued in response to the Covid-19 pandemic. As Covid-19 brought economies to a standstill, many governments threw a lifeline to businesses and househo...

One of the bottlenecks that has stymied the growth of fintech companies and others involved in digital assets could soon be remedied by Jewel, which is in the process of applying for its full bank licence with the Bermuda Monetary Authority. Jewel an...

Arcadian Risk Capital Ltd has launched a new underwriting operation based in Bermuda. The start-up will initially underwrite excess casualty and professional lines insurance. Arcadian has received its licence from the Bermuda Monetary Authority and w...

HSBC Bank Bermuda will be closed for business on Monday, because of the threat of Hurricane Teddy, the bank said tonight. In a statement, a spokeswoman for the bank added: “This is subject to change depending on how the situation evolves over the nex...

Phinsys, which provides finance automation software provider for the insurance sector, has launched a new product called Inform, which it said is in response to growing insurer demand for enhanced finance and accounting data analytics. Phinsys has an...

Strategic Risk Solutions, the fourth largest captive management company in the world, has reached an agreement to acquire the operations of Bermudian-based Dyna Management Services Ltd. All staff of Dyna, an independently-owned insurance management ...

Hiscox must pay out on some of its clients’ disputed business interruption insurance claims, the High Court of England and Wales ruled yesterday. The Bermudian re/insurer reckons the judgment will result in less than £100 million ($129 million) of ad...

Clarien Bank has announced a partnership with BE Solar to offer homeowners financing solutions for the purchase and installation of residential solar panel systems. It said the Clarien Bank Solar Loan allows BE Solar clients to invest in clean, rene...

Ten students graduated from a entrepreneurship programme hosted by the Bermuda Economic Development Corporation. Awards and a graduation ceremony for the third BEDC Summer Student Entrepreneur Programme was held at the Hamilton Princess and Beach Clu...

Law firm Conyers is offering a gap-year internship for students who have put their studies on hold for a year as a result of the Covid-19 pandemic. The Student Gap-Year Internship is a six- to eight-month paid programme to support high-potential, rec...