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Digital data is the future for insurance and reinsurance if the sector hopes to achieve efficiency gains and other benefits, according to Whitespace Software Ltd. The company has celebrated the first anniversary of the start of trading on the Whitesp...

Bermudian-based run-off specialist Fleming Re has agreed to acquire Sinclair Insurance Company, a captive insurer domiciled on the island. Sinclair, which was incorporated in 1985, has provided workers’ compensation, general and products liability an...

Bermuda International Long Term Insurers and Reinsurers has appointed Kevin Hovi to its board of directors. Mr Hovi is chief financial officer of Kuvare Life Re Ltd. Prior to his role at Kuvare Life Re, he was CFO at Longitude Re. He previously worke...

CrossTower, a new exchange operator, has been granted a license by the Bermuda Monetary Authority under the Digital Asset Business Act. The company has a Class M licence, making it one of the first major cryptocurrency exchanges to receive such a per...

Markel Corporation has closed its property-catastrophe reinsurance unit, impacting a team of about 25 people in Bermuda, The Royal Gazette understands. Some of the impacted staff have been offered jobs with Nephila, another branch of the Markel grou...

If this year has taught us anything, it’s how to be resourceful in both life and business. So many people have had to learn new skills and really dig in to how they can keep their businesses up and running (and the doors open). But what happens when ...

After shelter-in-place ended, there were hashtags, competitions and campaigns created to encourage people to support local business. But architect Akilah Swan noticed that the construction industry was largely left out. “The push seemed to be focuse...

A webinar on succeeding in a remote work environment, entitled “Building Your Remote Work Muscle”, is being hosted by the Bermuda Chamber of Commerce this month. It is presented by Martha Kirkland, director of FranklinCovey Bermuda. The workshop is o...

Companies with a view to pursuing strategic acquisitions often look for opportunities in the insurance M&A market. This pattern may continue despite the challenges that projected market volatility and uncertainty may have on deal activity in the thir...

Insurers and reinsurers have been told that the climate crisis is the problem of our time, even more so than Covid-19. Marshall Shepherd, a leading meteorologist, said it was crucial for scientists to make people understand that climate change is hap...