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Ki, a Lloyd’s syndicate that uses algorithms to do its underwriting, has received $500 million of committed capital from two backers. The backing from funds managed by Blackstone Tactical Opportunities and Fairfax Financial Holdings Ltd will help fun...

One Communications Ltd is considering delisting from the Bermuda Stock Exchange. Shareholders are expected to be asked to consider a vote on the company’s voluntary withdrawal from listing on the BSX at the company’s Annual General Meeting next week....

Wildfires that have burnt through nearly five million acres in California and other western US states, causing deaths and destroying more than 9,600 structures, will cost insurers as much as $8 billion, according to Moody’s. In a report, Moody’s anal...

A digital token issued from Bermuda is being permanently disabled, and the company behind it will pay a $6.1 million settlement after the United States Securities and Exchanges Commission said the tokens were an unregistered security. The penalty fee...

Olderhood Productions International, part of the Olderhood Group Ltd, is proud to have expanded its partnership with the Truli Media Group to publish its Leaders in Action Video Series. The Leaders in Action series features short video interviews wit...

Catalina Holdings Bermuda has named Sarah Ruberry as chief executive officer of Catalina General, the run-off specialist’s group’s Bermuda-based reinsurer. Ms Ruberry, a Bermuda resident, will take up her post in early November. She joins from StarS...

The Royal Gazette/BSX Index closed unchanged on 1,806.93 as no shares traded on the Bermuda Stock Exchange. The BSX Insurance Index fell 10.55 points, or 0.78 per cent, to 1,350.5. Butterfield Bank’s US-listed shares fell 23 cents, or 0.93 per cent, ...

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...