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Hundreds of millions of dollars worth of insurance-linked securities providing mortgage reinsurance coverage may face losses as US delinquency rates surge. Bermudian-based mortgage re/insurer Essent Group has reported that all of its mortgage ILS tra...

Arch Capital Group Ltd has estimated catastrophe losses of up to $225 million for the second quarter — most of them related to Covid-19. The Bermudian-based company said the estimated loss range of $205 million to $225 million relates to its property...

Andrea Franklin was the winner of $500 prize given by organisers of the Micro, Small and Medium-sized Enterprise Day. Ms Franklin was randomly selected as the winner of the Bermuda Economic Development Corporation-sponsored event on June 27. The bus...

A webinar on leading virtual teams is to be hosted by the Bermuda Chamber of Commerce next week. The 90-minute Chamber Talk session on July 23 will be led by Richard James, certified facilitator in Bermuda for FranklinCovey, a global consulting firm ...

The lawyer who leads Appleby’s Private Client and Trusts practice in Bermuda has received accolades in the 2021 High Net Worth Guide by Chambers Global. Vanessa Schrum, a partner, was described as “a thoroughly sound practitioner,” who is “responsive...

Bermuda’s companies beneficial ownership register is to go public. Financial regulator the Bermuda Monetary Authority has kept records of the owners of companies for about 70 years. The information is available to tax and law enforcement authorities ...

The Bermuda Business Development Agency has been named the best direct investment partner in North America, 2020, by Capital Finance Magazine. The award recognises the ongoing efforts and historic work of the BDA to encourage inward direct investment...

Bermuda’s leading insurers and reinsurers donated more than $3 million to local charities during the Covid-19 pandemic. During the first six months of the year, members of the Association of Bermuda Insurers and Reinsurers donated $3.1 million of sup...

Walkers Professional Services has expanded its Bermuda business into regulatory compliance services with the hiring of former Deloitte compliance professional, Michael Wynne. In his new role as senior vice-president of Regulatory Compliance Services,...

Butterfield Bank shares gained 2 per cent in Bermuda Stock Exchange trading. The bank advanced 50 cents on the trading of 500 shares to close on $25. Butterfield’s US-listed shares moved in the opposite direction, slipping 17 cents, or 0.7 per cent, ...