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Facebook is to launch a global cryptocurrency next year, and it has been greeted as a positive for Bermuda’s own ambitions in the digital asset and fintech space. The new currency is called Libra, and its structure resembles that of Ven, the world’s ...

Bermudian-based Essent Group has expanded its collateralised mortgage reinsurance protection with a $333.84 million insurance-linked securities issuance. The company’s subsidiary, Essent Guaranty, made the issuance through its Bermudian special purpo...

Insurance industry veteran Scott Cobon is the new managing director, Bermuda, for Bermudian-based insurance managers, Artex Risk Solutions. Mr Cobon moves into the position formerly occupied by Rob Eastham, who is taking on the new role of executive ...

Ken Randall has stepped down as group chief executive officer of Bermudian-based Randall & Quilter Investment Holdings. The London Stock Exchange-listed non-life legacy insurance investor said Mr Randall would continue to work with the company in the...

Bermudian-based Argo Group International Holdings Ltd has adopted a new system that enables managing general agencies, wholesalers and independent brokers to submit, quote and bind risks seamlessly, without paper or error. Avyst’s bidirectional form...

When Nathan Amaral began working with photographers Mark and Ally Tatem in January, he did so with the expectation that an entrepreneurial opportunity might develop. Knowing that the professionals behind Two & Quarter Photography were open to selling...

Bad news for lionfish eaters — the local supply of the delicious nuisance fish is about to shrink. Reefsweeper, a remote operated vehicle used by company Atlantic Lionshare to spear, collect and sell lionfish, is moving to Destin, Florida. “This was...

The urgent need for business and technology modernisation poses the greatest threat to the global insurance industry, according to a survey of industry professionals. The Insurance Banana Skins report is published by the Centre for the Study of Finan...

Ten P2 students from Elliot Primary School visited the Bermuda Monetary Authority for a lesson in the island’s currency and a tour of the BMA’s museum of notes and coins. The tour by teacher Chrystal Bean’s class was directed by Michael Burgess of th...

Myron Hendry has joined the board of Bermudian-based Enstar Group Ltd as a class II director, the company announced. Mr Hendry, 70, whose appointment is effective on July 1, was most recently executive vice-president and chief platform officer of XL ...