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Typhoon Faxai, which hit Japan three weeks ago, caused insured losses of between $5 billion and $9 billion, according to catastrophe modelling firm RMS. This estimate includes property damage and business interruption caused by typhoon wind and coas...

PwC in the Caribbean and the PwC US Charitable Foundation have donated a total of $375,000 to the disaster relief and recovery efforts in the Bahamas, the professional-services firm announced. The partners and staff of PwC firms operating in the Car...

The Bermuda Stock Exchange is to herald the start of trading on Monday with a ceremonial bell-ringing by City of Hamilton Town Crier, Ed Christopher, outside the organisation’s Victoria Street headquarters. Monday marks the beginning of World Investo...

They’re not exactly Gucci or Louis Vuitton, but Ray Beaulne’s bags have been trending hot this week. The Bag it Bermuda dumpster bags he sells out of Bermuda Rentals on Bakery Lane in Pembroke, can carry loads of 2,000 to 3,000 pounds, depending on ...

Willis Towers Watson has teamed up with governments and international organisations to launch the Coalition for Climate Resilient Investment. The insurance broker and risk advisory firm is leading the coalition, which aims to “transform infrastructur...

The Caribbean Catastrophe Risk Insurance Facility has made payouts totalling $12.8 million to the Bahamas Government after the devastation caused by Hurricane Dorian. Bermuda is a backer and member of the CCRIF, the world’s first regional fund utilis...

Typically, a Bermuda fund is incorporated as an exempted mutual fund, formed as an exempted limited partnership or established as a unit trust. The focus of this article is upon the first of the trio. As with most Bermuda companies, mutual fund com...

Insurers have a unique role to play in helping the world to adapt to climate change, according to Mark Carney, Governor of the Bank of England. Britain’s top financial regulator said the industry’s expertise and capital would be essential in “smoothi...

Popular Hamilton restaurant Bulli Social is fully operational again, a week after a century-old Jacaranda tree was knocked down during Hurricane Humberto, resulting in the temporary closure of the Queen Street eatery. The massive tree provided shade ...

Carol Hall failed one of the first computer auditing exams she ever took, miserably. But it did not stop her from going on to establish a career in auditing and also co-found the Bermuda chapter of the computer auditing educational group, Isaca. Sh...