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The European Union will be keeping a close eye on the impact of Bermuda’s Economic Substance Act — and pressuring the island to get tough on companies who lack physical presence. That was one of the clear messages to come out of last Friday’s KPMG pr...

Arch Capital has estimated catastrophe losses of between $110 million and $130 million for the fourth quarter of last year. The Bermudian insurer and reinsurer said the losses related primarily to Hurricane Michael and wildfires in California. The es...

Hacking attacks on businesses happen in the virtual world, but how would they play out in the real world? Hiscox partnered with British bicycle manufacturer Brompton to show in a tangible way the damage cyberattacks can cause to a business in an imag...

Dear Dave, How do you feel about timeshares, and the free trips and dinners they offer as part of their sales pitches? Is it possible to win with these things? — Dan Dear Dan, In my opinion, timeshares are a complete waste of time and money. Lots of...

CryptoScan Bermuda has launched a service offering to help governments and enterprises defend against increasingly sophisticated hackers. It ensures that cybersecurity policies and procedures are up to date and that cryptographic protocols are not vu...

Bermuda is confident it has done what is required to address the European Union’s concerns about the economic substance of companies registered on the island. The Government of Bermuda has also revealed an incentive programme to make the island more ...

A subsidiary of Bermudian-based Arch Capital will refund $5.3 million in overcharged insurance premiums to hundreds of volunteer firefighter companies in New York state. Arch Insurance will also a pay a $1 million fine to the state after an investiga...

Bermudian run-off specialist Premia Holdings Ltd has made what it describes as a “groundbreaking” acquisition of a US insurer. The reinsurer bought Public Service Insurance Company and its wholly-owned subsidiary Western Select Insurance Company from...

A crash course for Bermuda’s retailers on how to build their brand and stand out in a crowded marketplace is on offer from the Bermuda Chamber of Commerce. The half-day workshop, set for January 21 at the chamber’s office in Hamilton, will bring the ...

Bermudian-registered FWD Life Insurance Company (Bermuda) Ltd has been fined by Hong Kong regulators over compliance failures relating to expertise of its staff. Hong Kong’s Securities and Futures Commission fined FWD Life HK$2.4 million ($316,000). ...