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Shares of Bermudian-based Nordic American Tankers lost more than a quarter of their value yesterday after the company priced a share offering well below its market price. Low charter rates for oil tankers have hit the company’s bottom line in recent ...

Health insurance has come a long way from the traditional role of paying out when individuals are ill to a more proactive role in managing patients’ own healthcare cost. And not only in Bermuda is the role of the health insurer changing. This was one...

A panel discussion about the protection gap and how the insurance sector can address it got off to a blunt start when Michael Millette cast it as a fake issue. The phrase describes the shortfall that exists between insured losses and total economic l...

Risk industry professionals across all levels and responsibilities in the US have received an average base salary increase of 3.5 per cent this year. In Canada, the average salary rise was 2 per cent. Those details are among the findings in the Rims ...

A total of 13,634 shares of LOM Financial Ltd were traded on The Royal Gazette/BSX Index, with the shares closing unchanged at $2.50. Shares of Ascendant were 24 cents higher, or 2.5 per cent up, at $9.79 after 1,000 were exchanged, while HSBC Bermud...

Butterfield Bank today announced that it would raise lending rates and its fixed-term deposit rates for savers after the US Federal Reserve’s rate hike yesterday. Clarien Bank said yesterday that it also plans to raise rates for savers and borrowers,...

Robert Patten has joined Hamilton Underwriting Limited as head of casualty. He previously filled the same role with Novae Insurance, and he has almost 40 years experience in the industry, having worked at a number of companies, including Aspen, XL Eu...

A veteran of the retail industry has launched her own online store. Last month, Keisha Clarke-Hill established Bazaam, which is the name of the e-commerce business. “The world is changing and gone are the days where you have to look for parking, walk...

Who is going to be the largest insurer or reinsurer that doesn’t retain underwriting risk? It was a serious question, and when Anup Seth, of Aon Insurance Managers, posed it he was sitting alongside the chief executive officer of one possible contend...

Tough negotiations on January 1 reinsurance contract renewals have been likened to a “Mexican standoff” by some Bermudian executives. A report from Keefe, Bruyette & Woods said that the initial post-catastrophic “euphoria” over potential price increa...