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Bitcoin has become an investable asset class rather than a digital currency — and it’s a bubble all set to burst. And while the initial coin offerings (ICOs) that launch new cryptocurrencies can potentially be vehicles for fraud, the blockchain techn...

Yulanda Francis has been promoted to the position of president of Horseshoe Re. She will retain her current responsibilities for client serving within Horseshoe Re, with the treasury and underwriting teams reporting to her. Ms Francis will report dir...

Shares of Ascendant Group were 24 cents lower, or 2.5 per cent, at $9.25 after 300 traded on The Royal Gazette/BSX Index. There was also trading of 200 shares of Devonshire Industries, but with no change to the closing price of $5.50. The Royal Gaze...

Conyers Dill & Pearman has maintained its Tier 1 position in corporate and finance, in the updated IFLR1000 guide to the world’s leading financial and corporate law firms. The firm has also experienced a 60 per cent increase in the number of ranked l...

Employees of administration services company Estera have raised more than $10,000 to donate to colleagues in its British Virgin Islands (BVI) office following the devastation of hurricanes Maria and Irma. Staff from Estera’s in offices in different ...

Bermudian-based Axis Capital Holdings Ltd has completed its acquisition of Lloyd’s insurer Novae Group after the takeover received clearance from regulators including the European Commission. The acquisition creates a $2 billion insurer in London and...

Butterfield Bank has named Daniel Frumkin to the new role of chief operating officer as part of a management shake-up. In his new role Mr Frumkin, who was previously the group’s chief risk officer, will be responsible for the Butterfield’s “client-fa...

A snapshot of how easily identity theft can be committed, and how other hacking, espionage and cyberthefts are perpetuated, was presented to delegates at the World Alternative Investment Summit Bermuda. Security consultant Vitali Martiniouk, of KilSo...

Direct US homeowners’ insurance is forecast to increase to $93 billion in premiums this year. That is $2 billion higher than 2016, which in turn was $2 billion up on 2015. Analysing the data, Aon Benfield said the industry was a “growth engine”, alth...

Bermuda financial-services companies with offices in the US will be need to be prepared for new cybersecurity regulations within the next four months. The New York Department of Financial Services (DFS) is pushing to establish “regulatory minimums” t...