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Businesses that are proactive in reducing their potential risk to cyberattacks by using new technologies such as blockchain, or using best practice, are likely to see that reflected in better pricing and conditions from insurers. That is the view of ...

Insurers are expected to pay out between $32 billion and $50 billion to policyholders affected by Hurricane Irma in the US and Caribbean. That is the estimate of Air Worldwide, the Boston-based risk modelling solutions company. The company believes i...

Butterfield Bank shares improved by 75 cents, or 2.3 per cent, to $34 after 2,900 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, the bank’s shares were up 22 cents, or 0.64 per cent, at $34.47. The Royal Gazette/BSX Index was ...

Western Union has explained why it has temporarily removed Bermuda from its website. Customers noticed the change in the past week and contacted The Royal Gazette expressing concern about what was going on and how they would receive their money. Some...

Profit has risen at Watlington Waterworks for the first half of this year. Increased sales of water, partially as a result of the early summer drought and increased demand from tourism activities around the America’s Cup, helped lift the company’s fi...

A Bermudian artist, who attended the Essence Festival last year in New Orleans, has spoken about his growing success in business and what is to come. Carlos Santana started perfecting his craft as an artist in 2013 after working for The Hamilton Prin...

Global investment in insurtech in the second quarter of 2017 surpassed that in the previous three quarters combined, according to a new report from PwC. Insurers, reinsurers and venture capital firms ploughed $985 million into insurtech, up 247 per c...

XL Group Ltd has been given approval to use a full internal model to calculate the company’s and its wholly owned subsidiary, XL Bermuda Ltd’s, respective enhanced capital requirements in substitution of the Bermuda Solvency Capital Requirement stand...

Hurricane Irma prevented about 50 delegates from attending the 13th Bermuda Captive Conference, but the event has been hailed a success after it brought more than 750 attendees to the Fairmont Southampton. The three-day event wrapped up yesterday eve...

A delegation from Bermuda is in London to promote the island’s shipping registries, meet with existing clients and network with potential future clients. Members of the Bermuda Shipping and Management Authority, the Bermuda Business Development Agenc...