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Hurricane Harvey will be the most costly natural disaster in US history, predicts AccuWeather. It believes the impact on the country’s gross domestic product will be $190 million, and as a result will force the Federal Reserve to postpone the next in...

David Burt will open this month’s Bermuda Captive Conference, which is poised to surpass last year’s record-setter with 1,000 hotel-room nights booked to date by overseas delegates. Officially launching the thirteenth year of Bermuda’s largest intern...

Shares worth $180,000 changed hands on The Royal Gazette/BSX Index, but there was no change to the closing prices of the three stocks that traded. The index remained unchanged at 1,980.38 points. Some 1,200 shares of Ascendant Group were exchanged, b...

Total economic losses from Tropical Storm Harvey could be as high as $70 billion to $90 billion — but the vast majority of the losses will be uninsured. That is the latest finding of catastrophe modelling firm RMS, which says Harvey is a rainfall rec...

In the wake of WannaCry and other ransomware attacks, risk professionals view cyber extortion as the leading first-party exposure for their organisation. That is one of the findings of the 2017 Rims Cyber Survey, which also showed that there is conti...

The sea views may have gone, but there is plenty of reasons for members of The Ultimate Fitness Club to be thankful for their new location in the heart of Devonshire. Formerly the SeaView Ultimate Fitness Club, it moved to its new location at the beg...

The insurance industry must modernise and adapt to the needs of customers in the digital world in order to survive, according to the head of a Bermudian insurer and reinsurer. Mark Watson, of Argo Group International Holdings, said in a midyear lette...

Bermuda companies competing in the international business sphere are under continued pressure to grow and thereby succeed on a greater scale. In recent years, there has been a great deal of merger and acquisition activity for Bermuda companies, argu...

Neon has hired Ben Murphy from Hiscox to join its property insurance team in London. The company said this was the latest in a series of efforts to strengthen its property insurance offering across its London and Bermuda operations. Mr Murphy spent 1...

A major business conference that typically would have been too big for Bermuda to handle is going ahead in November. It will bring 800 delegates to the island, filling more than 4,800 room nights at three hotels, and have an estimated economic impact...