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In the face of the coming “insurtech tsunami”, Craig Swan of the Bermuda Monetary Authority has given pointers to the way ahead. And it is all about moving forward, staying relevant and adapting to rapid changes. Those are ingredients for Bermuda’s c...

Argus Group shares were down 15 cents, or 3.8 per cent, at $3.85 after 40,000 were traded on The Royal Gazette/BSX Index. There was also trading of 3,200 shares in BF&M Ltd, and 6,916 shares of Ascendant Group, but with no change to the respective cl...

Belco has hit back over the Regulatory Authority’s claim that what the utility decides to do about its ageing generators is a “business decision for Belco”. Instead, the utility says it needs to get permission from the regulator before it can dispose...

Tattoo parlour Smokin Joe’s has found success in its first five years with a group of staff who think of themselves as being like family. Joseph Mathias, the King Street establishment’s owner, aims to inspire the next generation to pursue their craf...

Insurers should be ashamed every time a major event results in a large gap between economic losses and insured losses, according to Mike McGavick. Mr McGavick, chief executive officer of Bermudian-based XL Catlin, said one take from Hurricane Maria a...

The Bermuda reinsurance market has proved its resilience — but the industry needs to embrace disruption in order to claim future opportunities. That is the view of Arthur Wightman, PwC Bermuda leader and insurance leader, who told delegates at a conf...

Bermuda has a role to play in the development of fintech and insurtech, but there are differing view about the extent to which the island is likely be involved. The question of how insurers and reinsurers can deploy capital in fintech and insurtech o...

Magnum Power Force Gym has introduced virtual exercise classes. Les Mills virtual classes have been around for years in other parts of the world and now locals can enjoy it at Magnum. Karen Hodgkins, who took over as the gym’s sole owner in March, sa...

US lawmakers were yesterday considering revisions to the section of a tax overhaul bill that would have a costly impact on some Bermudian-based insurance groups. Meanwhile, Mike McGavick, chief executive officer of Bermudian-based XL Catlin, said eve...

Shares of Somers Limited were up 25 cents, or 1.8 per cent, to $14.50 after 700 traded on The Royal Gazette/BSX Index. Butterfield Bank also improved by 45 cents, or 1.3 per cent, to $35 after 463 shares changed hands. On the New York Stock Exchange,...