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A tricycle built for two could save lives on Bermuda’s roads, the importers said yesterday. Team Oni Racing Club has customised and imported the Torc Glide — which features two wheels at the front with a revolutionary tilting suspension and one at th...

Artex Risk Solutions has acquired Cayman Islands-based Chandler Insurance Management. In a statement, Artex said Chandler brings to the company more than 20 years of captive insurance management experience in the Cayman Islands. Nick Heys, CEO of Ar...

Shares of Argus Group were up 25 cents, or 6.7 per cent, at $4 after 23,966 traded on The Royal Gazette/BSX Index. There was also an exchange of 7,000 shares in One Communications, but with no effect on the stock’s closing price. The Royal Gazette/BS...

An operating loss of $546.9 million, or $13.81 per share, for the third quarter has been reported by RenaissanceRe Holdings Ltd. The Bermudian-based company’s net loss was $504.8 million, or $12.75 per share, which compares to a profit of $146 millio...

Bermuda Monetary Authority hosted the Financial Stability Board’s (FSB) Regional Consultative Group of the Americas’ (RCGA) Shadow Banking Workshop. The workshop took place at the Hamilton Princess last week. Marcelo Ramella, deputy director of finan...

Run-off specialist Catalina Holdings (Bermuda) Ltd has agreed to acquire a portfolio of legacy insurance liabilities from the US branch of Samsung Fire and Marine Insurance Co. The run-off portfolio will be transferred to Catalina’s wholly owned subs...

E-sports company Unikrn Bermuda Ltd has made the island’s first cryptocurrency launch. Unikrn describes itself as a “regulated e-sports betting platform” and its freshly launched cryptocurrency is known as UnikoinGold. Bermudian law firm Conyers was ...

Bermudian-based Sompo International Holdings Ltd, a specialty provider of property and casualty insurance and reinsurance, is creating an integrated platform to provide agriculture insurance and reinsurance solutions across the globe. The new global...

Bermudian reinsurer Qatar Re has named a new chief executive officer for its Singapore operation after his predecessor decided to leave the company. Manik Sethi will lead the Singapore branch, effective November 13, after the departure of Micky Lee, ...

Aspen Insurance Holdings Ltd intends to cut jobs as part of an efficiency drive. But the cost-cutting focus will be more on its London and New York offices than its Bermuda headquarters. That was the message to come out of the Bermudian insurer and r...