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Bermuda’s share of net premiums in re/insurance dropped by $7.7 billion to $108.5 billion between 2014 and 2015. The latest figures from the Bermuda Monetary Authority added that capital held fell, but that total assets went up. Capital held dropped ...

Shares of Ascendant Group today surged to a three-year high in Bermuda Stock Exchange trading. The firm, which owns power utility Belco, jumped 51 cents to $8.50 on high volume. The 6.4 per cent increase came as 192,700 shares changed hands. Insuranc...

An American university has chosen Bermuda as its domicile for the first known student-run captive insurance company. Students enrolled in the Davey Risk Management and Insurance Programme at Butler University’s Lacy School of Business in Indianapolis...

Bermuda’s Hamilton Re has bought the renewal rights to Canopius Underwriting Bermuda’s excess casualty book of business. And Sompo Canopius underwriters Stephen Hartwig and Jeremy Wright are set to join Hamilton Re. Mr Hartwig will be chief underwrit...

Dear Dave, My wife and I are debt-free except for our home, and we’re on Baby Steps 4 and 5. Recently, we were asked to make a large donation to a charity we already support. We don’t have the full cash amount they asked for on hand, and after hearin...

NEW YORK (Bloomberg) — American International Group is weighing a plan to hire Bermudian Brian Duperreault as the company’s seventh chief executive officer since 2005, according to people familiar with the board’s deliberations. Other candidates are ...

Island companies yesterday displayed their green credentials in advance of Earth Day tomorrow. Secure document destruction firm Guardian said it had sent more than 3.2 million pounds of paper for recycling since it opened up shop in 2005. The firm sa...

The upcoming America’s Cup has sparked a boom at Bermuda’s docks — but turnaround times have slowed as containers and other goods pile up on the wharf. Warren Jones, chief executive officer of Stevedoring Services’ parent company Polaris Holding, sai...

Workers at a major island car dealership yesterday downed tools in a dispute over pay. Staff in the service area and paint shop at Hamilton’s Bermuda Motors stopped work around 1pm after management refused to reinstate a 2 per cent backdated pay rise...

Lawyer Duncan Card is to speak on the risk of cyberattacks at a major conference in Bermuda next week. Mr Card, managing principal at Bennett Jones, will be part of a panel at the annual conference of the Association of Trade and Forfaiting in the Am...