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Female leaders of the island’s shipping industry have launched a Bermuda chapter of the Women’s International Shipping & Trading Association. Bermuda is the 40th country to join the global organisation, whose members are women in management positions...

Bermuda Government’s debt has ticked up another $188.9 million. The Government has repositioned part of the island’s $2.36 billion debt burden through the issuing of $665 million in 10-year senior notes. Bob Richards, the Minister of Finance, sees it...

Volcanoes in Iceland have prominently featured in world news reports in recent years, but it is earthquakes that are the most dangerous natural catastrophe peril for the country. Now a team at Aon Benfield has launched a catastrophe model to assist i...

Businesses involved in the hospitality sector need to be prepared for the tens of thousands of extra visitors expected on the island during next year’s America’s Cup. And while the event is regarded as the pinnacle moment within the coming 12 months,...

The common reporting standard (CRS) is the Organisation for Economic Cooperation and Development’s (OECD) model for the automatic exchange of information (AEOI) between jurisdictions worldwide. The aim is to increase tax transparency and eliminate ta...

Ascendant Group, the parent of Belco, saw its shares improve by 30 cents, or 4.8 per cent, to close at $6.50 on The Royal Gazette/BSX Index. A total of 400 of the company’s shares were traded. Argus Group dropped 59 cents, or 12.8 per cent, to $4.01 ...

Bermudian-based PartnerRe Ltd has agreed to buy Canadian life reinsurer Aurigen Capital Ltd in a $286 million deal. In a statement released today, PartnerRe described Aurigen as a “top-five life reinsurer” in Canada, which generated gross premiums wr...

Profitable opportunities in the marine insurance sector have been sighted by Hamilton Underwriting Ltd, which has applied to Lloyd’s for permission to write that class of business next year. The company, which is the is the managing agency of Syndica...

Legal firm Sedgwick Chudleigh will tomorrow fake a cyberattack at a seminar — with Bermuda insurance professionals on the spot as the drama unfolds. A team from the Sedgwick Chicago office will discuss current standards for assessing board and manage...

Transferring operational risks, such as from cyberbreaches and rogue trading, to third-party investors through cat bonds, will be discussed at ILS Bermuda Convergence 2016. Two speakers from Credit Suisse, which brought to market the first insurance-...