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A series of lunch and learn sessions dedicated to aspects of anti-money laundering audit processes, procedures and compliance, are to be held in Bermuda during the next few months. The monthly sessions are being hosted by Oyster Consulting (Bermuda) ...

The Bermuda Foundation for Insurance Studies has held its final event of the summer for its scholarship programme. The 26 BFIS students were treated to lunch by the mentoring and alumni committee before they head overseas to continue their academic s...

Financial services firm Sun Life Financial International has indicated it plans to boost the size of its Bermuda workforce. Dan Fishbein, president of Sun Life Financial International US, said the new offices in Washington Mall had space for more tha...

A segment of Bermudian-based Aspen Insurance Holdings is to open a new office in Texas. Aspen US Insurance will use the Dallas office as hub for regional customers and brokers, with an initial focus on excess casualty products on a wholesale and reta...

Inflation fell in June to 0.8 per cent, down from 1.1 per cent the previous month. Between May and June, the average cost of goods and services in the Consumer Price Index increased by 0.5 per cent. The all-items index rose to 101.5 in June. This mea...

An open call has been issued to prequalify companies seeking to participate in the tender process to build a solar power facility on land adjacent to L.F. Wade International Airport. The Bermuda Government is seeking a six megawatt AC solar power pho...

Polaris Holdings dropped five cents, or 1.2 per cent, on The Royal Gazette/BSX Index. The fall came after 5,200 shares moved, leaving the firm’s price at $4. The Bank of Butterfield dropped one cent, or 0.5 per cent, to $1.99 after 12,679 shares chan...

In the wake of Arch Capital Group Ltd agreeing to acquire United Guaranty Corporation from AIG, one of the major rating services has revised its outlook for the group from stable to negative. It is a cautionary move by S&P Global Ratings, which has a...

Political unrest could hit the island’s biggest industry, the Association of Bermuda Insurers and Reinsurers warned yesterday. An Abir update on the sector’s massive contribution to the economy said that political risks, the high level of debt and sp...

Reinsurers face being hit by a double whammy of a decline in profits and exposure to high-frequency risks. A report from ratings agency Standard & Poor’s said that the global industry may reassess their exposure if annual loses from catastrophes rise...