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Insurance-linked securities are instruments by which insurance risk is transferred to capital markets. For insurers and reinsurers, ILS represent an alternative to traditional reinsurance and retrocession. The benefits that ILS offer to insurers an...

A Bermudian architectural firm was yesterday announced as the landscape architect for the proposed new airport. Canadian company Aecon, a partner in the proposed redevelopment, said OBM International got the job after a rigorous assessment process. N...

The winners of the annual business Startup Weekend have been announced. And the honours this year went to Shiply — a web-based platform that connects people bringing in a container with people who want to transport goods to the island. Shiply — the b...

The impact of low oil prices has caused some shipping companies to direct their vessels around the Cape of Good Hope, the southern most tip of Africa, rather than sail through the Suez Canal in Egypt. It is the latest boon for fleet operators who hav...

It’s official: Bermuda has Solvency II third-country equivalency, as of today. That means the European Union considers the standard of the island’s insurance regulation to be equivalent to its own. In November last year, the European Commission recom...

Bermuda’s financial-services regulator is to name and shame people and institutions punished for breaking the rules. The Bermuda Monetary Authority’s adoption of a more public approach to enforcement was outlined by Jeremy Cox, the organisation’s chi...

The chairman of Italian investment giant Exor today became chairman of the board at PartnerRe. John Elkann’s firm completed a $6.9 billion deal to take over the Bermuda reinsurer after a takeover battle with Axis Capital Holdings. Emmanuel Clarke, pr...

Bermuda is to explore the possibility of investment and business opportunities with Iran, following the lifting of UN sanctions against that country earlier this year. The Middle East country is hosting the Iranian Aviation Symposium between April 25...

Artex Risk Solutions has acquired the insurance management operations of Kane. The move means Artex’s operations in Bermuda and Cayman will combine into Kane’s. David McManus, president and CEO of Artex, said: “Kane is rightly recognised in the indus...

A Bermuda architectural firm has gone nuclear — but in a good way. Cooper Gardner has designed the building for a revolutionary mini-nuclear power plant aimed at small and isolated communities. And the sleek, low-rise design has won praise from Canad...