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As official insurer of Oracle Team USA, Bermuda-based Ironshore is underwriting not only the risks of the team, but also many aspects of the America’s Cup events. Since Oracle is the defender, it is hosting all the events associated with the ‘Auld Mu...

The co-founder of the British luxury watchmaker appointed as the America’s Cup official timekeeper yesterday said the event would mean big business for his firm and Bermuda. Giles English, who started precision timepiece company Bremont with brother ...

Costly damage caused to Amtrak’s infrastructure by Superstorm Sandy in 2012 is one of the reasons the company has obtained $275 million of catastrophe bond insurance coverage this month. The three-year cat bond notes were issued in Bermuda last week ...

Aspen Insurance Holdings estimates it faces about $50 million in pre-tax losses from the Tianjin port explosion in China, wildfires in the US and last month’s earthquake in Chile. The company said the losses primarily impact Aspen’s reinsurance segme...

Bermuda faces tough competition from other jurisdictions in attracting family trust business, a conference of industry experts heard yesterday. And Bermuda should be doing more to make it easier for very wealthy clients to establish residence in Berm...

The Royal Gazette/BSX Index closed unchanged at 1,215.11 after a day without trades. The BSX Insurance Index ended the day up 13.41 points (0.82 per cent) at 1,643.65.

Top executives of global giants are to jet in to Bermuda for the first Island America’s Cup races this weekend, America’s Cup supremo Sir Russell Coutts said yesterday. Sir Russell said top executives from America’s Cup sponsors Louis Vuitton, luxury...

Bermuda is in a strong position to hold on to its insurance-linked securities business — despite attempts by the City of London to muscle in on the sector, ILS Bermuda chairman Greg Wojciechowski said yesterday. Mr Wojciechowski was speaking after a ...

Networking group Women in Reinsurance (WiRe) has launched a chocolate fundraising campaign to help families in need. The 150-strong WiRe aims to sell 6,400 boxes of chocolate-coated almonds over the next month — with the proceeds going to charity the...

Thirteen years is a long time in the sphere of offshore legal developments, but the regime introduced by Bermuda’s Trusts (Regulation of Trust Business) Exemption Order during 2002 may remain the most cost effective and flexible framework for private...