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Insurers and reinsurers can expect to see their margins eroded as inefficiencies are “brutally exposed” by disruptive technology, according to a report by a major management consultancy. Oliver Wyman, an arm of Marsh & McLennan Cos, sees the financia...

The clock is ticking for exempted investment funds set up under the old legislative regime, which face an October 3 deadline to be reclassified under legislation enacted in 2013. The Investment Funds Act 2006 was amended with effect from October 4, 2...

Bermuda-based insurer and reinsurer Aspen has acquired a US specialist crop insurer. Aspen said yesterday it had bought over AgriLogic, based in Kansas, which provides crop coverage with an integrated agricultural consultancy and which has estimated ...

Wraparound video and self-driving cars will have a big impact on people’s lives in coming years. And it is not a question of if they will arrive, it’s more a question of when. That’s the view of John Narraway, the general manager of iClick and The Co...

Shares of Argus Group lost 44 cents (11 per cent) to close at $3.65 after 700 were traded on The Royal Gazette/BSX Index. Utilities company Ascendant was unchanged at $4.80 after 700 shares changed hands, and telecoms firm KeyTech was also unchanged ...

A new Price Rite store opens its doors this afternoon in Warwick, and it is almost twice as big as the original warehouse-style outlet at Mill Reach Road in Pembroke. There is 13,000 sq ft of retail space, predominantly focused on bulk food items, in...

Bermuda Motors has appointed Richard Lang as workshop manager. Mr Lang, 30, will be responsible for managing the company’s busy service and repair operations. Mr Lang has more than ten years’ experience working at the UK’s largest independent Kia de...

The Canadian developer of the new $249 million airport has been granted a string of perks, the official contract has revealed. Canadian Crown Corporation and its subcontractor construction firm Aecon — collectively referred to as Project Co — will be...

New-York based Everest Re executive Sanjoy Mukherjee is to become the new managing director and chief executive officer of the company’s Bermuda operation. Mr Mukherjee, executive vice-president, secretary and general counsel for Everest Re, will rep...

Mike McGavick, the chief executive officer of XL Group plc, will moderate and co-chair several discussions at this week’s World Economic Forum (WEF) in Davos. Mr McGavick was due to lead the Insuring the Transforming Risk Landscape this morning in th...