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Global catastrophes last year cost a total of $123 billion, nearly a third down on the 15-year average of $175 billion. Losses were the lowest since 2009, and the fourth successive year to record a fall. However, they were only 8 per cent lower than ...

The company organising this year’s Agricultural Exhibition has announced that Butterfield & Vallis has stepped up to be a sponsor of the event. The wholesaler, along with JM Smucker Company (Robin Hood flour), AG Show Ltd president Antwan Albuoy said...

Bermuda-based Qatar Re now accounts for half of the Qatar Insurance Company’s (QIC) total premium income after its reinsurance premiums rose 116 per cent during 2015. Announcing its full year results, QIC reported a consolidated net profit of $292 mi...

Bermuda-based insurance group Armour has bought into a London Sharia-compliant insurance and reinsurance company. Armour has invested in Cobalt Insurance and the firm’s Sean Dalton has joined the London company’s board as a non-executive director. Co...

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...