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Bermuda-based Tower Group International is reviewing a “range of strategic options” after the re/insurer determined it had to add $365 million to reserves and take a $215 million impairment of goodwill tied to its commercial, specialty and reinsuranc...

Two top Foreign Office officials have paid a flying visit to Bermuda to familiarise themselves with the Island’s business environment. And Tim Colley and Marilia Astle took time to meet with Chamber of Commerce members — who stressed that Bermuda was...

A unique office-sharing scheme is set to expand and target smaller local businesses and new firms setting up shop on the island. The move came after the existing office-share building, nineteen, in Hamilton’s Queen Street, became fully-occupied after...

Picking up on our discussion from last month regarding the benefits of Cloud computing, I want to drill down a bit further and explore ways in which you can use Cloud resources to protect your valuable data against unforeseen and potentially catastro...

In the wake of the Boston bombing and the Kenyan mall attack, Ironshore Inc. has announced that its global terrorism and sabotage programme, to protect against diverse risk exposure worldwide, has increased capacity to up to $300 million. The insuran...

Trash-It NOW is a brand new business — dumpster rentals to individuals and businesses for recycling and trash collection. Darren DeSilva, who is the entrepreneur behind the well-known water delivery business, Water Now, which offers customers the abi...

ACE Group has named Nicolas Givelet as Risk Engineer in its Continental Europe environmental insurance team as it continues to invest in building its environmental risk expertise for clients facing an increasingly complex global regulatory environmen...

Montpelier Re Holdings is launching a new Bermuda company called Blue Capital Reinsurance Holdings. Blue Capital Re, a property catastrophe reinsurance company, which will invest in insurance-linked securities, filed with the SEC to raise up to $100 ...