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Another market blow-up. FTX was one of the biggest cryptocurrency exchanges in the world. Founded in 2019 and based in the Bahamas. FTX specialised in derivatives, leveraged products and spot trading markets, developed at an extraordinary growth rate...

Dear Dave, I use a debit card for all my regular, day-to-day purchases. However, I use a credit card for plane tickets, big ticket items, or when I shop online because someone told me it’s easier to dispute purchases when they’re made with a credit c...

The RG/BSX Index rose 70.32 (2.90 per cent) to 2,421.12 for the week. The two issues driving the change were Argus Group Holdings Ltd. which rose 70 cents (13.9 per cent) to $5.75 after trading of 19,700 shares; and, the Bank of N.T. Butterfield Ltd....

A major market for Bermuda’s reinsurers, Florida, is in danger of becoming largely uninsured if legislators there do not make the right decisions, according to one top-level British insurer. Patrick Tiernan, Lloyd’s chief of markets, this week told ...

Bermudian-based Convex Re Limited has appointed Paul Simons as deputy chief executive officer and has promoted Richard Slater to chief underwriting officer. Both will assume their roles this month and will be based on the island. They will report to ...

The Hamilton Princess & Beach Club is calling their newest retail store the “pinnacle of high fashion”. The hotel on Pitts Bay Road in Pembroke launched Blank Canvas this month as the final boutique to complete its retail arcade. The store offers ma...

Hurricane Ian and other extreme weather events such as the winter storms in Europe, flooding in Australia and South Africa as well as hailstorms in France and in the US resulted in an estimated $115 billion of natural catastrophe insured losses this ...

Apex Group Ltd, the Bermudian-based global financial services provider, has appointed Anne Storie as country head, Cayman Islands. Ms Storie will be based in Grand Cayman and report to Georges Archibald, chief innovation officer and managing director...

Axis Capital Holdings Limited's environmental business unit has launched a Specialty Package Policy for manufacturers. The SPPm policy covers a range of general and environmental liability exposures facing manufacturers, all in one integrated insuran...

Brian First has been promoted to president of Arch Insurance North America. He was promoted from chief underwriting officer of programmes, property and specialty, and will continue to report to Matt Shulman, CEO of Arch Insurance North America. Mr Fi...