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Asset managers globally are expected to increase their ESG-related assets under management to $33.9 trillion by 2026, up 84 per cent from $18.4 trillion in 2021, a new report by professional services firm PwC reveals. ESG assets are on pace to consti...

Leaders must embrace rapid technological change to capitalise on the opportunities it will present, a futurist has said. Sinead Bovell, who is to be a featured speaker at Bermuda Tech Week this month, said: “For so many people, it feels like the futu...

A market discussion on the state of Bermuda’s life and annuity sector shows that assets under management have been barrelling towards $1 trillion. A Bermuda lawyer closely allied with the industry believes it is time the sector was considered to be a...

The RG/BSX rose 9.41 (0.39 per cent) to 2,432.80, driven higher by trading in a single transportation stock. Bermuda Aviation Services Ltd rose $1.70 (161.9 per cent) to close at $2.75 on trading of 360 shares. Meanwhile, on the New York Stock Exchan...

Bermudian-based Lancashire Insurance Group, the global specialty re/insurer, has welcomed ten new staff members. Angus Roberts has joined as head of airline, Francis Lobo has been appointed head of engineering and Nicola Nairn has joined Lancashire a...

Lloyd’s is restoring services after taking some systems offline in the wake of unusual activity on its network. In a statement on its website, Lloyd’s said: “Last week, unusual activity was detected on the Lloyd’s network. “As a result, the proactive...

Former Bermuda market veteran Andrew Carrier has been appointed chief executive officer of MS Amlin Underwriting Limited, the Lloyd’s re/insurer. Mr Carrier, currently MS AUL’s chief underwriting officer, will take up the role on January 1, subject t...

An American organisation with operations in Bermuda has announced the launch of the Diamond Standard Spot Market, enabling free and instant trading of Diamond Standard Coins. The move comes after Diamond Standard closed a $30 million investment round...

Key participants in the alternative reinsurance, convergence and insurance-linked securities marketplace come together this week for networking and education sessions at Convergence 2022 ILS Bermuda organisers believe clients have a unique opportunit...

Bermuda’s banking sector recorded net after-tax income of $86.3 million in the second quarter of the year, the Bermuda Monetary Authority has reported. The BMA, in its quarterly banking digest, said that it was an increase of 36.6 per cent, or $23.1 ...