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Bermuda is taking a “huge reputational risk” for what is likely to be little reward by encouraging crypto companies to come to the island, according to a tech expert. Martin Walker, banking and finance director at the non-profit Centre for Evidence-B...

Bermudian-based RenaissanceRe Holdings Ltd has estimated that losses from certain 2022 catastrophe events will have a net negative impact of approximately $650 million on the company’s third-quarter results. This estimate is primarily driven by the n...

The Bermuda Monetary Authority is seeking feedback from stakeholders on the proposed amendments to the Digital Asset Business Act 2018: Code of Practice and Digital Asset Business (Client Disclosure) Amendment Rules 2022. It is in relation to an init...

AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to Bermudian-based Research Insurance Company Limited. The outlook assigned to these credit ratings is stable. RICL is a capti...

Strategic Risk Solutions, the world’s largest independent insurance company manager, has announced that Paul Gatutha has joined SRS Bermuda as a director in its Hamilton office. The company said Mr Gatutha will be a key member of the Bermuda leadersh...

SiriusPoint Ltd, the global specialty re/insurer based in Bermuda, was among the participants in a $2.4 million seed extension funding round by LuckyTruck, the tech-enabled retail insurance agent focused exclusively on trucking. Led by Candid Insuran...

Walkers Bermuda and the TLC Group will be hosting a free webinar on data privacy next month. The one-hour webinar, A Refresh: The Personal Information Protection Act 2016, will be held on November 8. It is open to Bermudian business owners and opera...

Butterfield Bank’s share price slumped $1.22 (3.47 per cent) to $33.98 on Thursday on the New York Stock Exchange. The RG/BSX Index closed unchanged for the second day in a row at 2,492.47, with no trading on the Bermuda Stock Exchange.

Compre, the Bermudian-headquartered international legacy group, has agreed to acquire the Irish subsidiary of Covéa, Medical Insurance Company DAC, which provided general liability insurance covering professional medical malpractice risks before ente...

Unsecured creditors of one of the island’s longest-established retail organisations were left completely out of pocket when the operation went under, one of the company’s joint provisional liquidators has revealed. Charles Thresh and Michael Morrison...