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Clarien Bank has become the second island-based financial institution to increase its Bermuda dollar base lending rate by 50 basis points, or 0.50 per cent, following the US Federal Reserve rate increase earlier this month. Butterfield Bank was the f...

There is a big opportunity for the insurance industry in the arena of “speeding up transition” to a low carbon economy, said Richard Dudley, global head of climate strategy at Aon. Mr Dudley was speaking as a panellist at the Bermuda Climate Summit 2...

A third of reinsurance buyers will buy more, or significantly, more reinsurance protection during his midyear renewal season, according to an industry survey. While 22.5 per cent said they will buy less, some 41.5 per cent expect to purchase about th...

Bermuda reinsurers may opt for declining participation in the Florida property market ahead of the projected above average Atlantic storm season forecast by climatologists. Even after the Florida legislature last week used record speed to pass sweepi...

The Bermudian online payment solutions provider, First Atlantic Commerce, has announced an alliance with the FinTech Association of Trinidad & Tobago, a not-for-profit organisation that provides open membership to fintech start-ups and tech companies...

Three new members have been appointed to the executive management committee at Valaris Limited, the Bermudian-based offshore drilling company. Chris Weber will join Valaris as senior vice-president and chief financial officer, Matt Lyne will come abo...

The insurance division of Bermudian-based Everest Re Group Ltd has expanded into Latin America after receiving regulatory approval to operate in Chile. Everest Insurance will do so under the name Everest Compañía de Seguros Generales Chile S.A. Senio...

The refusal by shareholders to sanction the sale of Bermudian-based Randall & Quilter Investment Holdings Ltd has had a negative impact on the ratings assigned to the company and three of its subsidiaries by AM Best. The ratings agency has revised th...

It struck in ferociously with 150mph winds in the late afternoon. The turmoil was relentless for 12 hours straight through the night. On the shore line, solid stone homes collapsing under the assault of the 30ft booming ocean rollers. Entire windows,...

Summer’s just around the corner, which means you might be thinking about one of my favourite things: vacation! In fact, I always joke that vacation planning is basically one of my spiritual gifts. But we all know vacations can get expensive really fa...