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Everest Re Group Ltd has estimated total pre-tax net catastrophe losses of $635 million for the third quarter. The announcement was made by the Bermuda-based global re/insurer today, in advance of its full quarterly earnings to be released on October...

The RG/BSX slipped 3.10 points (0.12 per cent) to close at 2,555.15 after two insurance stocks traded on the Bermuda Stock Exchange. Both Argus Group Holdings and BF&M Ltd had stock change hands. Bank of Butterfield fell $1.02 (2.75 per cent) to clos...

HSCM Bermuda has increased its investment in Tensorflight, an artificial intelligence and imaging-based insurtech. The investment was part of a Series A funding round by Tensorflight, which it said is aimed at accelerating market penetration and prod...

Bermuda’s first digital bank may already be on the cards, with the Government welcoming the first formal bid. The application submitted to the Bermuda Monetary Authority proposes a bank serving digital-asset businesses and institutions globally from ...

In today’s opening session of Bermuda Virtual Tech Summit 2021, David Burt, the Premier, discussed the launch of a $100,000 stimulus token programme designed to familiarise the community with cryptocurrency. He spoke with Forbes associate editor Mic...

Financial institutions need to get serious about cryptocurrencies, a technology expert said today. Stephen Stonberg is the CEO of Bittrex Global, one of the world’s largest blockchain digital-asset trading platforms. He was a keynote speaker at the B...

Bermuda’s regulators “get it” when it comes to understanding the future of digital technologies and specifically fintech opportunities. This was the view of Appleby partner Jerome Wilson during the opening day of the virtual Bermuda Tech Summit, host...

The Bermuda Economic Development Corporation’s annual Rocket Pitch competition has helped entrepreneurs to launch or expand more than 40 businesses over the past 13 years. Now the corporation is looking for another group of entrepreneurs, with a call...

Belco is to hold a virtual open house today to provide information about the organisation’s upcoming apprenticeship programme. Hosted by Nadir Wade, managing director of bulk generation, the open house is an opportunity for anyone interested in apply...

A majority of companies do not have a handle on their third-party cyber risks, which are obscured by the complexity of their business relationships and vendor/supplier networks, a global survey by the professional services firm PwC has revealed. The ...