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Andrew Kanelos has been appointed executive chairman and chief governance officer of Bermudian-based insurer Oceanview Reinsurance Ltd. Mr Kanelos, formerly with Transamerica Life Insurance, will direct the management activities of the company and s...

Leading catastrophe risk solutions company RMS and specialty (re) insurer Canopius have been developing and enhancing Canopius’ climate change risk analysis with the adoption of RMS Climate Change Models. RMS has worked closely with Canopius to fully...

A private equity firm has started using a real-time environment, social and governance data analytics solution developed by Bermudian-registered financial services provider Apex Group Ltd. Adams Street Partners, which has more than $49 billion under...

A proposal to boost insurance payouts for road accidents have been put before Parliament. The legislation, an update to a law passed in the 1940s, seeks to increase insurer liability for anyone travelling in a car or “a public carriage”. The insurer ...

The RG/BSX Index closed the day unchanged at 2,648.34 with no activity among domestic companies on the Bermuda Stock Exchange. The Bank of Butterfield fell 23 cents (0.63 per cent) on the New York Stock Exchange to close at $36.12.

Business owner Alfonso Harris has doubled down on the olde towne. Mr Harris, the long-time proprietor of Churchill’s wine and spirits store in the Town of St George, has added a second shop, Winston’s Wines, to his portfolio. The 59-year-old said: “I...

Global banking giant Credit Suisse supplied complex and extensive accounts statements as physical copies to its own expert witness – and would not provide them in a more efficient and manipulable electronic format. The situation facing the financial ...

The impact of Covid-19 on the Bermuda insurance market has been an “earnings” event affecting the insurers' income statements and not a capital event affecting their solvency positions, a Bermuda Monetary Authority report has said. But the BMA also s...

Rene Lamer is back in Bermuda, this time with specialty re/insurer IQUW’s new reinsurance operation. IQUW is developing the underwriting and operational capabilities of its Bermuda platform, bringing in Mr Lamer as managing director, underwriting and...

Surprise! Your child might buy your Christmas present with his or her very own debit card – funded by you, of course. Debit cards for kids – from as young as three to late teenager – are still a relatively new concept, less than a decade old. The gro...