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The law of large numbers employs probability theory to estimate the frequency of certain events with reasonable accuracy; the larger the number (or population), the greater the accuracy. Collective risk spread is an enigmatic description for assessin...

Dear Dave, What is the main difference between people who follow your plan, stick with it and succeed, and those who fall off along the way? — Damon Dear Damon, I’ve walked with thousands of families through financial problems. Some of them were...

Sweeping changes to the global tax system were agreed to yesterday by more than 130 countries that could wreak havoc on Bermuda’s major economic pillar – international business. The changes to how global companies are taxed, includes a 15 per cent mi...

The RG/BSX Index closed slightly down by 0.06 of a point at 2,571.66 on the Bermuda Stock Exchange with one decliner. For the week, the index was up 15.26 points (0.59 per cent). The Bank of Butterfield fell 12 cents (0.32 per cent) to close at $37.2...

Global Atlantic Financial Group has appointed Alberto Autmezguine as managing director, chief financial officer and chief actuary of its Bermuda business. The US-focused annuity, life insurance and reinsurance company said that he will be responsible...

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) of Bermuda-based Watford Re Ltd and its subsidiaries. In addition,...

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Bermuda-based RVI Guaranty Co Ltd and its Connecticut-domiciled subsidiary, RVI America Insurance Company. The outlook of...

Industry veteran Patrick Bousfield has joined the Bermuda office of Lockton Re as a senior broker. Lockton Re is the global reinsurance business of the world’s largest privately held independent insurance broker. Jonathan Davies, CEO of Lockton Re Be...

As newly renovated Point House comes online on the edge of the city of Hamilton, it is triggering an avalanche of activity in the city’s commercial rental sector. "Point House is a substantial space with 90,000 to 100,000 square feet to offer,“ sai...

The latest Covid-19 wave from the Delta variant will sound the death knell for certain Bermuda businesses, economic analysts have surmised, and its effects will hamper the anticipated rebound. From the same document that theorises the under-reporting...