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Bermuda was given the nod of approval by Kroll Bond Rating Agency (KBRA), affirming the island’s long-term issuer ratings and revising it from negative to stable. The report says that the ratings were affirmed because of several key credit considerat...

Bermuda-based Mosaic Insurance has opened an office in New York, its first US-based physical address for a growing number of employees. The Midtown South office at 65W 36th Street, which will accommodate members of the global specialty insurer’s cybe...

KPMG in Bermuda has promoted four employees to directorships, while expanding its advisory practice with four new appointments. The professional services firm said that the appointments have been made because business needs are constantly changing wi...

Ignite Bermuda has expanded its team with the appointment of Bermudian Selica Blackwood as the organisation’s new communications and administrations officer. The entrepreneurial accelerator, which said that it received 79 applications for the post fr...

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...