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Bermudian reinsurer RenaissanceRe is working with catastrophe modelling firm AIR Worldwide in a joint effort to enhance the insurance industry’s modelling of long-tail casualty risk. “Since our inception, RenaissanceRe has been at the forefront of ap...

The Argus Group has donated $17,000 to Knowledge Quest, a scholarship charity, to fund higher education for Bermudians. The funds for the donation came from the sale of shares held in a trust in the name of John Sainsbury, a former chief executive of...

The new Samsung Galaxy S9, which some commentators are touting as the “phone of the year”, has arrived in Bermuda. The S9 and S9 Plus are proving popular with customers eager to try out the new features. One Communications has the phones in stock at ...

Gosling’s Limited yesterday announced a voluntary recall by Stella Artois of 33cl bottles of beer that may contain particles of glass. The recall applies to single bottles of Stella Artois, and is limited to bottles from one third-party production fa...

HSBC Holdings is considering pulling out of some of the smaller markets in which it operates — such as Bermuda — according to a report by Bloomberg News. John Flint, chief executive officer of the global bank, and Mark Tucker, the chairman, are consi...

NEW YORK (Bloomberg) – American International Group awarded Brian Duperreault a $43.1 million pay package last year after he took over as the insurer’s chief executive officer. The compensation includes $12 million in cash to replace awards Mr Duperr...

XL Catlin has enhanced an online underwriting platform to give design professional brokers capabilities for quick, single-point access to rate, bind and issue professional liability insurance coverage for architects, engineers, and other design profe...

Butterfield Bank has completed the acquisition of the Deutsche Bank Global Trust Solutions. In a statement the bank said that former GTS employees and accounts had successfully transitioned to Butterfield and all trust and fiduciary services for for...

Four charities received a total of $35,000 in donations from AIG Bermuda. The Salvation Army, Meals on Wheels, The Eliza Do Little Society and The Lady Compassionate Association were named as AIG’s 2018 charitable donation recipients. Each was presen...

A blockchain initiative for the insurance industry, that includes XL Catlin as one of its founding shareholders, has incorporated in Switzerland. The Blockchain Insurance Industry Initiative, known as B3i, was set up as a collaboration between 15 glo...

A pornographic film star’s interview on American television provided an unlikely publicity boost for Bermudian beverage firm Goslings. Stephanie Clifford, who struck a $130,000 deal to keep her silence over an alleged affair with US President Donald ...

Bermuda Aviation Services Ltd has appointed three new directors to its board. The Bermuda Stock Exchange-listed company said Dennis Fagundo, Michael Leverock and Glen Smith would help to provide oversight and leadership to the group. BAS owns subsidi...