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Insurers and reinsurers in Bermuda need to step up their cybersecurity defences and strategic planning. The Bermuda Monetary Authority has carried out an assessment of the level of technology risk that faces the island’s commercial insurance and rein...

On the eve of new international requirements for companies to show economic substance in jurisdictions where they have a registered presence, Bermuda’s leading international insurers and reinsurers, have expressed continued support for the Bermuda Go...

Dear Dave, I’m thinking about signing up for a return of premium life insurance policy. It costs more per month than other policies, but it allows you to get all your money back after 30 years assuming you live that long. Is this too good to be true?...

Can I be honest? I’m tired of hearing people make millionaires out to be big, bad wolves. That all wealthy people are evil, greedy, self-centred people who inherited or stole money to get rich. It’s as if there were something wrong with being wealthy...

Bermudian-based Hamilton Re is inviting applications from students entering their junior year of college who are interested in participating in an intern programme during the summer. Reporting into the catastrophe modelling team, the internship progr...

It seems fitting that 2018 was the Year of the Dog in the Chinese zodiac. Most asset classes fared poorly this year as investors hit the panic button, but the pain has been particularly acute in the emerging market sector. Notwithstanding a few month...

A team from Bermuda High School has jumped to the top of the KPMG Investment Challenge leaderboard. The “Business.brains” team improved the value of its virtual stock portfolio by 2.6 per cent in December, to $104,135. With the US stock market droppi...

Some borrowers in Bermuda with residential mortgages, commercial loans or corporate loans will pay more interest after the US Federal Reserve raised interest rates. In response to the quarter percentage point hike in the US, Butterfield Bank said it...

Catastrophe risk modelling firm AIR Worldwide estimates that the direct cyberincident losses for the Marriott breach will be between $200 million and $600 million. AIR’s loss estimates are based on the assumption that 500 million records were stolen...

Insurance and reinsurance companies in Bermuda are doing a little more to make the festive season more enjoyable for Bermudians in need. Many of the companies that make up the Association of Bermuda Insurers and Reinsurers donate funds and time durin...

A study by PwC has concluded that 65 per cent of millennials would not be able to handle a $2,000 unexpected expense and that they are unlikely to seek financial advice. The article discusses the way this generation thinks about money and their outlo...

John Charman will leave his role as chief executive officer of Bermudian-headquartered Sompo International Holdings Ltd next year to become CEO of Overseas Insurance Business at parent company Sompo Holdings Inc. In his new position he will head up a...