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An embargo has been imposed on the formation of companies involved in cryptocurrencies. The government move was designed to allow for time to create a regulatory framework for the growing financial technology sector. The temporary ban was welcomed ye...

Bermudian reinsurer Maiden Holdings has hired Bank of America Merrill Lynch to “assist the company in evaluating strategic alternatives to enhance value”. Such action and language can sometimes be taken to mean that the company is putting itself, or ...

How well did you do? Twenty-five test questions were provided in this column on March 3 and 10. I’m expecting to hear from readers that they aced the test, because you should know that I went easy on you all. No fractions, statistics, or algebra. ...

The return of volatility in the first quarter versus 2017 was our focus last week. Some interesting pushback followed the premise that prices seem to ignore news sometimes and at other times hang on every headline. My explanation: most people have th...

Dear Dave, How do you sell a vehicle with a lien amount that’s higher than the actual value of the car? — Michael Dear Michael, First, you need to find a way to cover the difference between the amount of the lien and what you can get for the car. Le...

An HSBC customer whose money went missing after he tried to transfer it overseas has got his cash back. Cleon Scotland, a former St George’s Cup Match and Bermuda cricketer, saw red after HSBC Bermuda “lost” $4,175 of his money and told him it would ...

The two-day Bermuda Healthcare Forum this month has grown in size, beating the sell-out attendance at the inaugural event last year. Specialist insurance buyers for major hospital systems, long-term care facilities, physicians groups, and health bene...

All professional accountants in Bermuda have been brought into a single umbrella organisation as part of the island’s effort to meet relevant international standards. The change came about after members of the Chartered Professional Accountants of Be...

Large insurers are increasingly entering the market to buy reinsurance companies, according to risk adviser Willis Re. In its latest 1st View report, Willis Re said it had seen “largely flat” renewal pricing on loss-free programmes, but some modest g...

Enstar Group is mulling a sale of its StarStone and Atrium businesses, according to a report in British trade press. The Bermudian-based run-off specialist and its private-equity investor Stone Point have called in Evercore for advice after receiving...

Bermuda’s global insurance expertise will be spotlighted in an executive forum during this month’s Risk & Insurance Management Society annual Conference and Exhibition in San Antonio, Texas. The Bermuda Executive Forum, hosted by the Bermuda Business...

White Mountains Insurance Group Ltd announced it has agreed to acquire a majority equity stake in NSM Insurance Group. NSM is a specialty insurance programme administrator and the deal values the company at about $388 million. Bermudian-based insura...