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A bulk carrier sailing to Canada turned to Bermuda this weekend after a crew member suffered an electric shock. According to an incident report, RCC Bermuda was contacted minutes after midnight on Friday about an injury on board the M/V Algoma Value....

Dear Dave, What is your opinion of businesses that no longer accept cash? HEATH Dear Heath, Honestly, I think the whole scenario is kind of silly. Businesses that are suddenly into the “no cash” thing lose out on a lot of transactions. Believe it or ...

What will be next? In just the last six years, our global tax world has ramped up significantly more detailed tax compliance, residency reporting and filing information. Driven initially by the United States and its Foreign Account Tax Compliance Ac...

Concern about fundraising initiatives known as initial coin offerings, or ICOs, has been expressed by the IOSCO, a leading international policy forum for securities regulators. ICOs are also known as token sales or coin sales and typically involve th...

When the Bermuda Captive Conference returns to its June slot this year, after being displaced by the America’s Cup last year, it will have a new man at the helm. In addition, a number of fresh ideas and innovations, including a conference app, will b...

An inspiring and charismatic guest keynote speaker is lined up for the Bermuda Captive Conference in June. Derreck Kayongo was a Ugandan refugee who, with his parents, fled that country during the reign of Idi Amin in the 1970s. He eventually moved t...

Bermudian-based Katie Kelly has been named in a select list of captive industry professionals to watch in 2018. Ms Kelly is captive insurance director with PwC Bermuda. She is included in Captive Review magazine’s “Ones to Watch in 2018” list, which ...

Modest rate increases after a year of heavy catastrophe losses suggest that the peaks and troughs of the reinsurance cycle are getting smoother. That is the view of Fitch Ratings, whose analysts believe that alternative capital is changing the dynami...

The sale by Randall & Quilter of part of its business will prove a net positive for jobs in Bermuda. That is the view of R&Q, which is based in the FB Perry Building on Church Street and which said it has hiring plans for its remaining Bermuda operat...

University students home for the holiday break were given the opportunity to participate in a BFIS Speed Networking Lunch on at O’Hara House, courtesy of XL Catlin. Approximately 35 insurance professionals and over 40 college students enjoyed an hour...

Dear Dave, I have cousins who are looking to rent for a while, and I have an unoccupied rental house. Do you think renting to family is a bad idea? — Katherine Dear Katherine, Renting to family can work out just fine, as long as there are clearly un...

Maths rules the world — maths being a major component of the acronym Stem: science, technology, engineering, and mathematics. Money is an absolute. It does not lie. Maths is a universal language, needing no translation. People of diverse cultures, ra...