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It is graduation day and the setting is perfect. The audience is all dicty. Moms, dads, and relatives are all beaming because this is the transcendental day. The speeches are beautifully prepared and eloquently delivered. They are full of wonderful q...

Almost ten years after mounting losses pushed Bermudian-headquartered Scottish Re Group Ltd into run-off, the life reinsurance specialist has started a voluntary, provisional winding-up process. The action comes after the company’s management raised ...

Insurance group Argus has launched a virtual reality tour of the America’s Cup. Three 360 degree videos — accessible through an app and special goggles — feature Argus’s official healthcare partner SoftBank Team Japan. Alison Hill, CEO of Argus, said...

New international rules on accounting standards will hit island life insurers harder than general insurers, professional services firm Deloitte said yesterday. The company spoke out after the International Accounting Standards Board released its IFRS...

When Star Wars actress Carrie Fisher died in December, it triggered what is thought to be the largest single personal accident insurance claim payout ever. And among the more than 20 carriers that jointly covered Disney’s insurance policy on Ms Fishe...

A $125 million catastrophe bond covering some of the risks of the body responsible for public transport in New York has been listed on the Bermuda Stock Exchange. It is the second issuance from MetroCat Re, the Bermuda-domiciled special purpose insur...

The annual BFIS Bermuda Summer Intern programme, now in its sixteenth year, started this week for six undergraduate students who will spend the next three weeks, through June 9, learning about the Bermuda insurance industry in depth — from how to for...

NEW YORK/LONDON (Reuters) — Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world’s political hotspots to recoup losses caused by ransomware viruses such as “WannaCry”, insurers say. Cyber insur...

When it comes to debt, student loans and credit cards can be detrimental to the financial success of young adults. The devastating mistakes students make in college can haunt them for years and keep them from stepping into the next phase of life with...

This is part 8 of the Bermuda Investment Primer series. Bonds are not equity in a company, municipality, city, state, or country. Bonds are good old-fashioned debt. Most bonds are issued with a term-certain maturity date (shelf-life if you will) at ...

New international accounting rules could affect the island’s insurance industry as much as European Union Solvency II requirements, a professional services firm said yesterday. Now PwC is to hold a live global seminar to highlight International Accou...

NEW YORK (Bloomberg) — Bermudian-based insurer Global Atlantic Financial Group is weighing an initial public offering as soon as this year, according to people familiar with the matter. The fixed-annuity seller is mulling an initial public offering o...