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Matthew Isaly has joined Hamilton Re as senior vice-president, head of information systems. It is a newly created position. He will work with Hamilton Re’s management team to set the direction of the company’s core information systems and to execute ...

One of the island’s major whole- sale distributors has started a recruitment drive in preparation for the America’s Cup. Butterfield & Vallis is looking to expand its warehouse workforce to deal with the influx in business from the event and ensure i...

Immigration, work permits and Bermuda status generated tremendous upheaval on the island this week. But what do you know about the law, the defining pieces of our Constitution for democratic society? It pays to out the real facts and that is someth...

Dear Dave, My husband has two trucks, one of which is a work truck at his construction site. It’s in really bad shape, and he wants to take $16,000 out of savings to buy another one. We only have $17,000 in the account. What should we do? CAROLINE De...

Reinsurance rates are struggling to stabilise due to profitable results achieved in 2016 and a continuing capital oversupply. That is the assessment of Willis Re, the reinsurance advisory business of Willis Tower Watson. And it has noted that while m...

Almost $190 million of insurance-linked securities have been admitted for listing on the Bermuda Stock Exchange. Three tranches of notes have been issued by Willis Capital Markets & Advisory’s Resilience Re Ltd issuance platform. A $101 million pl...

A subsidiary of Bermudian-based insurance group Randall & Quilter Investment Holdings has bought up a Liechtenstein insurance company from its Swiss owners. R&Q Insurance (Malta) has acquired all the issued share capital of Clariant Insurance AG, own...

Bermudian-based insurance and reinsurance firm Enstar has bought an engineering company for $91.5 million. The buy-up of US-based Dana Companies, a vehicle drivetrain, sealing and heat management technology specialist, is international operator Ensta...

Natural catastrophes losses last year ticked upwards to $175 billion, the highest level in four years and up two-thirds on the 2015 figure. Only 30 per cent of losses, about $50 billion, were insured, highlighting there has been virtually no change i...

Catastrophe bonds hit a $26.82 billion record last year — a new record since the category was launched more than 20 years ago. The outstanding cat bond market was pushed to the new height by more than $7 billion in new cat bonds and insurance-linked ...

A Bermudian-based catastrophe bond has passed its attachment point with an impact of more than $195 million at the end of November, it was reported. The attachment point for the $200 million cat bond — the stage at which qualifying losses start to er...

It’s time for a fresh start. A clean slate. Your biggest dreams! Maybe you want to buy a home, save more for retirement, or enjoy a debt-free vacation next year. Now’s the perfect time to make a plan for your money and your goals! Whatever your new y...