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Bermuda-based Oil Insurance is to pay a $200 million dividend to its members. The cash, to be paid out at the end of the month, is in addition to the $200 million it gave back to members at the end of March. The mutual insurer for the energy industry...

Aspen Insurance Holdings Ltd has announced that it will renew its Bermuda special purpose insurer Silverton Re for 2017 with $130 million in capital. The Bermudian-based insurer and reinsurer set up Silverton in three years ago through its Aspen Cait...

Martha Myron, our personal finance expert, is taking a rare break from her Moneywise column this week. Instead we are running this highly informative piece on retirement fund planning by the financial education website, Investopedia, adapted in some...

The millennial generation around the world is set to inherit trillions of dollars over the next few years — and an expert warned yesterday they will want ethical investments. Gina Pereira, of Toronto-based Dana Philanthropy, said: “Younger people, wh...

Dear Sir, Majority rules. With regard to the recent protest based on seemingly distorted motives, thank you to those who stood up to those promoting unpalatable approaches. Thank you, Mr Editor, for your frank Saturday editorial. Thank you to Venou...

Reform of a government-run flood insurance programme will bring new opportunities in the US for Bermuda reinsurers. The National Flood Insurance Programme is $23 billion in debt with the American taxpayer on the hook and legislators are looking for w...

Kevin O’Donnell, chief executive officer of RenaissanceRe Holdings Ltd, has been elected chairman of the Association of Bermuda Insurers and Reinsurers for a two-year term beginning January 1, 2017. Mr O’Donnell succeeds Stephen Catlin, the XL Catlin...

The key story in November was Donald Trump’s surprise victory in the US presidential election. With prospects of a Trump victory increasing as results poured in from key battleground states, equity futures sank, with the S&P 500 futures hitting limit...

Insurance industry veteran Brian Duperreault took part in a global virtual town hall meeting aimed at attracting younger people into the sector. Mr Duperreault, Hamilton Insurance Group chairman, joined other CEOs, including Inga Beale, of Lloyd’s of...

Hiscox’s leader in Bermuda, Jeremy Pinchin, is to return to Britain next year. After five years heading up the specialist global insurer’s operations on the island, Mr Pinchin is returning to London to continue in his role as Hiscox Group claims dire...

Dear Dave, We have three preschool grandchildren, and they get tons of stuff for Christmas every year. We’re in really good shape financially and would like to do something for their future this year instead of giving a toy that might get thrown in t...

Christmas shopping preparations have started. Pressure is escalating for parents, relatives and friends to produce gifts that will live up to expectations. Not everyone has a spending nest egg this year given that here are many individuals, and the...