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Europe is set to bail out its “zombie banks” within the next few months, a banking industry expert told an audience of asset management professionals in Bermuda yesterday. Lawrence McDonald, who witnessed a bank’s collapse from the inside when he was...

The Department of Maritime Administration starts as a quango, effective tomorrow, under the new rubric of the Bermuda Shipping and Maritime Authority. Legislation for the move was passed by Parliament in June with Bob Richards, the Minister of Financ...

The Dive In Festival for Diversity and Inclusion in the insurance industry in Bermuda and around the world wraps up today. The three-day festival, sponsored by XL Catlin and other companies in the industry, attracted a diverse group of attendees, in...

NEW YORK (Bloomberg) — Former American International Group chairman Maurice “Hank” Greenberg says he got personally involved in an “insignificant” business deal at the insurance giant 18 years ago to teach some managers a lesson. Now, that deal is pa...

Three senior staff at law firm Conyers Dill & Pearman have been recognised on an annual leaders list. And Estera group director Rory Gorman has been recognised on the same list, with a place on the Trustees Honours List. Alec Anderson, global head o...

American International Group, Hamilton Insurance Group (Hamilton), and affiliates of Two Sigma Investments, LP today announced they have reached agreement to form Attune, a technology-enabled platform to serve the $80 billion US small to medium-sized...

Bermuda’s bid to attract more business from Latin America could put visiting business chiefs at risk from kidnapping, an expert warned yesterday. Elman Myers, managing director of Bermudian-based Hiscox’s special risks agency for the Americas, said t...

The reinsurance industry is ready to transform into a more efficient and data-driven industry — and participants who fail to realise that will struggle to survive. That is the view of Kathleen Reardon, chief executive officer of Hamilton Re, who beli...

Readers, this is a current update on a previous article I wrote for Moneywise in The Royal Gazette more than nine years ago. A few weeks ago, readers of The Royal Gazette read an incredibly sad story: “After the tragic loss of my daughter, I’m out o...

Dear Dave, My wife and I recently sat through a timeshare pitch at my mom and dad’s community as a favour to them. We’re trying to get out of debt and take control of our money, so when the salesman said we could put the whole thing on a credit card,...

We all have stress in our lives, especially when dealing with money. But there are habits you can incorporate into your life that will reduce money-related worries. By applying these tips, you can be well on your way to gaining control of your financ...

Bermuda Investment Advisory Services is offering global web-based trading for $6.95 per trade, plus two cents per share. Its just-launched Freedom Trading securities trading platform will have mobile capabilities. “This will be less than half the co...