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Kyle Fisher has been announced as the winner of Rubis Energy Bermuda Ltd’s second Fuel for Life promotion valued at $112,500. “I am at a complete loss for words,” Mr Fisher said. “I live in Somerset and my current job site is at the Bio Station, so ...

TOKYO (Bloomberg) — Japan’s bond investors are so desperate for yield that more and more of them are putting money in notes from insurers whose value can be wiped out by unexpectedly strong hurricanes or earthquakes. Catastrophe bonds in the US yield...

This is part seven of the new retirement series for Bermuda and looks at finalising your retirement savings and the need to get back to basics. In the professional retirement planning world, there are two ways to figure out what an individual will n...

Dear Dave, I’m trying to help my elderly mom with her finances. She has no debt and more than $1 million in assets. There was also another $500,000 trust left for her by my dad. With access to all this, does she still need long-term health insurance?...

The Bermuda Foundation for Insurance Studies has held its final event of the summer for its scholarship programme. The 26 BFIS students were treated to lunch by the mentoring and alumni committee before they head overseas to continue their academic s...

A segment of Bermudian-based Aspen Insurance Holdings is to open a new office in Texas. Aspen US Insurance will use the Dallas office as hub for regional customers and brokers, with an initial focus on excess casualty products on a wholesale and reta...

Political unrest could hit the island’s biggest industry, the Association of Bermuda Insurers and Reinsurers warned yesterday. An Abir update on the sector’s massive contribution to the economy said that political risks, the high level of debt and sp...

Reinsurers face being hit by a double whammy of a decline in profits and exposure to high-frequency risks. A report from ratings agency Standard & Poor’s said that the global industry may reassess their exposure if annual loses from catastrophes rise...

Reinsurance capital hit $580 billion at the end of the first quarter of the year — equalling the previous peak supply reached in the same quarter last year. The latest figure was up 3 per cent on the end of 2015. Alternative market capacity, however,...

Former Bermuda Monetary Authority executive Shelby Weldon has joined insurance broker and risk manager Marsh Captive Solutions. Mr Weldon, who was most recently director of licensing and authorisations at the BMA, will lead a team of 14 captive manag...

EY has been recognised as the top CPA firm at the US Captive Awards in Vermont. In winning the award, the judges said they were “impressed with EY’s significant uptick in its captive focus during the past 12 months and the investment it has made in i...

Dear Dave, My husband and I had to rent a car on a recent trip to Florida. When we tried to pay with our debit card, the attendant told us he would have to pull our credit report if we used debit instead of credit. He said all rental car companies op...