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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...

This is the evolution of money market mutual funds, part two. A little over two years ago, the US Securities and Exchange Commission adopted significant amendments to the rules that govern money market mutual funds under the US Investment Company Ac...

A Bermudian university student has won a scholarship worth up to $150,000 from professional services firm EY. Demi Wright is studying business administration and accounting at York University in Canada. She was chosen for the R. Gil Tucker Bermuda sc...

A new business relationship with Britain in the wake of its vote to leave the EU is “critical”, an island business leader said yesterday. Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers, said the...

Risks to Bermuda’s banking sector have stabilised thanks to a gradually strengthening economy helped by the island’s hosting of the America’s Cup. That is the view of analysts from Standard & Poor’s Rating Services, who believe Bermuda is in the latt...