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It’s official: Bermuda has Solvency II third-country equivalency, as of today. That means the European Union considers the standard of the island’s insurance regulation to be equivalent to its own. In November last year, the European Commission recom...

Artex Risk Solutions has acquired the insurance management operations of Kane. The move means Artex’s operations in Bermuda and Cayman will combine into Kane’s. David McManus, president and CEO of Artex, said: “Kane is rightly recognised in the indus...

The Bermuda Retirement Primer — part 2A: managing for a comfortable retirement The number one documented concern for retirees the world over is outliving retirement savings. The reason: the income from jobs they have relied upon all of their working...

Dear Dave, I’ve always wanted to work from home. How can I separate the scams online and on television from the real jobs where I can make money? — Randy Dear Randy, The vast majority of things you see in late-night infomercials and online — except ...

The five-day protest has affected the arrival of goods into Bermuda by sea and forced one shipping line to charter another container vessel to ensure supplies from the east coast of the United States reach the island. Port workers temporarily returne...

Conyers Dill & Pearman announced it had achieved top-tier rankings in Chambers Global 2016 directory. Narinder Hargun, director and co-chairman of the firm’s Bermuda office, commented: “We are delighted to once again receive such commendable ranking...

A bust of insurance industry veteran Robert Clements has been unveiled in the grounds of a company he helped to found. The likeness of Mr Clements, by Bermudian sculptor Desmond Fountain, has been placed on a walkway bearing his name connecting the f...

More than 20 containers full of “essential supplies” were unloaded and delivered to their destinations yesterday as port workers temporarily returned to work. Bermuda Industrial Union president, Chris Furbert, told protesters who gathered at the Hous...

A new $200 million catastrophe bond has been admitted to the Bermuda Stock Exchange listings. The Akibare Re bond is sponsored by Mitsui Sumitomo Insurance Co and is the third in a series. All three were set up to provide Japanese typhoon reinsurance...

Insurance veteran Brian Duperreault yesterday told a major conference in Arizona that his Hamilton Insurance Group would not cover cyberattacks. Mr Duperreault said: “At Hamilton, we’re taking a cautious position on cyber. “We’re not writing it as a ...

Concern that warming global temperatures will create more powerful tropical storms and hurricanes, and potentially costlier catastrophes for insurers, appears to have been borne out during the past six months, with both the northern and southern hemi...

International General Insurance Holdings Limited reported net earnings of $35 million for 2015, an increase of 2 per cent from the $34.3 million from 2014. The group, which is registered in the Dubai International Financial Centre, has its primary un...