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Freisenbruch-Meyer Group (FMG) has come up with a new insurance policy specifically to cover the risks of the growing vacation rentals sector. The rise to prominence of websites such as Airbnb.com has fuelled the rise in the number of people renting ...

Norway-listed chemical shipper Eitzen Chemical has urged its shareholders to accept an exchange offer that will see the company move to Bermuda. Eitzen established Team Tankers International (TTI) as a vehicle enabling its move to the Island. “This i...

Global reinsurance capital has now reached a record $575 billion, which includes more than $60 billion of deployed alternative capital, according to the latest reinsurance market report from Aon Benfield. The reinsurance intermediary and capital advi...

A major insurance firm with a Bermuda operation has been bought out in a $1.88 billion swoop — the latest in a series of mergers set to affect Island businesses. Brit Group — which opened an office on the Island around 18 months ago — has been taken ...

Reinsurance veteran Don Kramer’s latest Bermuda start-up venture has got off to a flying start. In its first full year of operations, ILS Capital Management Ltd generated a 19.7 per cent return for investors in its 1609 Fund. The company invests in i...

Bermuda has positioned itself to attract future clients from Latin America and elsewhere after a 20-member delegation attended the World Captive Forum in Florida. The Island’s strong presence at the four-day event in Boca Raton was noted by many of t...

Dear Dave, I’m retired, and currently I have about five per cent of my retirement savings in gold and silver I’ve been acquiring over the last few years. I’ve seen gold prices decline significantly, and I’m wondering if I should hang on to it as a sa...

Respect. It can be said that an integral component of a couple’s maturing relationship is respect for each other and their shared visions, such as their inspirations for a better life, the dreams of establishing a home in their community, the drive t...

A training programme aimed at helping school pupils on to the career ladder in the insurance and reinsurance industry has taken off. Pupils at the Island’s two senior schools, the Berkeley Institute and CedarBridge Academy, are taking part in the ind...

Many members of the US Congress in catastrophe-prone states oppose President Barack Obama’s plan to raise the US tax burden on foreign reinsurance companies — so it could be years until the issue is resolved. That is the view of Robert DeRose, an ana...