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Local shipping companies are feeling the benefit of plunging global oil prices, and the savings are being passed along to customers as the cost of bringing goods and materials to the Island falls. Oil prices have dropped around 50 per cent since last...

More than 60 students and insurance specialists attended a festive season speed networking lunch held by the Bermuda Foundation for Insurance Studies (BFIS). The lunch featured a team of volunteer insurance professionals and “speed interviews” betwee...

A broken-down crane contributed to a six-month loss for Polaris holding company for Stevedoring Services — despite a small increase in cargo volume. The firm posted a loss of $281,968 for the period between March and the end of September last year, e...

The Perot Post Office on Queen Street in Hamilton will close for interior repairs on Monday, and is scheduled to reopen on February 6, the Bermuda Post Office (BPO) has advised. Customers who use the historic facility can use the General Post Office...

Hamilton Insurance Group has appointed Wendy Davis Johnson as chief communications officer. The former global communications senior vice president at Ace has 25 years of experience in marketing communications and brand development. Ms Davis Johnson w...

A $75 million special purpose reinsurer has been launched to back a major UK-based firm. Bermuda-based Versutus will reinsure a share of global British company Brit Insurance’s property catastrophe excess of loss portfolio. It is capitalised by a num...

A major shake-up of the global reinsurance industry will get underway this year, industry experts have predicted. Falling rates, improved terms and conditions, oversupply of capital continuing to outstrip demand and several years of little loss activ...

A massive $8.8 billion in catastrophe bonds and insurance linked securities (ILS) made last year the market’s busiest on record. And — at the end of the year — the outstanding sum in the sector was more than $25 billion. The news came in the review o...

A new year for investors and global capital markets. A new year for the economy of Bermuda. A new year for your personal finances. What will it bring, how will it shake out, how will it affect you personally? America, our neighbour (and 400-year old...

Dear Dave, My husband and I are debt-free except for our home, and we have about $100,000 in savings. Recently, one of our daughters was diagnosed with Crohn’s disease. We’re worried about this, and the fact that she and her sister are both teenage ...

Prices for some reinsurance policies have plummeted to their lowest for nearly 25 years, according to a global brokers. Areas like UK property catastrophe reinsurance are priced around the same as they were in the 1990s. And a third straight year of ...