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Dear Dave — Some friends recently offered me a timeshare. It’s an older place on the beach, and they’ve had it for about 20 years. I’d have to pay a transfer fee of $100, plus a yearly association fee of $500. I know you’re not a big fan of timeshare...

Bermuda is a proud nation, justifiably so — with our long, long spectacular tradition of seafaring commerce. 400 years ago, when the settlers in Jamestown were still in sheer survival mode, our ancestors established an extraordinary reputation as the...

The impact of a hurricane far more devastating than the 2012 superstorm Sandy is the subject of a report by reinsurer Swiss Re. In the year 1821 on September 3, an estimated category three or four hurricane made landfall in North Carolina and careere...

The Island’s tug fleet is back up to full strength. The Powerful has been out of action for several months despite undergoing a major refit in the US last year. But the tug was back on the water this week. For most of the summer the tugs Faithful and...

Reinsurance guru Brian Duperreault signalled a growth spurt for his new Hamilton Group. Mr Duperreault said the firm — set up late last year — could launch a takeover bid to grow the business. Speaking at the Reinsurance Rendezvous in Monte Carlo, he...

Cash-rich businesses like internet giants Google could use their financial clout to muscle in to the reinsurance market, an expert said yesterday. And Dennis Sugrue, director of ratings agency Standard & Poors (S&P), warned the industry that it would...

With pricing weakness in most lines of reinsurance and a glut of capital, reinsurers should not be drawn into a passive mode, waiting for a major event to shake up the market. That is the view of Alex Moczarski, chief executive officer of global rein...