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Bermuda has a sterling reputation as a leading offshore jurisdiction in which to develop trust and wealth structures for both local and overseas persons. Bermuda trusts can achieve a wide variety of personal, estate, financial and tax planning object...

XL Group plc announced this evening an approximate $135 million preliminary net loss estimate in the second quarter of 2013, relating to natural catastrophes, according to a press release from the re/insurer. XL Group plc, which is a global insurance...

Bermuda’s Enstar Group, which assumes risks from insurers seeking to exit businesses, agreed to buy Torus Insurance Holdings Ltd for $692 million to expand into direct sales of coverage. Enstar will pay $415 million and Stone Point Capital LLC, led ...

The Bermuda Foundation for Insurance Studies (BFIS) is co-hosting a data breach and cybercrime presentation along with Drinker Biddle & Reath LLP. In a press release announcing the event, BFIS said: “Data breaches and cybercrimes ... continue to gro...

Bermuda’s Enstar Group, which assumes risks from insurers seeking to exit businesses, agreed to buy Torus Insurance Holdings Ltd. for $692 million to expand into direct sales of coverage. Enstar will pay $415 million and Stone Point Capital LLC, le...

Tokio Millennium Re Ltd. (TMR) held its ‘Eighth Summit on Global Warming and Climate Change — Implications for the Insurance Industry’ in Atlanta at the end of June. Tatsuhiko Hoshina, its President and chief executive officer said: “TMR recognises t...

Dear Dave, My mom died a few years ago, and she left me an inheritance of $60,000 in stock. She was always investing and saving money. I could sell this and be debt-free while still having plenty left over, but I feel like I’ll lose a part of her if ...

The Bermuda Post Office (BPO) is launching a public awareness campaign to highlight its new and existing services. The BPO conducted surveys for the campaign, and is using its findings to showcase products and services such as: Express Mail, R-Post, ...

Tokio Millennium Re Ltd. (TMR) held its ‘Eighth Summit on Global Warming and Climate Change — Implications for the Insurance Industry’ in Atlanta at the end of June. Tatsuhiko Hoshina, its President and chief executive officer said: “TMR recognises t...

Owners of ships on the Bermuda register will not be “targeted” for inspection by the US Coast Guard’s Port State Control Authorities in the future. It comes as a result of acceptance of the Island’s Department of Maritime Administration (DMA) into th...