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Nine Bermuda reinsurers hit with a number of high catastrophe-loss scenarios would be able to meet all their obligations, a stress test by financial regulators found. Tests conducted jointly by the Bermuda Monetary Authority and Britain’s Prudential ...

Most of the crew on the Bermuda container ship MV Oleander have reached or gone past the end of their regular three-month contracts, but are unable to travel home or take shore leave because of the coronavirus crisis. Strict precautions to prevent Co...

Technology could put most insurance underwriters out of a job over the next decade, says an industry expert. Peter Cullum, founder of London-based insurance broker Global Risk Partners and an executive with five decades of insurance industry experien...

A new reinsurer is in the process of setting up in Bermuda. Independent specialist legacy acquirer Compre has received regulatory approval in principle from the Bermuda Monetary Authority to establish a Class 3A reinsurer on the island. Compre said ...

The whole Covid-19 crisis has seemed unreal, from beginning to where we are now, for those relatively unaffected by health or job worries. We are all probably functioning on “hope for the best” basis at this point in time. The gradual, monitored sma...

Have you been stressed during budget conversations? Are you anxious at the grocery store checkout when you hear the total? Do you seem to be buying more and more stuff to make yourself feel better about everything? Kids pick up on these things, and ...

British-based insurtech firm Nayms Ecosystems is opening an office in Bermuda. The company believes its smart insurance contracts can be applied to facilitate the underwriting of digital asset risk and to provide a liquid market for insurance-linked ...

Clarien Bank is extending its loan-deferral programme for another three months to assist customers who have been financially impacted due to the Covid-19 pandemic Clients must inform the bank of their intention to opt-in to the payment deferral for ...

Insurers and reinsurers are being urged to end all support for new oil and gas projects to help ensure that international climate targets are met. Bermuda’s major role in the reinsurance sector, together with the island’s vulnerability to stronger hu...

All visitors will need “appropriate health insurance” before they can enter Bermuda after the airport reopens — but that may be difficult to find during the pandemic. Many insurers are excluding coverage for claims related to Covid-19, as it is class...

Climate risk will be the focus of a webinar to be held on June 22, hosted by the Association of Bermuda Insurers and Reinsurers. The event has been staged to mark International Climate Change Day, and will feature Bermuda re/insurance market leaders ...

In honour of Father’s Day, I want to pause, huddle up the dads out there, and give us men a quick pep talk. We have a massive opportunity to impact our children’s lives, for better or worse. I have three incredible boys, and I want to do everything ...