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Five Bermuda students and residents returned to Bermuda from Canada in a private plane a few hours before the island began its shelter in place restrictions. They did so thanks to a collaboration between two of the island’s major international busin...

A body representing Bermuda’s leading international re/insurers has held its first virtual board meeting last month and has signalled that the market remains open for global business during the coronavirus crisis. Members of the Association of Bermu...

All of Bermuda’s banks have decided to waive ATM fees for Bermuda dollar cash withdrawals for the period of “shelter in place” conditions. This means that customers of one bank will be able to withdraw cash from the ATM of other banks without financ...

Axis Insurance, a division of Bermudian-based Axis Capital Holdings Ltd, announced that Michael Carr has been named the head of US excess and surplus property. In this role, Mr Carr will be responsible for developing and executing Axis Insurance’s E...

Bermudian-based Arch Capital Group Ltd is getting rid of single-use plastic bottles from it offices around the world as it steps up its environmental stewardship. The goal is one of many featured in the re/insurer’s first sustainability report. Intro...

Moneywise is not featuring our 2020 hypothetical portfolio this month, as market values are significantly down from the beginning of the year. There were concerns from numerous well-established influential financial luminaries, highlighted on Bloomb...

Dear Dave, My husband and I just completed Baby Step 3, and we have six months of expenses saved for an emergency fund. How should we determine when something is actually an emergency? Riley Dear Riley, Congratulations on doing the work, being discip...

International law firm Appleby is providing clients with guidance about how offshore governments in the jurisdictions in which they operate are responding to the Covid-19 pandemic. The second issue of the firm’s new Offshore Business Update was launc...

Operating performances within the Aspen group of companies have been below the expectations of AM Best “due to the impact of catastrophe losses and weaker-than-expected results for certain lines of business, and demonstrated by a five-year weighted a...

Financial services company LOM Financial Ltd has purchased 34,900 of its shares for cancellation, it announced in a filing with the Bermuda Stock Exchange. LOM purchased the shares at an average price of $2.75 on Tuesday. The company has 5,420,628 sh...

The local office of international law firm Conyers provided Bermuda law advice to aircraft lessor Aircastle Ltd in connection with its $7.4 billion merger with a newly formed entity controlled by affiliates of Marubeni Corporation and Mizuho Leasing ...

Sompo International Holdings Ltd has appointed Michael Carroll senior vice-president and deputy head of life sciences for Sompo Global Risk Solutions. The Bermudian-based specialty provider of property and casualty insurance and reinsurance said that...