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Reinsurance industry capital fell 6 per cent in the first quarter of the year, according to a report by risk adviser and broker Aon. Total global capital available to both traditional reinsurers and alternative capital was $590 billion, down from $62...

Rumours that Wayne Caines has been hired by Ascendant Group have been firmly denied by the company. Ascendant responded to a question from The Royal Gazette yesterday about claims circulating on social media that the former Minister of National Secur...

Firefighters today responded to an alarm at the Belco power plant. Fire crews reported finding smoke in a switching room at the plant on Pembroke’s Serpentine Road, but no fire. It was discovered that a faulty pull station had activated and extinguis...

Arch Capital Group Ltd has estimated catastrophe losses of up to $225 million for the second quarter — most of them related to Covid-19. The Bermudian-based company said the estimated loss range of $205 million to $225 million relates to its property...

An alternative capital reinsurance transaction has been completed between Axa XL Reinsurance in Bermuda, and Bluefire Insurance, a Texas-based managing general agency. As a result, Bluefire will assume risk from its personal auto portfolio through a ...

British Airways will increase the frequency of its flights between Bermuda and London to three days per week from August 12. The airline plans to return to a seven-day service in September and October. Twice-weekly flights to the island begin on July...

Digicel has appointed the new chief executive of its operations in the Caribbean and Central America region after Jean-Yves Charlier announced he was stepping down from the role of Digicel Group CEO for family reasons. The new man at the helm is Oliv...

Aditya Dutt, the head of RenaissanceRe Holdings Ltd’s Ventures business, is to leave the company to pursue a new opportunity, the Bermudian re/insurer announced today. Kevin O’Donnell, RenRe’s chief executive officer, will assume responsibility for t...

Disparities in health options between the rich and poor could be widened by a merger involving a major insurer and two medical practices, the health watchdog’s chief executive warned. Ricky Brathwaite, head of the Bermuda Health Council, said Argus G...

Dear Sir, I read with interest the July 1, 2020 article in The Royal Gazette that Argus Insurance has purchased two medical practices, Island Health Services and the Family Practice Group. These are — I should say were — two of the larger GP offic...

Health insurer Argus has acquired two medical practices in the first deal of its kind in Bermuda, the company announced last night. Island Health Services and the Family Practice Group and their approximately 15 doctors will become part of Argus Grou...

Digicel will cease all paid advertising on Facebook globally this month, as it takes a stand against online hate speech. The parent company of Digicel Bermuda, said the move was “in solidarity with a number of leading global brands who have moved to ...