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Investment manager Foord Asset Management has appointed Apex Group Ltd, the global financial services provider based in Bermuda, to support its expansion into the Australian market. Apex will provide fund administration, transfer agency and custody s...

Ashley Pacheco and Michae Skinner have been announced as recipients of annual scholarships awarded by PwC Bermuda, the accounting and professional services firm. Ms Pacheco, who attends Dalhousie University, is winner of the Peter Mitchell Scholarshi...

Rise Marketing is launching a monthly marketing membership for small to medium-sized businesses. The organisation said that members will have access to revenue-generating marketing tips, lessons and guidance every month. Rise said that running a busi...

Bermuda-based Somers Limited is set to go private after its board received a recommendation that the offer for the shares of the company represented fair value at approximately $21 a share. The valuation, which is a 10.5 per cent premium on the last...

One of the world’s largest listed dry bulk shipowners has begun a major modernisation of its fleet. Making the announcement from its Hamilton office, the Nasdaq-listed Golden Ocean Group Limited said that it has agreed to the construction of three hi...

Bermudian-based Ascot Group, the global specialty re/insurer, has launched a new US Marine Insurance structure under the leadership of Tom Nasso, its executive vice-president. The company said that the new insurance division will combine Ascot’s US O...

Valaris Limited, the Bermudian-based offshore drilling services company, has announced new contracts and contract extensions with associated contract backlog of $466 million. Contract backlog excludes lump-sum payments such as mobilisation fees and c...

Axa XL Reinsurance has appointed Peter Kiernan as head of US property, Bermuda reinsurance. Mr Kiernan, who will be based on the island, replaces Simon Penney, who has relocated to London to take up a new global role as head of underwriting analytics...

Paul O’Shea, president of Enstar Group Limited, is to retire next March after 28 years serving the company and its predecessor, Castlewood Limited. The Bermudian-based insurer said Mr O’Shea will remain as a member of the board of directors of Enstar...

The RG/BSX Index closed unchanged at 2,232.30 as no shares changed hands. On the New York Stock Exchange, shares of Bank of N.T. Butterfield closed at $32.12, up $1.18, or 3.81 per cent.