Log In

KPMG in Bermuda has sold its restructuring practice to Teneo, the New York-headquartered global CEO advisory firm. As part of the transaction, Mike Morrison and Charles Thresh will be leaving the firm to join Teneo, along with the restructuring team,...

BF&M Limited is reporting net income of $25.2 million for the 2021 financial year to December 31, an improvement on 2020 earnings of $20.5 million. The company said the results equated to an annualised return on equity of 8.3 per cent compared with 7...

Bermudian-based Oil Insurance Limited has reported a net profit of $667.5 million for 2021, which included a $266 million underwriting profit. That compares with a net profit of $466.5 million in 2020. The Oil board has approved the payment of a $350...

Pearline McIntosh has been appointed to the position of SVP, head of private banking, at Clarien Bank. She will be responsible for the day-to-day management of the private banking team within Clarien’s wealth management group. Mrs McIntosh has signif...

Twelve Allied World Bermuda employees were recently promoted in recognition of their many contributions to the organisation. “It is great to see each of these individuals recognised for their hard work supporting our Bermuda platform and Allied Worl...

Ann Spencer-Arscott and Katie Bennett have been appointed co-presidents of the Bermuda chapter of the Association of Fundraising Professionals. An AFP Bermuda spokesperson said: “We are delighted to announce these appointments as we continue to navig...

A subsidiary of Bermudian-based holding company Assured Guaranty Ltd has issued a £170-million, five-year debt service reserve guarantee to benefit Yorkshire Water Services Limited, a member of the Yorkshire Water group. The DSR guarantee provided by...

Mike Morrison and Charles Thresh have joined Teneo following the global CEO advisory firm’s acquisition of KPMG's restructuring business in Bermuda. Morrison, who joins as co-chair, international financial centres, is the former CEO of KPMG in Bermud...

The annual rate of inflation declined slightly in December as a drop in fuel prices compared to November pushed down prices in the transport and foreign travel sector. Also falling by marginal amounts were the tobacco and liquor sector of the Consum...

The Governor of Virginia, Glenn Youngkin, has welcomed the siting of a Bermudian insurance group’s new subsidiary in Henrico County. The new offices are for Hamilton Insurance Group’s US headquarters, which the governor said included a $415,000 inve...