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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...

Strategic Risk Solutions, the world’s largest independent insurance company manager, continued its growth trajectory in 2021. SRS said it participated in the Business Insurance survey of captive managers, reporting 427 total captives and 472 cells un...

Industry veteran Simon Johnson has been appointed president and chief executive officer of Seadrill Limited, the offshore drilling company based in Bermuda. Mr Johnson replaces Stuart Jackson in the roles with immediate effect, the company said. Juli...

The cash consideration for the sale of Bermudian-based reinsurer Partner Re Ltd to French mutual insurer Covéa is to increase by $328 million. Sellers Exor, the diversified holding company controlled by the Agnelli family, said in their 2021 annual r...

The Lido Complex on the Elbow Beach Hotel property has reopened after closing for a short period during the winter months. The popular Sea Breeze Lounge & Terrace is now open for lunch, dinner and takeout from Tuesday to Sunday. Starting in May, they...

Called to the Bermuda Bar in November 2021, Ojeda Smith has joined Appleby’s legal trainee programme and begins her first seat with the firm’s insurance department. Ms Smith said: “It is an honour to be given the opportunity to train at one of Bermud...