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Asset managers globally are expected to increase their ESG-related assets under management to $33.9 trillion by 2026, up 84 per cent from $18.4 trillion in 2021, a new report by professional services firm PwC reveals. ESG assets are on pace to consti...

No country in the G20 is decarbonising quickly enough to maintain a safe climate, according to new analysis by professional services firm PwC. This year’s Net Zero Economy Index shows progress on decarbonisation is falling alarmingly short of what is...

The golden arches have returned to Bermuda – but this time as an insurance entity rather than a place to buy a happy meal. Fast food giant McDonald’s has moved its global insurance operation to the island, reports The Irish Independent newspaper. Gol...

The Association of Bermuda International Companies has appointed Wayne Smith to be the organisation’s next executive director. Mr Smith, whose career has spanned the public and private sectors, will join Abic in October. During a three-month transiti...

Arbitrade co-founder Troy Hogg has filed a complaint in the Supreme Court of the State of New York against 13 defendants seeking damages in the tens of millions of dollars. Joining Ontario resident Mr Hogg as plaintiffs in the wide-ranging action are...

Kroll, the international management consulting firm, is recruiting staff for a new office in Bermuda. Registered in March, an application was made in May to the Minister of Finance for a licence to operate in Bermuda. Kroll Bermuda Ltd is seeking a d...

Bermudian tech entrepreneur Tom Allason and the team at Residently have revolutionised the British rental property market with an app that eliminates the stress and pain from the renting process. Launched in 2017, a network of 8,000 rental units in B...

BlockFi, the global crypto financial services company, is recruiting staff for an office in Bermuda. The company, which also has operations in New Jersey, is advertising for a head of Bermuda AML, and head of risk, to take up posts on the island. The...

Genstar Capital, the California-based private equity firm, had a request of Peter Hughes after it took a stake in the Bermudian-based Apex Group Ltd in 2017. “Genstar Capital came in and asked me to build the strongest offering there is in asset serv...

Bermuda has been ranked second in the world for its regulation of the digital-asset sector. The first-of-its kind Global Crypto Regulation Index has been launched by Solidus Labs, which bills itself as the crypto-native risk-monitoring and market int...