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A year after Ascendant Group’s shareholders approved the company’s takeover by Canadian firm Algonquin Power and Utilities Corp, the proposed transaction is still being assessed by the electricity sector regulator. Only after the Regulatory Authority...

Bermuda is preparing to sell at least $500 million in new notes next week, the Latin Finance website reported. The manoeuvre is aimed at refinancing government debt in an effort to lock in a favourable interest rate, while also meeting additional bor...

A conference focused on offshore financial centres is planning an extra session on the hacking of law firm Appleby and its consequences. Meanwhile fallout from the breach surfaced in the Isle of Man, a UK Crown dependency, where journalists have been...

Bermudians have learnt lessons from severe hurricanes in the recent past — and their thorough preparation is one of the reasons why damage from Hurricane Nicole appears to be relatively light. That is the view of John Wight, chief executive officer o...

Coral Wells has been named the most inspiring woman in Bermuda’s information communication technology sector. The managing director of W&W Solutions Ltd won the title in a competition organised by the Department of E-Commerce as part of a drive to re...

A new advisory body set up to help Bermuda safeguard its economy from systemic risks met for the first time yesterday. The Financial Policy Council (FPC) will aim to monitor areas of potential financial systemic risk, recommend moves to strengthen re...

Bermuda-based Axis Capital Holdings Ltd plans to cut 100 jobs from its global workforce — including a small number in Bermuda. The streamlining announced this morning by the insurer and reinsurer includes the closure of its Australian retail insuranc...

BF&M Ltd has acquired Bermuda-based insurance agency Kitson Insurance Services Ltd. Kitson has been in business since 1947 and BF&M has said it will keep on two of the agency’s leading staff on a full-time basis. The terms of the deal were not disclo...

Trunomi, a Bermuda-based financial technology innovator, has enjoyed quite a week. Not only did it raise $3 million from venture capital firms, but it also took top honours in the Visa Europe Collab Startup Competition in Tel Aviv, Israel. The compan...

Keep calm and stick to your investment plan. That was the advice from two leading Bermuda investment professionals yesterday, as more wild swings on Wall Street ended in a sixth successive down day. Robert Pires, chief executive officer of BIAS, and ...