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The number of mergers and takeovers in Bermuda jumped by nearly half in the second quarter of this year. The 50 per cent spike in the second quarter compared to the first part of the year represented 127 deals. A report by legal firm Appleby in its O...

A Bermuda trust company has won a top international award. Meritus Trust was awarded the independent trust company of the year accolade by the Society of Trust and Estate Practitioners (Step) in London. Meritus managing director Michelle Wolfe said w...

Global speciality insurer Torus is to change its name to StarStone. The holding company for the firm and its six insurance platforms spread across London, Europe and the US, as well as other group companies will also adopt the new brand and logo. The...

Rum company Gosling’s yesterday raised a glass after its iconic Dark ‘n’ Stormy cocktail came 11th in a round-up of the top 50 cocktails. Prestigious industry magazine Drinks International polled the top 50 bars in the world from a previous poll to f...

The Kiskadee arm of Bermuda-based Hiscox has launched a new reinsurer. Cardinal Re, which is based in Bermuda, will operate as a special purpose insurer designed to turn collateralised insurance and reinsurance risk into a security aimed at capital m...

A court case in America could open the floodgates for the US Justice Department to demand access to US computer data stored overseas. But internet giant Microsoft is fighting in a Manhattan court to overturn a search warrant demanding Microsoft relea...

A total of 84,925 shares worth $294,995 traded on the Bermuda Stock Exchange (BSX) last week. During the four-day trading week, shortened for the Labour Day holiday, the Bank of Butterfield saw 62,625 shares move, leaving its price two cents (1.1 per...

Bermuda-based ILS Capital is to open a new office in London next month. The company has also appointed Teresa Gallant as the new chief financial officer and Glenn Clinton, who will head up US property catastrophe underwriting. ILS capital founder and...

Insurance group BF&M yesterday posted profits of $11.4 million for the first six months of the year. The figure is more than $6 million down on the same period last year. But BF&M president and CEO John Wight said: “Financial results in the first hal...

The owners of the cargo ship Bermuda Islander yesterday said that their service would be unaffected by next month’s America’s Cup races. The Bermuda Islander is due to arrive in Hamilton on Thursday, October 15 — when the inaugural races take place, ...