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The new boss of Tokio Millenium Re yesterday said the firm was committed to Bermuda. And Stephan Ruoff, who took over as CEO at the start of the month, said that the Island would continue to play a key part in the firm’s plans. Mr Ruoff said: “Defini...

Bermuda Bar Council president Justin Williams is to step down after two years in the role. Mr Williams said the last two years had seen “significant advances”, including the introduction of conditional fees, which means failure to win a case means no...

Reinsurance firm Markel has appointed co-heads of their global operation in Bermuda. Andrew Barnard and Peta White, both managing directors, will jointly run global reinsurance in the Bermuda office. Mr Barnard leads the international property and re...

A tour operator opportunity for the world heritage site of St George’s and nearby forts is up for grabs. The Bermuda Economic Development Corporation (BEDC) is looking for proposals from potential guides to provide transport for 90-minute tours to Ga...

A Bermuda hairdressing salon has notched up a quarter of a century. And co-owner Tony Muldoon said the secret of success was to stay sharp as scissors on the business side. Mr Muldoon, who runs the Reid Street salon with wife Pippa, said: “I put it d...

Bermuda-based Bacardi has been named one of the most reputable companies in the world by prestige business magazine Forbes. The firm, founded in Cuba, but based in Bermuda since the 1960s, was placed 90 out of 100 in the RepTrak listings — a three pl...

Hiking taxes will not deal with Bermuda’s massive deficit, a top economist has warned. And Peter Everson, who runs PE Consultants, said there was no “silver bullet” to deal with the Island’s debt of around $2 billion. “Many people were looking for a ...

A top British tax campaigner yesterday predicted that Jersey could go bankrupt. The stark warning from Richard Murphy of Tax Research UK came after the States of Jersey predicted a shortfall in government income of more than $188 million (£125 millio...

A Bermuda reinsurance company has offered a berth to the America’s Cup. RenaissanceRe stepped in to provide office space for the America’s Cup Event Authority (ACEA) at its HQ on the outskirts of Hamilton. The ACEA, which has been operating from Rena...

The chairman of Aspen Insurance, Rupert Villiers, is to step down, the company has said. Mr Villiers, who is also president of Aspen International Insurance, will leave the company at the end of October. He will be replaced as president of internatio...