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The Bermuda Government pulled in $8.4 million more in revenue in the first quarter of this financial year than the same period last year. The first quarter figures released today showed that income totalled $223.2 million — a 3.9 per cent increase on...

Two Bermuda-registered companies have been named in a complaint document filed by US regulators surrounding an alleged $100 million fraud. The Securities and Exchange Commission (SEC) claims that traders mostly based in the Ukraine used a string of c...

Investment management firm Catco has signed up two new specialist underwriters. It has hired Simon Moore and Lindsay Watson to strengthen its underwriting team. CEO Tony Belisle said: “As Catco continues to grow and provide new, innovative products f...

A high-flyer aircraft engineer has launched a website for expatriate Bermudians to keep in touch. Emily Dunne, a scholarship-winning engineering graduate of the prestigious Massachusetts Institute of Technology, who now works for Boeing, set up the n...

A Bermuda-based management services firm is taking on the world — with plans to expand into the Cayman Islands. Management Solutions, which opened three years ago and already has an office in the UK, now employs 25 people around the world. Founder Do...

The Italian company that won a bidding war for Bermuda’s PartnerRe reinsurance firm has bought up a $448 million stake in a prestigious British business magazine. Exor, controlled by the billionaire Agnelli family, has become the largest shareholder ...

The Fairmont Hamilton Princess has signed up a new pastry chef. Frenchman Kevin Pannier specialises in combining science with the culinary arts to create unique dishes and he will be responsible for overseeing the dessert menu at 1609, the Crown & An...

Bermuda is on track to qualify under new EU rules governing third country rights for Island-based alternative fund managers. The Island is due to amend the Investment Business Act to make it eligible for a Euro “passport” under the European alternati...

Former HSBC chief financial officer Michael Schrum has jumped ship to Butterfield Bank. Mr Schrum will become group chief financial officer at Butterfield at the end of next month. Butterfield chairman and CEO Brendan McDonagh said: “I am pleased to ...

Stormy weather helped push down second-quarter profits for reinsurance firm RenaissanceRe, the firm reported yesterday. Profits for the period fell $55.6 million year on year from $120.8 million to $73.2 million. Operating income for the firm totalle...