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Global executive recruitment firm Elevate Executive Selection is to expand in Bermuda. The company is adding a senior recruiter to its staff next month and envisages increasing its employee count further by the end of 2016. The improving economy in B...

Former bank boss James Gibbons is to become non-executive chairman of RenaissanceRe. He will assume his new role with the reinsurance and insurance company next May. Bermudian Mr Gibbons was president and chief executive officer of Capital G Limited ...

The reinsurance sector is in the throes of transformation and its current position has been likened to being between the digital and analogue worlds. That was the analogy used by industry veteran Brian Duperreault, chief executive of Hamilton Insuran...

The Horseshoe Group has formed a platform for asset manager-backed reinsurers. It is being promoted as “a new chapter in convergence products expanding outside of the property catastrophe markets”. And the first reinsurer has joined the new platform,...

There will be a celebration at My Closet this evening when the women’s clothing and accessories shop holds its grand opening. The business on Par-la-Ville Road will showcase its fall collections and is planning prizes and giveaways, along with discou...

Reinsurance firm Maiden Holdings has reported a profit of $22.5 million, or 30 cents per common share, for the third quarter. That is down from the $27.8 million made during the same period in 2014. However, Art Raschbaum, chief executive officer, sa...

LinkBermuda has stepped up its ability to guard against internet attacks on its network and its clients. And almost immediately after deploying the new measures, the company saw how effective they were when a distributed denial-of-service (DDoS) atta...

The US company that is in the process of acquiring a controlling interest in KeyTech, has posted a third-quarter profit of $6.6 million, or 41 cents per share. Atlantic-Tele Network (ATN) is a trading company that invests in the communications and re...

Thirteen jobs have been cut at telecommunications company KeyTech Ltd. The redundancies are the result of restructuring within the group following a spate of consolidations that have brought CableVision Bermuda and CellOne squarely under the umbrella...

A long-established restaurant business in the west end is on the market. Freeport Garden Restaurant, which is just inside the gates of the Royal Naval Dockyard, is for sale at $250,000. The price includes all the equipment and a long lease. The resta...