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You can likely thank (or blame) your parents for some aspects of how you turned out. Maybe you have your mother’s eyes or your dad’s habit of chewing with your mouth open. How you manage money is another thing you likely picked up from your parents —...

American International Group has sold a majority stake in its Bermudian legacy reinsurer Fortitude Re. The deal involves private-equity group Carlyle Group and Japanese insurer T&D Holdings partnering to pay $1.8 billion for a 76.6 per cent stake in ...

Financial-services regulator the Bermuda Monetary Authority has partnered with the charity Tomorrow’s Voices to help raise funds in support of programmes and services offered to young people on the autism spectrum. BMA staff wore their wacky socks t...

A milestone moment has been reached in Bermuda’s ambitions to be a leader in the insurtech sector. An independent electronic marketplace for the transfer and trading of insurance risk has become the first company to be licensed to operate in the isla...

Rose Hendrickson Warren knows the agony of trying to find plus-sized clothing in Bermuda. She’s been wearing larger sizes for most of her life. Digging around for clothes in Bermuda, she found they were always either too pricey, not plus-sized at a...

KPMG Bermuda and one of its managing directors have been fined and censured by the Public Company Accounting Oversight Board, the firm’s regulator for the audits of American public companies. KPMG has been fined $250,000 while Damion J Henderson, who...

The battle between Bermudian-based Argo Group International Holdings Ltd and activist shareholder Voce Capital Management is heating up. The San Francisco-based hedge fund owns about 5.6 per cent of Argo, and earlier this month attacked what it calle...

One of Ascendant Group’s largest shareholders is urging the company to relist its shares in Canada or the US, if it does not receive an adequate buyout offer. Toronto-based IBV Capital has been accumulating shares in Ascendant, the parent company of ...

An activist shareholder of Argo Group International Holdings has put forward five candidates to join the re/insurer’s board to address what it describes as a “complete corporate governance shipwreck”. Voce Capital Management owns about 5.6 per cent o...

Beacon Fund Services (Bermuda) and two of its associated companies are being acquired by Apex Group. The move will add about $10 billion in assets under administration to the portfolio of Apex. The acquisition was jointly announced by Apex and San Fr...