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The Bermuda and Cayman Islands offices of international law firm Walkers have been awarded Tier 1 rankings for their regulatory and risk advisory practices in the Legal 500 Caribbean guide 2022. Walkers said it is the only offshore law firm to be awa...

Ariel Re, the Bermudian-based reinsurer, has appointed Apryle Oswald to the newly created role of chief analytics officer. Ms Oswald, whose appointment is effective on Monday, will be based in Ariel Re’s Bermuda office. The reinsurer also has offices...

Credit Suisse Life (Bermuda) was described as having “no role of substance”. That description came during the closing arguments of a case that has pitted a post-Soviet era oligarch and former Prime Minister of Georgia against the banking giant’s Ber...

The gross domestic product has bounced back with substantial economic growth, and the Cabinet Office has reported that the GDP in constant prices increased 13.6 per cent in the second quarter of 2021. There were increases in several sectors as the gr...

In a year in which financial services investment holding company Somers Limited sold the Bermuda Commercial Bank, it has reported record net income and disclosed that most of the proceeds of the bank sale are in a loan to the buyer. Somers had report...

The RG/BSX Index fell 107.28 points (4.05 per cent) to close at 2,541.07 in light trading. The Bank of Butterfield fell $2.00 to close at $36 after the sale of 355 shares. On the New York Stock Exchange, Butterfield rose 48 cents to close at $36.60.

Veteran trusts and private wealth lawyer Stephanie Bernard has joined Carey Olsen Bermuda Limited as counsel. The firm said that Ms Bernard has extensive and in-depth experience advising individuals, fiduciaries and companies on all aspects of Bermud...

West Hamilton Holdings Limited posted a net profit of $6.86 million in the fiscal year ended September 30, the highest reported profit for the company since inception. The Bermudian-based company said that compares with a loss of $400,000 at year-end...

Bermudian-based SiriusPoint Ltd, the global specialty re/insurer, has struck a strategic partnership with LuckyTruck Corp, the digital broker and aggregator specialising in commercial trucking insurance. The parties said the partnership will see Siri...

Bermudian-headquartered Hamilton Insurance Group Ltd has appointed Diane Wisner as head of excess casualty insurance and Pam Gosslin as head of medical professionals liability in its US excess and surplus lines business. Reporting to Clay Rhoades, pr...