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Clarien Bank Ltd has appointed Wanda Mwaura, an experienced financial services professional, to its board of directors, effective immediately. Ian Truran, Clarien’s chief executive officer, said: “We are delighted to welcome Wanda, a highly respecte...

A co-founder of Validus Re has joined the advisory board of insurtech firm Insurdata. Stuart Mercer was chief risk officer when Validus Re was established among a wave of new reinsurers on the island that became known as the “Class of 2005”. Insurdat...

Bermuda is ready for a big move towards electric vehicles, says the co-owner of new distributor who aims to feed that growing demand. Andre Labonte and his wife Lynn have launched Evolution Motors, sourcing cars from China made by Levdeo, the world’s...

Bermuda reinsurers Third Point Re and Sirius Group have agreed to merge in a deal that will form a $3.3 billion combined company. Siddhartha Sankaran, the former chief financial officer of American International Group who was recently named non-execu...

One Communications Ltd was the lone stock to trade on the Bermuda Stock Exchange. The telecommunications group closed unchanged on $3.90 as 50 shares changed hands. The Royal Gazette/BSX Index was unchanged on 1,833.85. For the week, the index slid 2...

Somers Ltd has terminated the agreement to sell Bermuda Commercial Bank to Permanent Capital Holdings Ltd after it received better offers. The financial-services holding company said in a filing with the Bermuda Stock Exchange yesterday: “Somers conf...

A decommissioned subsea cable that once carried internet traffic to Bermuda, and was lying up to three miles below the surface of the ocean, has been recovered and will be recycled. It took three weeks for the remaining submerged section of the Bermu...

When Kristen Carreiro opened clothing store Modblu Boutique on Reid Street, four years ago, there were few rental options in the City of Hamilton. By January it was clear that times had changed. With so many stores closing, many more spaces became av...

Fidelis has raised more than $1 billion of new capital this year ­— and all of it has already been put to work. The privately held Bermudian reinsurer and specialty insurer doubled its capacity to $2 billion this year, through the raising of $800 mil...

Technology provider Fireminds, founded and headquartered in Bermuda, has successfully renewed its SOC2 accreditation. SOC2 is an auditing procedure that ensures service providers securely manage their client’s privacy and organisational data. Only on...