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Fee increases ranging from single-digit percentage changes, all the way up to a 133 per cent hike in one area, have been made by the Bermuda Monetary Authority. The fee schedule for 2020 for regulated entities came into effect at the start of the yea...

John McSweeney and Larissa Roche have joined Appleby Bermuda’s dispute resolution and corporate department. Prior to becoming an associate in Appleby’s dispute resolution department, Mr McSweeney was a litigation associate at Cox Hallett and Wilki...

MP Chefs catering clients really, really love Mexican food. They come running whenever owners Chelsea Mayho and Tyrone Pedro make taco salad for lunch. “They just flock to us,” Mr Pedro said. He and Ms Mayho are fine with that because Mexican is one...

An implementation team to further progress of recommendations made by BermudaFirst should be led by private-sector expertise, says Phil Butterfield. The chairman of BermudaFirst, a think-tank involving about 90 Bermudians which submitted a socio-econ...

Bermuda’s retail community is working hard to end a sales slump that has seen year-over-year declines in 19 or the last 21 months. News about “positive steps” will be shared soon, said Lorraine Shailer, who heads the retail division of the Bermuda Ch...

American International Group Inc has entered into an accelerated share repurchase agreement with Citibank, N.A. to repurchase $500 million of AIG’s common stock. It is part of AIG’s existing share repurchase authorisation of $2 billion announced a y...

Finance ministers of the world’s richest countries want to strike an agreement on a global minimum tax rate by the end of the year. The main aim is to ensure that digital giants like Amazon, Facebook and Google pay taxes in the countries where they m...

Industry veteran Christopher Conway has joined the Bermuda office of TigerRisk Partners LLC. He takes up a newly-created senior role on its reinsurance and retrocession teams, where he will report to Alex Bridges, partner and head of retrocession. Mr...

Insurance industry veteran Michael Butt is to retire from his role as chairman of Axis Capital Holdings Ltd later this year. A co-founder of Axis and member of the Insurance Hall of Fame, Mr Butt has played a leading role in Bermuda’s development as ...

The PRA approval was received on Monday and the FCA approval on Tuesday. These approvals are the last remaining insurance regulatory approvals necessary to successfully complete the transaction with Tiberius. IGI has already received regulatory appro...