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Bermudian technology start-up Trunomi has raised $3.5 million from investors to fund its expansion. CloudScale Capital Partners, a venture capital firm based in California’s Silicon Valley, said today that it participated in Trunomi’s latest round of...

Ascendant Group Ltd, the parent company of power utility Belco, has appointed Robert Schaefer as chief financial officer. Mr Schaefer replaces Mark Takahashi, who is retiring. Sean Durfy, Ascendant’s president and chief executive officer, said: “Rob...

White Mountains Insurance Group Ltd and Oaktree Capital Management have invested $250 million in Kudu Investment Management, LLC. Kudu is a capital provider to asset management and wealth management firms. The investment comes from funds managed by O...

Casablanca restaurant has merged with Arabian Deep Fried Chicken on Court Street. Amre Elsayed, owner of Casablanca in Washington Lane, decided to follow his heart in this new venture. Just as he was about to open another Casablanca takeaway café on ...

If you have a bad back, you need a firm bed. This is just one of the myths Ben Wilson hopes to dispel with Dreams, a new mattress showroom in the Washington Mall. The furniture retailer opens the doors to his “sleep gallery” today. The first of its ...

A new law firm called Carey Olsen Bermuda has opened for business. It has been established by managing partner and Bermudian attorney Michael Hanson in association with offshore firm Carey Olsen. Mr Hanson has a well-established practice centred on B...

Chubb Limited has appointed Michael Smith as chief claims officer. Mr Smith has more than 30 years’ experience in insurance and law, and previously worked for American International Group from 2000 to 2017. Before that he had executive management rol...

Everest Re Group Ltd beat expectations with a fourth quarter profit of $571.0 million, or $13.85 per share. The net income for the final three months of 2017 was up on the $373.6 million, or $9.08 per share, for the same period a year ago. After-tax ...

Bermudian-based Enstar Group has struck a deal to take full ownership of reinsurer KaylaRe. Enstar already owns a 48 per cent stake in the Bermudian reinsurer, which was set up with $620 million of capital backing in late 2016. Under the $400 million...

Barbican Insurance Group has launched a new underwriting unit in Bermuda. The company will focus on the US property market and will write exclusively on behalf of Barbican Syndicate 1955. Barbican Bermuda will underwrite a direct and facultative po...