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Peter Zaffino, the chief executive officer of Marsh LLC, has joined American International Group. He has been appointed as the company’s new executive vice-president, global chief operating officer, effective from August 1. Marsh LLC is a leading glo...

Utilities group Ascendant jumped $1.44 to $8.95 on The Royal Gazette/BSX Index. The rise, equal to 19.2 per cent, came after 2,000 shares traded. The Bank of Butterfield went up 50 cents, or 1.5 per cent, to $34 after 1,439 shares moved. Insurance fi...

Doing business online has surged among consumers worldwide — including Bermuda. And the insurance sector globally has rocketed from being one of least used fintech services in 2015 to the second most popular this year. Chris Maiato, advisory leader f...

Somers Ltd has announced the surprise sale of its entire investment in Britain’s Ascot Lloyd Holdings. The price of the transaction has not been disclosed, however Somers held a 51 per cent controlling stake in independent financial advisers Ascot Ll...

The island’s telecoms regulator is acting outside the law, a major player in the industry has claimed. Now One Communications has gone to Supreme Court to seek a ruling that the Regulatory Authority of Bermuda has failed to keep up with its responsib...

Decisions. The process of making decisions seems to be directly related to the degree of complexity of the challenge at hand and whether you have any prior experience or knowledge of the situation. So many decisions we make each day are almost autom...

On The Royal Gazette/BSX Index, Bank of Butterfield shares were unchanged at $33.50 after 1,700 shares traded. The Royal Gazette/BSX Index closed unchanged at 2,021.93. The BSX Insurance Index ended the day up 17.70 points, or 0.92 per cent, at 1,932...

A body of young professionals is this week hosting a forum in partnership with the Bermuda Stock Exchange on investing in island companies. The Bermuda Chamber of Commerce’s Emerging Professionals Division’s (Bepro) Local Investment Forum, aimed at f...

A long-established Hamilton bar is up for sale. Casey’s, a fixture on Queen Street for more than 40 years, has been put on the market by owner Gladwyn Phillips. Mr Phillips, who plans to retire after 40 years in the trade, said: “I’m just getting rea...

Cost-cutting measures in the reinsurance industry are being applied more aggressively in response to decreasing prices, according to an international broker and risk adviser. In its 1st View report on the state of the market at a crucial reinsurance ...