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Bermudian-based MS Frontier Reinsurance’s financial strength rating has been affirmed by agency AM Best. MS Frontier retained it’s A (excellent) rating for financial strength and its a- for issuer credit. The outlook for both is stable. The AM Best r...

The Bermuda Government’s bid to set up a limited liability companies framework has been approved by MPs. The Limited Liability Companies Act 2016 received widespread support from both sides of the House of Assembly as the Bill was debated yesterday. ...

The Pension Commission will take over responsibility for the Pension Trust Funds Act 1966 from the Registrar General under proposals tabled in the House of Assembly. The Pension Trust Funds Amendment Act 2016 was debated briefly by MPs in the House o...

Centaur Fund Services has opened an office in Bermuda, after being impressed by the island’s welcoming attitude and professional approach to attracting new business. Centaur is headquartered in Dublin, with offices in London and New York. The fund a...

Butterfield Bank shares fell nearly 3 per cent in Bermuda Stock Exchange trading today. The bank slipped 5 cents, to $1.65 on the trading of 16,460 shares. The only other domestic-board company to trade was insurer BF&M Ltd, which remained unchanged ...

Why is everyone talking about vendor management? Vendor management is an increasingly important topic, attracting the attention of regulatory and governance bodies such as the SEC in the US and FCA in the UK, so why is it that this topic has become m...

A networking session for women in business is to be held at the official residence of the US Consul General. Mary Ellen Koenig, the American representative in Bermuda, has teamed up with the Bermuda Chamber of Commerce to bring Monica Dodi, the co-fo...

RenaissanceRe chief financial officer Jeffrey Kelly is to stand down, the company said yesterday. Mr Kelly, 62, who will retire in September, will hand over the job to Robert Qutub, but will remain an adviser to the firm. Kevin O’Donnell RenRe’s CEO,...

A five-storey former bank retail branch is to be turned into residential accommodation for employees of the Hamilton Princess & Beach Club. The office block, which straddles Par-la-Ville Road and Bermudiana Road, is a former branch and offices of HSB...

Maynes Furniture store may be 60 years old this year — but it’s moving with the times. The firm created a new online presence at the start of the year and Scott Mayne, the second generation in the business started by father Bill, said it was a growin...