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Bermudian-based offshore law firm Appleby has won the highest ranking in a prestigious legal directory. The company is one of only two firms to rate a Band 1 in the latest edition of the Global Chambers Guide. Michael O’Connell, Appleby Group managin...

An island tourist booking service is on the move to a new and bigger booth in Dockyard. Island Tour Centre’s booth near the ferry terminal at the former Royal Navy base has been a familiar site for around five years. But the company, headquartered at...

Investment firm LOM’s new emerging-markets fund is off to a strong start. The fund, which started in January, earlier this month hit a 6.5 per cent investment return. The fund is designed to invest more in emerging market sectors leveraged to an incr...

Technology company Fireminds Ltd has appointed Yevgeniy Gerassimov as its chief technology officer. Mr Gerassimov has 25 years of experience in the IT industry. He will lead Fireminds’ team “delivering solutions on server infrastructure, Storage Area...

Catalina Holdings (Bermuda) Ltd is set to add to its run-off portfolio after agreeing to acquire a British subsidiary of Allianz. The Bermudian firm said its subsidiary, Catalina Holdings UK Ltd, had signed an agreement to acquire AGF Insurance Ltd f...

Two new awards for Bermudians studying accounting have been announced by the Association of Bermuda International Companies and PwC Bermuda. The Abic PwC Award is valued at $15,000 per annum for two years for an undergraduate, or a $20,000 one year a...

The Royal Gazette/BSX closed unchanged at 1,195.64. The sole trading of the day was in insurance firm Argus, where 20,000 shares changed hands, leaving its price unchanged at $4. The BSX Insurance Index ended the day up 6.21 points, or 0.38 per cent,...

Reinsurance firm CATCo has made a near $10.9 million share issue. The company said it had issued more than 10.67 million new C shares at a price of $1.021 “to satisfy continued investor demand and increasing demand for its reinsurance catastrophe pro...

Six years of hard work by the Bermuda Monetary Authority, insurance industry figures and politicians have paid off with the final confirmation that Bermuda has won Solvency II equivalence. The news became official last Thursday after a consultation p...

International legal firm Harneys’ Bermuda office has been recognised in the Chambers Global rankings of law firms. The firm was commended in the Chambers survey, joining other Harneys offices in Caymans, the British Virgin lslands, Hong Kong and Lond...