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Global insurance and reinsurance firm Allied World has appointed two new directors — including a director of the Bermuda Monetary Authority (BMA). Fiona Luck, who has held a series of senior positions in Bermuda, will be joined on the board by Patric...

A total of 11,236 shares worth about $70,689 traded on the Bermuda Stock Exchange today. Utility Ascendant Group closed up 15 cents (3.2 per cent) at $4.85 after 1,362 shares traded. The Bank of Butterfield was unchanged at $2 after 6,874 shares were...

Reinsurance firm Blue Capital is to cut its target return by two percentage points. And the levels for a performance fee paid to the investment manager will also be changed — with the performance trigger reduced by two percentage points to eight per ...

Clarien Bank has forged closer links with a subsidiary offering wealth management services to high net worth clients. Clarien Trust Limited (CTL) provides trustee administrative services for Bermuda-domiciled trusts, including family and estate plann...

A new store offering Bermuda-made and designed goods has just opened its doors. Artist Joanna Stapff took the plunge and opened 1609 Design in time for the Christmas rush. And she said her range of designer cards, jewellery and tote bags were ideal f...

Two Bermuda lawyers yesterday said they had never been nominee directors of a safari firm at the centre of a row over tax avoidance in Botswana. Cox Hallett Wilkinson lawyers Ernest Morrison and David Cooper were reported to be nominee directors of B...

A pop-up store set up by drinks giant Bacardi has raised a massive $30,000 for charity. Now Bacardi firm will tomorrow present anti-substance abuse charity Cada with the cash raised from the sales of a special limited edition rum sold in Bermuda to m...

Michael Butt, the Axis Capital Holdings chairman, has won a top industry lifetime achievement award. The near-50-year veteran of the insurance industry was given the award at a ceremony in London by Insurance Day magazine. Insurance Day editor Michae...

NEW YORK (Bloomberg) — Running a hedge fund didn’t work out for Meredith Whitney, once one of the most famous banking analysts in the US. So she’s starting fresh at a Bermuda-based insurer. Whitney has begun at Arch Capital Group Ltd, where she’s ove...

Bermuda-based insurance and reinsurance company Fidelis has won approval to set up business in London. The new arm of the firm is led by Dan Burrows as UK chief executive officer and will begin underwriting immediately. He is joined by chairman of sp...