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Bermudian-based insurer and reinsurer Iris Re has listed a new class of shares on the Bermuda Stock Exchange. Iris said the new shares, all non-voting preferred shares, will allow qualified investors to take part in its specialised insurance programm...

Ascendant Group shares fell nearly 20 per cent today, giving back most of the 29 per cent gain they recorded last week. The parent company of electricity provider Belco fell $1.09, or 19.8 per cent, to $4.41 after 254 shares traded. The Royal Gazette...

Retail sales went up 4.4 per cent in January compared to the previous year. Total spending, including $4.4 million in overseas purchases, totalled $89.4 million for the month. Four out of the seven sectors saw increases in revenue, with motor vehicle...

Lawyer Kiernan Bell is the new chairman of the Bermuda Business Development Agency. Ms Bell, who leads the Bermuda dispute resolution team at legal firm Appleby, replaces Caroline Foulger, a former partner at professional services firm PwC, who had l...

What would you do if you found a penguin in the freezer? That is not the opening line to a joke, at least according to the careers website Glassdoor. It’s a question that a job candidate at a Trader Joe’s in California reports he or she was asked in ...

Bermuda is playing a role in one of the world’s largest natural peril reinsurance deals, helping to support an ambitious programme to address flood risk insurance and reinsurance protection in Britain. The $3 billion Flood Re programme, launched yest...

Legal firm Benedek Lewin has hired a new head of property. Declan McKervey, an experienced property lawyer, took up his new post last Friday and will work with property counsel Stephen Males. Mr McKervey said: “I look forward to working with Stephen ...

Bermudian lawyer Lilla Zuill is settling into a new life in Hong Kong after being seconded to the Orient by Bermuda law office Harneys. Ms Zuill is to spend a year in the Harneys office on secondment in a bid to build business links between the islan...

A closed St George’s restaurant is to be reborn with a new name. The Tavern by the Sea, which closed last Thursday, is to reopen with new management and a new name — The Wharf. The building, at Somers Wharf off Water Street, is owned by Meyer Propert...

The London arm of the Hamilton Insurance Group has taken on a new staff member. Miles Osorio has joined Hamilton Underwriting, the managing agency of Lloyd’s Syndicate 3334 and the group’s Lloyd’s operations, as head of property direct and facultativ...