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Shares of utility Ascendant Group rocketed more than 20 per cent in Bermuda Stock Exchange trading today. Ascendant, owner of electricity provider Belco, which announced last week that annual profits doubled to more than $14 million last year, rose 8...

Technology company Fireminds has launched a new data centre. The centre aims to continue the firm’s growth in delivering cloud solutions, managed hosting and collocation. Fireminds CEO Michael Branco said: “Data residency continues to be a top priori...

Alex Baker has been appointed chief actuary and chief risk officer with Hamilton Underwriting, the managing agency of Lloyd’s Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group. Mr Baker was previously chief actuary of Chubb Managi...

The parent company of Bermuda Commercial Bank has made an investment in a British law firm that specialises in alternative assets such as hedge funds. Somers Ltd, a financial services holding company based in Bermuda, said today through a statement f...

NEW YORK (Bloomberg) — Ruben Rodriguez, the retired Bacardi Ltd chief executive officer who led the rum maker in its 2004 purchase of Grey Goose superpremium vodka, has died. He was 79. He died May 5 in Darien, Connecticut. In 2000, Rodriguez was nam...

The search has begun to find the best employers on the island. The Bottom Line magazine is seeking to recognise the very best of them in the eighth annual Bermuda Top Ten Employers Awards. The people-based survey endeavours to find which of the islan...

The choices facing Bermuda over how it should generate the electricity supply of the future are becoming increasingly complex, with the rapid changes taking place in the global energy sector. That is the view of Walter Higgins, chief executive office...

Willis Towers Watson, the global advisory, broking and solutions company, which has offices in Bermuda, has reported first-quarter revenues of $2.2 billion. That total is an increase of 11 per cent compared to Willis and Towers Watson pro forma reven...

Argus Group shares climbed the most last week, gaining 29 cents, or 7.8 per cent, to close at $3.99 after 30,000 traded on The Royal Gazette/BSX Index. Butterfield Bank shares slipped one cent, or 0.6 per cent, to $1.63 after 20,500 were exchanged, w...

James Leman has joined Air Care Ltd as business development and customer care manager. He was formerly a sales and marketing coordinator with Discovery Wines, and before that worked as a business development manager with Freisenbruch-Meyer Group. “I ...