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Bermuda-based insurance and investment firm Old Mutual has been bought by Beechwood Bermuda. Old Mutual, which has more than $1 billion in assets, closed for new business in 2009. Now Beechwood, a major provider of international investment plans that...

A food truck has launched a special deal for the insurance and reinsurance business. The Smokin’ Barrel is offering 10 per cent off as the industry works overtime following the January renewal season. Chef Richard Reno said: “It’s renewal season and ...

The management buyout of the fiduciary arm of legal firm Appleby, backed by London-based private-equity firm Bridgepoint, has been completed. The deal means the fiduciary and administration segment of the offshore law firm, which has 350 employees, p...

The next in a series of Inspire eBusiness workshops is set to take place on January 19. The fifth in the seven-part series, sponsored by the Department of E-Commerce and coordinated by the Bermuda Economic Development Corporation, will cover “Process...

The Royal Gazette/BSX yesterday closed unchanged at 1,304.66 after a day of no trades. The BSX Insurance Index ended the day up 39 points (2.40 per cent) at 1,661.99.

Argus Group and Watlington Waterworks saw their shares end the final week of 2015 higher. For Argus the weekly gain was nine cents (2.3 per cent), with shares closing at $4.04 after 2,000 were traded on The Royal Gazette/BSX Index. Shares of Watling...

Climate change could put Bermuda at risk of greater economic damage and dent its sovereign credit rating more than many countries and islands. That is the finding of a speculative report by Standard & Poor’s Ratings Services. Using direct damage data...

Insurance and reinsurance broker Willis Group Holdings has completed the acquisition of Gras Savoye, the French insurance broker. In April last year Willis, which is based in London and has offices in Bermuda, announced a $590 million offer to acquir...

About 50 students and insurance industry professionals attended a special networking lunch held by the Bermuda Foundation for Insurance Studies (BFIS). Undergraduates, recent graduates and high school students got the chance to meet actuaries, accoun...

The Bermuda Stock Exchange saw 200 shares change hands on its first day of trading for 2016. A total of 200 shares in insurance firm BF&M changed hands, leaving its price unchanged at $16.85. The Royal Gazette/BSX Index also closed unchanged at 1,304...