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Felix Edgren has been named Apex Group Ltd. regional head of corporate product – Nordics, effective today. Based in Sweden and reporting to HP van Asselt, global head of corporate products & growth, Mr Edgren will be responsible for leading the deliv...

The RG/BSX Index fell 26.82 (1.11 per cent) to 2,392.40 on Monday, dragged down by Bank of N.T. Butterfield Ltd. which closed down 50 cents (1.50 per cent) at $33.50, after 1,000 shares traded on the Bermuda Stock Exchange. The only other trading on ...

There has been silence so far from business as companies determine how they would be affected by government proposals that represent a radical departure in Bermuda’s corporate tax structure. The package of proposals includes deepening the take from i...

Vehicle sales in Bermuda were down by more than 20 per cent in August year over year, but it’s not a shortage of buyers that is the issue — it’s a shortage of cars. The August Retail Sales Index report revealed that motor vehicle stores sales volume ...

Bunge Limited, the American agribusiness and food company, has announced that its board of directors has unanimously approved moving its place of incorporation from Bermuda to Switzerland. Under the proposal, Bunge would become a Swiss corporation. T...

After five days of hearings last week, the Court of Appeals will entertain final written submissions in an appeal of a lawsuit that saw a unit of Credit Suisse end up on the wrong side of a $600 million judgment in the Supreme Court. And the appeals ...

The Bermuda Monetary Authority was praised as a world-class financial authority by MPs in the House of Assembly on Friday. The plaudits came after legislators passed a Bill to create a new class of innovative insurer through the Insurance Amendment A...

A Bill that aims to update the classification of securities — financial instruments such as any share of stocks on a company, bonds or debentures — under the Bermuda Monetary Authority Act 1969 was passed in the House of Assembly on Friday. In readin...

The Association of Bermuda Insurers and Reinsurers CEO, John Huff, is in Tampa, Florida this week for the National Association of Insurance Commissioners Fall National Meeting. Mr Huff is a past president of the NAIC, the US standard-setting body for...

Two bond insurance subsidiaries of Assured Guaranty Ltd have resolved their exposure to bonds, as the Puerto Rico Highways and Transportation Authority exited from bankruptcy last week. On December 6, the Modified Fifth Amended Title III Plan of Adju...