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Law firm Appleby has been recognised at a UK awards ceremony for its work involving a progressive transaction to provide African Union member countries with insurance coverage against climate-related risks. A team from Appleby Bermuda picked up ‘Most...

Bermuda financial technology start-up Trunomi last night received a prestigious international accolade at a ceremony in London. The company, headed by founder and chief executive officer Stuart Lacey, was selected from around 800 applicants as one of...

It accounts for only one per cent of global assets today, but Islamic finance is growing fast and it offers an interesting alternative to the way the financial sector operates across much of the world. That was part of the message presented by Belaid...

Global markets will face a major shake-up this year, a professional services firm chief said yesterday. Arthur Wightman, head of the Bermuda office of PwC, said changes in technology and the need to compete in new markets would change the face of bus...

The president of XL Insurance (Bermuda) Ltd has been elected as the new chairman of Bermuda’s international business group. Patrick Tannock will replace George Hutchings, senior vice-president and chief operations officer of Oil Insurance in the top...

A worldwide organisation for women working for hedge funds is aiming to set up a Bermuda branch. The Bermuda Business Development Association (BDA) said that the New York-based 100 Women in Hedge Funds (100WHF) chief executive officer Amanda Pullinge...

Shares of three major oil tanker companies based in Bermuda have rocketed as oil prices plummet. In the past three months Frontline has seen its share price boosted 159 per cent, while shares in Teekay Tankers are up 78 per cent, and shares in Nordic...

A Bermuda-based subsidiary of a Swiss bank is at the centre of a probe by the Italian tax police into alleged tax-dodging involving around $9.45 billion. Officers from the Guardia di Finanza searched the offices of Credit Suisse in Milan last month i...

A US hedge fund manager is being sued in a $46 million Bermuda court case by a billionaire investor. Meredith Whitney, who is married to Bermuda resident ex-WWE wrestler and TV pundit John Layfield, has been taken to court by billionaire Michael Plat...

Financial services firm Sun Life is planning to more than double its staff on the Island over the next few years. And the Canadian-founded firm’s international arm aims to boost the number of Bermudians in top jobs with an international training prog...