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Bermudian-based offshore law firm Appleby has won the highest ranking in a prestigious legal directory. The company is one of only two firms to rate a Band 1 in the latest edition of the Global Chambers Guide. Michael O’Connell, Appleby Group managin...

Investment firm LOM’s new emerging-markets fund is off to a strong start. The fund, which started in January, earlier this month hit a 6.5 per cent investment return. The fund is designed to invest more in emerging market sectors leveraged to an incr...

Two new awards for Bermudians studying accounting have been announced by the Association of Bermuda International Companies and PwC Bermuda. The Abic PwC Award is valued at $15,000 per annum for two years for an undergraduate, or a $20,000 one year a...

Six years of hard work by the Bermuda Monetary Authority, insurance industry figures and politicians have paid off with the final confirmation that Bermuda has won Solvency II equivalence. The news became official last Thursday after a consultation p...

International legal firm Harneys’ Bermuda office has been recognised in the Chambers Global rankings of law firms. The firm was commended in the Chambers survey, joining other Harneys offices in Caymans, the British Virgin lslands, Hong Kong and Lond...

The Bank of Butterfield has been named best bank in Bermuda by US-based magazine Global Finance for the second year in a row. Michael Collins, the CEO of Butterfield, said: “It is an honour to once again have been included in Global Finance’s listing...

Insurance-linked securities are instruments by which insurance risk is transferred to capital markets. For insurers and reinsurers, ILS represent an alternative to traditional reinsurance and retrocession. The benefits that ILS offer to insurers an...

The impact of low oil prices has caused some shipping companies to direct their vessels around the Cape of Good Hope, the southern most tip of Africa, rather than sail through the Suez Canal in Egypt. It is the latest boon for fleet operators who hav...

Bermuda’s financial-services regulator is to name and shame people and institutions punished for breaking the rules. The Bermuda Monetary Authority’s adoption of a more public approach to enforcement was outlined by Jeremy Cox, the organisation’s chi...

Cleaner and cheaper liquefied natural gas could be powering Bermuda inside four years, a report has revealed. Consultants Castalia said that electricity generation in Bermuda could be switched over to LNG by 2020 with a pricetag of between $258 milli...