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A total of 5,500 shares of Ascendant Group traded on The Royal Gazette/BSX Index, but with no change to the closing price of $16.30. Some 280 shares of Butterfield Bank also changed hands, but with no effect on the closing price of $52. On the New Y...

Gavin Woods is to join law firm Carey Olsen Bermuda in its corporate practice. He is currently a partner at Appleby and has more than eight years of experience in the Bermuda market, Before working in Bermuda he was with Freshfields Bruckhaus Dering...

Hiscox has promoted Ross Nottingham to chairman of North America for Hiscox Re and ILS. Ross joined the Hiscox Re and ILS team in Bermuda in early 2012 as an underwriter. He was also responsible for new product development and managing broker relati...

Private-equity firm Apollo Global Management has struck a $2.6 billion deal to buy Aspen Insurance Holdings Ltd. Rumours that the Bermudian-based insurer and reinsurer had put itself up for sale surfaced in June this year, with Argo Group and Blackst...

Two tourists had their bag snatched while riding a rental scooter in an apparent armed robbery on Harrington Sound Road, Hamilton Parish, yesterday. According to police, two men on a motorbike approached two tourists near the junction with Quarry Ro...

The “real work” starts now to deliver a pay structure in Bermuda that aims to lift low-income workers off the breadline. More than two years after Rolfe Commissiong, a government backbencher, first moved to launch a committee that would consider a li...

Southampton Rangers beat ten-man Somerset Cricket Club by three wickets in a low-scoring affair at Southampton Oval in the Premier Division Twenty20 yesterday. Lamont Brangman claimed four for 20, Charles Trott three for 11 and Vernon Eve two for fou...

Spencer Butterfield is the new chief executive officer of Butterfield & Vallis, which today celebrates its 100-year anniversary. He takes over from his father Jim Butterfield, who has completed a record-equalling 36 years at the head of the company. ...

KPMG Bermuda is running an anti-money laundering/antiterrorist financing training session next month. The 1½-hour session is interactive, and will make use of videos, voting technology and audience questions and answers. It will take place on Septemb...

Classes offered by the Community Education Development Programme are to be shelved at the end of this month, according to Diallo Rabain, the Minister of Education and Workforce Development. The move came after Mr Rabain informed the House of Assembly...

The US Department of Justice has closed its investigation into Insurance Corporation of Barbados Ltd, a Barbadian insurance company of which Bermudian-based BF&M Limited is a majority shareholder. In a statement today, BF&M said the decision brings t...

A “living classroom” project on Trunk Island, in Harrington Sound, is being supported by LOM Financial, which has committed to donating $50,000 to the Bermuda Zoological Society during the next five years. Scott Lines, chief executive officer of the ...