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Bermuda-based drinks giant Bacardi has brought more jobs to Bermuda as the firm expands its portfolio, the company’s regional president for Latin America and the Caribbean said. Ignacio del Valle, in Bermuda to help launch two new premium rums, said ...

A subsidiary of Bermudian-based insurer Axis Capital has filed a lawsuit seeking relief from paying for the defence costs of film-maker Harvey Weinstein in connection with pending civil and criminal litigation — including rape charges against him ste...

Marsh & McLennan Companies plans to cut its global workforce by as much as 5 per cent after it completes the planned $5.7 billion acquisition of Jardine Lloyd Thompson. The news came in a filing by MMC with the US Securities and Exchange Commission. ...

Twelve employees of Ascendant Group Ltd have attained the Institute of Leadership and Management Level 5 certificate in leadership and management. ILM is an independent charity that forms part of the City & Guilds Group. It is the UK’s largest mana...

A former accountant-general is the new Registrar of Companies. Ken Joaquin, who also served as permanent secretary for the health ministry, replaced Stephen Lowe, who retired this year. The Ministry of Finance said Mr Joaquin had more than 15 years o...

Marsh & McLennan Companies has agreed to buy insurance and reinsurance broker Jardine Lloyd Thompson for about $5.7 billion. Both firms have offices in Bermuda, where they do broking, risk advisory and captive management business. Cost-cutting is par...

A solution to the problem of router wi-fi signals fading out around the home has been launched by One Communications. The company is offering its customers the opportunity to install OneHome Wi-fi, which creates a “seamless mesh” wi-fi signal that ca...

Union members staged a protest outside the headquarters of Belco yesterday after three staff were made redundant. The action came after three marketing and communications staff lost their jobs at parent company Ascendant last week, when their roles w...

The head of under-fire power company Ascendant said yesterday controversy over redundant staff was “the most mentally draining” experience of his professional career. Sean Durfy was speaking after three marketing staff lost their jobs at the parent ...

The home affairs ministry stepped into a row last night about three redundancies at power firm Ascendant. The move came after three Bermudian marketing staff lost their jobs last week at Ascendant, parent company of Belco, and their roles were outsou...

It could take 18 months to build the necessary independent infrastructure for American International Group’s Bermudian-domiciled legacy risk unit to compete for third-party business, Brian Duperreault said. The AIG chief executive officer spoke at a ...

Stephen Catlin has warned that the re/insurance industry is in a much tougher market than industry executives will admit. Many carriers will be “cashflow negative” by the end of next year, he predicted during the Rendezvous reinsurance industry netwo...