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Ace yesterday announced the appointment of Nick Rowse as vice-president, chief information officer for Bermuda. In this role Mr Rowse will be responsible for strategy and execution, as well as design, development and maintenance of systems and appli...

Alterra Bermuda announced that Ben Munro has joined the company as a senior vice-president with the Professional Liability Insurance underwriting team. Mr Munro will be concentrating on directors’ and officers’ liability insurance and other executive...

Lloyd’s insurer Canopius Group Ltd has announced its first ever loss £64 million (about $100.6 million) before tax for 2011. The loss comes after the company posted a profit of £40 million (about $62.9 million) for 2010. Canopius, a UK-based insuran...

AFL Investments has hired two new investment specialists to strengthen their client services team. Bermudian Elyse Rayner has come on board as a wealth manager and Veneta Alexieva as a financial consultant. As a wealth manager, Ms Rayner will provide...

Realtors say rents have fallen in the last five years, but according to the Consumer Price Index, they have actually risen every year since 2006, pushing inflation up. This is because, ironically, rents for rent-controlled apartments went up during t...

Allied World Assurance Company Holdings COO David Bell is to leave the company to pursue other interests in Montana. Allied announced yesterday that Mr Bell would stay with the company until May 1 this year to help during a transition period. John M...

A discussion about privatising Government services has caused considerable anxiety among public sector workers. Bermuda Public Services Union president Kevin Grant issued a statement which questioned the motives of privatisation advocates and noted t...

The American department store, Sears, will open its doors in Bermuda next week offering a wide range of home products to shoppers and hiring eight new local staff. Owned by MarketPlace, the new 12,000-square-foot store on Victoria Street will officia...