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A pioneer for women in the legal profession recognised her predecessors at a ceremony held in her honour. Shirley D. Simmons was acknowledged for being Called to the Bar a half century ago yesterday. A tree planting celebration at the Arboretum was ...

Dear Dave, When you use the envelope system, what should you do with any leftover money? MANDY Dear Mandy, My suggestion would be to carry it over to the next month. Lots of folks don’t use all the money in their clothing envelope during a month. The...

A reader asks: “I have $40,000 sitting in a local bank account, just doing nothing. Can you advise on best investment options to yield a higher rate?” Choices, choices. The easiest answer would be to simply say why not consider a mutual fund with a t...

Umer Islam has been appointed as leader of EY’s captive insurance practice. Mr Islam, the professional services firm’s Bermuda executive director, has more than 14 years of experience providing assurance and advisory services to insurance and reinsu...

The outlook for Bermuda’s banking system is stable with improving asset quality, strong capital buffers and sound liquidity, which balances profitability challenges, Moody’s Investors Service has said in a new report. The outlook expresses the credi...

The former fiduciary arm of law firm Appleby has bought up a European financial services group. Estera, once part of Appleby, but now an independent business, has taken over Heritage Financial Services Group, which operates from offices in Guernsey, ...

Island-based investment manager HSCM Bermuda has invested $20.1 million in preferred shares in a reinsurance vehicle that will take over $35.3 million of seasoned workers’ compensation liabilities. The deal, on behalf of an unnamed company, was arran...

Bermudian law firm BeesMont has promoted two staff members to partners. Sharon Beesley, director and CEO of the law firm, said that Allan Doughty and Stephanie Paiva Sanderson had proved “invaluable assets.” She added: “We are really delighted to ann...

The island’s first crematorium is up and running after more than three decades of planning and setbacks. The facility on Waller’s Point Road in St David’s has already undertaken more than a dozen cremations since it opened its doors at the end of Apr...

If there was one human trait that needs an adjustment, it is overconfidence. And men have it in spades. The research of Brad Barber and Terrance Odean in their aptly titled article, Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investme...

Hamilton Re has launched its first special purpose vehicle with backing of $65 million. Turing Re will provide collateralised capacity for its parent firm’s global reinsurance portfolio. Kathleen Reardon, CEO of Hamilton Re, said: “This transaction r...

Unless we are constantly vigilant, too many things in print pass without comment and are accepted as true. And so it is with a weary heart that I am compelled to offer a counterpoint to a recent argument that takes issue with Vanguard Group’s busines...