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Jardine Lloyd Thompson Group plc (JLT) and Towers Watson have announced that JLT will acquire the reinsurance brokerage business of Towers Watson. The cost of the deal is reported as $250 million. A Towers Watson release stated that upon completion, ...

Law firm MJM Limited announced that Timothy Frith was called to the Bermuda Bar yesterday. His practice encompasses commercial, insurance, company and insolvency matters and he has wide ranging experience of court, advisory and drafting work in all a...

PartnerRe has provided an initial estimate of German hailstorm losses. The Bermuda re/insurer said it estimated the cost of the storms in the last week of July will be between $50 million and $60 million pre-tax and net of retrocession and reinstatem...

Re/insurers and business groups have welcomed Government’s proposed changes to the Incentives for Job Makers Act saying it will help encourage job opportunities for Bermudians. Amendments tabled in the House of Assembly on Friday make it easier for n...

Apex Fund Services has announced the launch of Apex Capital Introduction Services. Apex CIS will assist fund managers with raising new capital through the experience and investor relationships through the experience and investor relationships of Le...

We are told to expect flat Bermuda economic performance for this year. Our Gross Domestic Product (GDP) as reported last week, has shrunk for the fourth straight year — the cumulative effect of increasing prior year’s expenditures and decreased reven...

Dear Dave, How do you make sure you don’t spoil your child when you’re wealthy? —Ryan Dear Ryan, I know this will sound mean to some people, but you simply explain to them that they are not wealthy. I remember a time years ago, after we’d gone brok...