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There’s something fascinating about a Fidelity Investments — a privately held, family business with $3.5 trillion in assets under administration as of January 2012. Founded in 1946, it’s now the second-largest US mutual fund company and one of the w...

BF&M’s purchase of Cayman insurer Island Heritage helped push its profit for the first half of the year up by 7 percent to $12.2 million compared to $11.4 million in the six months to June 30, 2011, resulting in an annualised return on shareholders’ ...

NEW YORK (Bloomberg) — Marsh & McLennan Cos., the second- largest insurance broker, promoted Daniel Glaser to chief executive officer, effective January 1, as the company expands in Latin America and Asia. Glaser, 52, replaces Bermuda’s Brian Duperre...

Another round of downsizing has resulted in the layoff of eleven employees from SAL Trading Limited due to a drop in trading in Bermuda’s struggling economy. Company CEO Bill Morrison said in a statement yesterday: “SAL regrettably had to inform a nu...

The global recession has taken a toll on this year’s Argo Group Gold Cup, which could be scaled back due to a lower than anticipated turn-out. Some of the teams invited to compete in the Alpari World Match Racing Tour sanctioned event have declined b...

The new director of the Bermuda Institute of Ocean Science (BIOS) hopes to expand the institute’s scope while at the same time preparing it for the future. Dr Bill Curry said yesterday that the Institute has been expanding beyond just biological rese...

If you’re a bachelor whose idea of cooking is making a peanut butter sandwich or ramen noodles, then it’s time to step into the 21st Century — so believes chef Brian Russell Richardson. Mr Richardson is encouraging men of all ages to turn up the hea...