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Clarien Bank Ltd has appointed Wanda Mwaura, an experienced financial services professional, to its board of directors, effective immediately. Ian Truran, Clarien’s chief executive officer, said: “We are delighted to welcome Wanda, a highly respecte...

Somers Ltd has terminated the agreement to sell Bermuda Commercial Bank to Permanent Capital Holdings Ltd after it received better offers. The financial-services holding company said in a filing with the Bermuda Stock Exchange yesterday: “Somers conf...

A decommissioned subsea cable that once carried internet traffic to Bermuda, and was lying up to three miles below the surface of the ocean, has been recovered and will be recycled. It took three weeks for the remaining submerged section of the Bermu...

Technology provider Fireminds, founded and headquartered in Bermuda, has successfully renewed its SOC2 accreditation. SOC2 is an auditing procedure that ensures service providers securely manage their client’s privacy and organisational data. Only on...

Carey Olsen has been shortlisted for Offshore Firm of the Year at the annual Chambers High Net Worth Awards, having won the award last year. Finalists for the awards, which celebrate legal excellence in the world of private wealth, are selected as a ...

International law firm Conyers has chosen eight students as recipients of Legal Awards in 2020. Including renewed funding for some past recipients, the firm is awarding over $200,000 in 2020 to support Bermudian students with their legal education. T...

Carey Olsen Bermuda has promoted Bermudian corporate lawyer Michelle Falcucci to senior associate. She took up the role on July 1. Ms Falcucci has been a member of the corporate team at Carey Olsen Bermuda since June 2019. She advises on all aspects ...

The Bermuda Monetary Authority recorded a budget deficit of $2.55 million last year, its third consecutive annual shortfall, and the seventh in the past decade. It has previously covered budget shortfalls from its general reserve, and last year the r...

Pure gold casts of Nelson Mandela’s hands that were once linked with Arbitrade, have still to find a new home despite being put up for auction in New York City in March. The collection of four casts failed to find a buyer for the set during the aucti...

Bermudian-based high-tech asset management firm Alpha Innovations Ltd has launched a platform aimed at helping small and independent portfolio managers attract investors, and for investors to access portfolio managers who produce stronger returns. Th...