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Moody’s Investors Service expects Bermuda to achieve economic growth averaging 1.5 per cent between 2017 and 2021. The ratings agency has also noted the Bermuda Government’s efforts to diversify the economy through financial technology, such as block...

Bermudian-based Ascot Group Ltd has acquired two parts of Greyhawk Insurance in run-off with the aim of increasing its access to the US insurance market. The group’s US subsidiary, Ascot US Holding Corporation, will acquire Greyhawk Insurance Company...

Bermudian Jenni Rowntree Estis has been promoted by Guy Carpenter to the role of head of operations, senior vice-president, broking. In this new role, Mrs Rowntree Estis will oversee IT, human resources, finance and client administration services at...

Bermuda has a right to speak up and protect its world-leading brand in the face of larger countries and organisations pressuring smaller jurisdictions to accept their compliance regulations. Other offshore financial centres that are also regarded as...

When it come to privacy and personal data of clients it is time for businesses and organisations to think beyond compliance and build a data-aware culture. Why? Because a data breach can prove costly in many ways, from lost profits to a plummeting st...

Cox Hallett Wilkinson has hired Carol Clarke as counsel in its corporate department. Ms Clarke, who previously worked in the corporate department at Conyers Dill and Pearman, has more than 20 years in practice. “Carol comes with an excellent reputati...

Bermuda’s overall threat rating for money laundering has increased from medium to medium-high after a comprehensive update to its 2013 risk assessment was carried out last year. The Bermuda Monetary Authority said the increase in the rating does not ...

Law firm Carey Olsen Bermuda has appointed Cheri Minors as a senior associate in its trusts and private wealth practice. Ms Minors, who joins the firm after working as in-house legal counsel and group compliance manager for insurer Colonial Group Int...

Third Point Reinsurance reported a net first-quarter loss of $26 million as investment valuations fell — but gross premiums more than doubled. The Bermudian-based company, whose investments are managed by Dan Loeb’s Third Point LLC hedge fund, said t...

Aspen Insurance Holdings Ltd beat analysts’ expectations as it posted net income of $30.8 million for the first quarter. The Bermudian insurer and reinsurer’s operating income after tax totalled $63 million, or 91 cents per share, beating the 74 cent...

Athene Holding Ltd’s first-quarter net income fell 30 per cent to $268 million, compared to the same period a year earlier. The Bermudian-based life reinsurer and annuities provider, which is backed by private-equity firm Apollo, said its book value ...

Relations between the UK and its Overseas Territories have taken “a significant backwards step” following a move to compel the OTs to make their company ownership registries public by the end of 2020. That was the reaction of David Burt, the Premier,...