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Bermuda’s rating has been downgraded to A2 from A1 by Moody’s Investment Service. The rating has been given a stable outlook. Bob Richards, the Minister of Finance, said: “Given the momentum we continue to gain in reducing the deficit, as outlined in...

Bermuda Telephone Company is opening a new store and payment centre on Monday. The store is located in the Hamilton Exchange building, on the corner of Cedar Avenue and Victoria Street. BTC said the store would offer a range of new features and will ...

1. Create a compelling vision of the future — where are we going, and why? To lead, you need followers so ask yourself why people should follow you. One powerful reason would be to create a compelling view of the future with an emphasis upon the p...

Bob Richards, the Minister of Finance, is in London and is expected to join a number of global leaders today at an anti-corruption summit. The event comes only a month after millions of documents were leaked from Panamanian law firm Mossack Fonseca, ...

Graham Wood has stepped down from Markel CatCo Investment Management, where he was chief underwriting officer, and is to return to Britain after a nine-year spell in Bermuda. His departure is by mutual agreement and is part of a “planned strategy” by...

Bermudian-based insurer and reinsurer Argo has appointed a new chief actuary. Robert Katzman, who will be based in New York, replaces Michael Fusco, who is retire after more than 40 years in the industry. Jay Bullock, Argo Group’s chief financial off...

About 60 miles north of Kingston, Jamaica, in the jungles surrounding Port Antonio, there is a course in offshore regulatory compliance. On any given day, participants experience temperatures in the high 80s with humidity about 70 per cent. The humi...

Bermuda’s sovereign credit rating was affirmed at A+ by Standard & Poor’s Rating Services. The rating is important, as it influences the interest rate the Bermuda Government — which is carrying gross debt of more than $2.2 billion — will have to pay ...

Andrew Gibbs is to rejoin the private sector after leaving a top role at the Bermuda Monetary Authority, Mr Gibbs, who was director of insurance supervision at the island’s financial regulator for two years, will join AmTrust International Insurance...

Grainne Richmond has been appointed the new president of the Bermuda Insurance Management Association (BIMA), following the group’s AGM this month. Ms Richmond takes over from Robert Paton, executive vice-president at Aon Risk Solutions, who has serv...

Peter Stubbings has been named the new chief executive officer of the Bermuda office of reinsurance broker and risk adviser Guy Carpenter & Company. The appointment takes place with immediate effect, the firm announced today. In addition, Richard Kee...

The European Union has introduced new data protection laws that will have implications for many Bermuda companies that do business in the 28-country bloc. The new General Data Protection Regulation, which was approved by the European Parliament last ...