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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 ...

A group representing Bermuda’s largest insurers is firmly in favour of the island striving to meet new “country-by-country” income reporting standards aimed at forcing multinational companies to pay taxes where profits are generated. The initiative i...

Four Bermudian-based women have passed a tough exam for company directors. Tracey Gibbons, senior vice-president of specialty insurance at Allied World Re, passed the Institute of Directors’ Certificate in Company Direction with distinction. And Judi...

Bermudians and Bermuda-based business can be forgiven for rolling our collective eyes at the breaking news of Mossack Fonseca. This story will reignite the stale arguments over the ‘tax haven’ and ‘offshore’ labels. And yet again every small jurisdic...

Offshore financial centres with ties to Britain are “among the hardest places in the world to evade taxes or launder money”, claims a group representing legal and accountancy firms. The IFC Forum, which represents firms operating in several offshore ...

Legal firm Benedek Lewin has hired a new head of property. Declan McKervey, an experienced property lawyer, took up his new post last Friday and will work with property counsel Stephen Males. Mr McKervey said: “I look forward to working with Stephen ...

Bermudian lawyer Lilla Zuill is settling into a new life in Hong Kong after being seconded to the Orient by Bermuda law office Harneys. Ms Zuill is to spend a year in the Harneys office on secondment in a bid to build business links between the islan...

The London arm of the Hamilton Insurance Group has taken on a new staff member. Miles Osorio has joined Hamilton Underwriting, the managing agency of Lloyd’s Syndicate 3334 and the group’s Lloyd’s operations, as head of property direct and facultativ...

Ratings agency Moody’s has downgraded Bermuda’s macro profile from “moderate+” to “moderate”. The agency said the move reflected “the lowering of its assessment for institutional strength based on the World Bank’s worldwide governance indicators for ...

A new law to create a public register of directors comes into force today. Government amended company law to create the register to stay in line with US Financial Action Task Force rules. The new law means every company registered in Bermuda has to f...

An EU seal of approval for Bermuda’s insurance market will make the global business more competitive, the head of the Association of Bermuda Insurers and Reinsurers said yesterday. And Brad Kading, president and executive director of Abir, added that...