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The Cayman Islands Economics and Statistics Office has estimated an unemployment rate of just 3 per cent in the first half of this year as the holiday destination reopened for tourism, the Cayman Compass has reported. The drop in unemployment for Cay...

KPMG has announced a raft of new appointments in addition to the retirement of managing director Damion Henderson, who had been in the role since 2008. Two new managing directors are Bron Turner and Ian Gardner. Meanwhile, new directors on the team a...

Walkers, the international law firm, has increased its Bermuda headcount by 25 per cent in the past 12 months, it said in a press release Wednesday. The firm said the rapid expansion was required to meet growing market demand and included investments...

The airport dilemma with the firefighters is the latest indicator of our ageing population but also a test of our standing in the world of trade and technology. Truthfully, it would not matter what area of the economy we compare; we would still show ...

Axa XL Reinsurance has appointed industry veteran Mark Twite as chief executive officer, Bermuda. Mr Twite is to take up his new post on Monday. In the role, he will be responsible for the strategic growth of the business in Bermuda, ensuring capital...

A KBRA rating agency report on credit risks suggests that the Federal Reserve’s “near singular focus over the near term on taming inflation runs the risk of overshooting its goal of curtailing demand, thereby increasing the risk of a hard landing.” T...

Alon Neches has been appointed president and CEO of Bermudian-based Fortitude Re. He will also join the organisation’s board of directors. Mr Neches succeeds James Bracken, who is stepping down to pursue other opportunities and will be available to a...

A raft of decisions made by Bermuda’s employment tribunal have finally been made public — more than a year after a change in the law required their disclosure. But the parties involved in the disputes have been anonymised, meaning employers found to ...

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has appointed Stefano Chiurlo as head of Accident & Health Europe. He will be based in Milan, Italy. Patrick Corbett, executive vi...

Bermuda market veteran Will Haddrell has joined Bernina Re Ltd as chief underwriting officer, head of US and Retro. He joins from Kettle, where he served as chief underwriting officer. Mr Haddrell, 39, is one of the island’s top amateur golfers, and ...

The Government is planning to create a vertical farming industry — not just one project, it has been revealed. Jason Hayward, the Minister for the Economy, unveiled the plan at a press conference yesterday, saying that an announcement on the developm...

Carey Olsen Bermuda, the law firm, has topped the charts again at the RG Top Ten Employer of the Year in Partnership with PwC. This is the 12th year for the awards, which were presented at a breakfast event at the plush Rosewood Tuckers Point Wednesd...