Tony Joaquin

Tony Joaquin, 40, has become the new president of the Institute of Chartered Accountants of Bermuda and one of his first tasks will be to persuade government to change a tax burden that could potentially decimate ICAB's membership.

The joint provisional liquidators of Bermuda Fire & Marine Insurance have brought their first legal action in Bermuda since they were appointed six months ago, filing an application to be appointed receivers of Bermuda London Underwriting Agency Ltd.

Provisional liquidators have been appointed to investigate the financial position of Bermuda Fire and Marine Insurance Company Ltd after the company filed for a voluntary winding up order on November 2.