Business

Tomika Smith just loves to see other people in love.
“I just get a kick out of it,“ Ms Smith said.
But over the years she heard a lot of friends complaining that their partners just were not romantic…

Staff at Enstar insurance have donated $50,000 to Ukrainian relief, the majority of the contributions coming from Bermuda.
Enstar matched staff generosity with a $50,000 donation to the Red Cross’s Uk…

Credit Suisse Group has indicated that an appeal is coming after the Supreme Court decision that went against their Bermuda subsidiary, Credit Suisse Life (Bermuda).
But they are facing other client…

The RG/BSX Index adjusted modestly higher, up by 0.24 (0.01 per cent) closing at 2,565.98, after one issue traded.
Argus Group Holdings Ltd. closed a penny higher (0.2 per cent) at $6.11 on a volume o…

Bermudian-based Nabors Industries Ltd has added to its clean energy portfolio with an $8 million investment in GA Drilling, a.s., the geothermal technology company with headquarters in Bratislava, Slo…

Centaur Group, the Irish-headquartered global fund administration and fiduciary services provider with an office in Bermuda, is to become part of Waystone Group, an institutional provider of services …

Occam Underwriting, the London-based specialist lines focused managing general agency, has completed the acquisition of Beech Underwriting Agencies Limited having received the required approval from t…

Global Cloud Xchange, the Bermudian-based submarine cable network owner/operator, has expanded its partnership with digital infrastructure company Equinix.
GCX said the deal provides its customers wit…

Bermudian-based Oil Casualty Insurance Ltd has reported a net loss of $37 million for the year November 30, 2021.
Ocil is a Class 3B licensed insurer that provides various forms of coverage for a broa…

Despite newly released retail sales figures showing an 8.8 per cent drop in sales in December, several local store owners told The Royal Gazette that Christmas was not so terrible.
“Sales were down c…

A damning “indictment” of the business dealings of Credit Suisse bank follows a Supreme Court judgment in which more than half a billion dollars were at stake and where the court found fraud in policy…

Financial services veteran Jenny Chu’s appointment to the board of directors of Bermudian-based Nordic American Tankers Limited, comes at the same time Dallas-based Doug Penick will be leaving to focu…

Bermudian-based Mosaic Insurance has expanded its international transactional liability team in the United Kingdom, offering what it says is certainty amid an increasingly volatile cross-border deal e…

Walter Roban is to deliver a keynote address at next month’s Island Finance Forum.
Roban, Bermuda’s deputy premier and home affairs minister, will do so in a forum session on exploring insurance and c…

The RG/BSX Index remained unchanged for the day at 2,565.74, with no activity for domestic companies on the Bermuda Stock Exchange.
Meanwhile, the Bank of N.T. Butterfield & Son Limited finished u…

Apex Group Ltd, the Bermudian-based global financial services provider, in partnership with the Digital Leadership Forum, has announced the launch of the Financial Services Disruptor Forum powered by …

December 2021 was a less than merry month according to the latest retail sales report from the Department of Statistics.
The December 2021 Retail Sales Index report showed that the volume of retail sa…

Oligarchs now facing sanctions and the discomfort of seeing their luxurious lifestyles thrown into the spotlight may be disconcerted to recall that one of their number, just four months ago in a Bermu…

Georgian oligarch Bidzina Ivanishvili has won a massive half billion-dollar lawsuit against Swiss banking giant subsidiary Credit Suisse Life (Bermuda).
Chief Justice Narinder Hargun’s ruled that the …

The Cayman Islands may keep an eye on Bermuda as they review a $6-an-hour minimum wage implemented in March 2016.

The Cayman Compass is reporting broad support for a review of the six-year-old ben…

KPMG in Bermuda has sold its restructuring practice to Teneo, the New York-headquartered global CEO advisory firm.
As part of the transaction, Mike Morrison and Charles Thresh will be leaving the firm…

Pearline McIntosh has been appointed to the position of SVP, head of private banking, at Clarien Bank.
She will be responsible for the day-to-day management of the private banking team within Clarien’…

The RG/BSX Index remained unchanged for the day at 2,565.74, with no activity for domestic companies on the Bermuda Stock Exchange.
Meanwhile, the Bank of N.T. Butterfield & Son Limited fell 50 ce…

BF&M Limited is reporting net income of $25.2 million for the 2021 financial year to December 31, an improvement over 2020 earnings of $20.5 million.
The company said the results equated to an ann…

A subsidiary of Bermudian-based holding company Assured Guaranty Ltd has issued a £170-million, five-year debt service reserve guarantee to benefit Yorkshire Water Services Limited, a member of the Yo…

Bermudian-based Oil Insurance Limited has reported a net profit for 2021 of $667.5 million, which included a $266 million underwriting profit.
That compares with a net profit of $466.5 million in 2020…

Twelve Allied World Bermuda employees were recently promoted in recognition of their many contributions to the organization.
“It is great to see each of these individuals recognised for their hard wo…

Ann Spencer-Arscott and Katie Bennett have been appointed co-presidents of the Bermuda chapter of the Association of Fundraising Professionals.
An AFP Bermuda spokesperson said: “We are delighted to a…

Mike Morrison and Charles Thresh have joined Teneo following the global CEO advisory firm’s acquisition of KPMG’s restructuring business in Bermuda.
Morrison, who joins as co-chair, international fina…

St George’s is quiet before the kick-off of cruise ship season, but Kelli Thompson’s Saltwater Jewellery Designs shop just had five million virtual visitors.
On March 6, Ms Thompson and her seaglass p…

The government said Sunday that between November and December the average cost of goods and services went down.
Falling in price during that period was premium fuel and the entire transport & fore…

Virginia’s Governor Glenn Youngkin has welcomed the siting of a Bermudian insurance group’s new subsidiary in Henrico County.
The new offices are for Hamilton Insurance Group’s US headquarters, which…

Organisers of the third annual International Tech Summit in Bermuda have hailed the growing level of international and local interest in the island’s burgeoning fintech sector.
The week-long summit, h…

The common-sense mantra is “managing a budget keeps your finances under control”.
Good advice for good times: stable job, stable economy, healthy family, and a positive, promising future.
Not so relev…

Dear Dave,
My husband and I are getting a divorce, and everything will be final in less than a month. I haven’t worked outside the home in a few years, but according to the terms of the divorce I’ll …