Bermuda on the EU’s grey list until October
The Ministry of Finance of the Government of Bermuda reported today that Bermuda remains a fully co-operative jurisdiction committed to full compliance with regard to the European Union’s internationa…
Business
Isis and Gina on target for business success
A Bermudian mother-daughter duo could soon see their vegan hair care products on shelves at Target, one of the largest big box stores in the US.
But Gina Spence, and her daughter, Isis Benjamin, need…
But Gina Spence, and her daughter, Isis Benjamin, need…
Report warns tax overhaul is needed
Dire warnings from the Fiscal Responsibility Panel highlight Bermuda’s troubled economy, noting how imported inflation is squeezing household incomes.
Their seventh annual report observes how the impa…
Their seventh annual report observes how the impa…
Bank shares fall a dollar in New York
The RG/BSX Index remained unchanged at 2,674.67 in the absence of trading on the Bermuda Stock Exchange domestic board.
In New York, The Bank of N.T. Butterfield & Son Limited finished at $38.80, …
In New York, The Bank of N.T. Butterfield & Son Limited finished at $38.80, …
Belco honours Black innovator
A Black former Belco employee of 43 years was yesterday honoured for his work modernising the company.
Belco paid tribute to the late Nolan Leroy Smith, an electrical engineer who helped build the com…
Belco paid tribute to the late Nolan Leroy Smith, an electrical engineer who helped build the com…
Offshore driller claims half year profits
On the same day that it emerged from a chapter 11 bankruptcy process, Bermudian-based offshore drilling company Seadrill Limited has reported a net profit of $18 million in the second half of 2021.
Th…
Th…
Q4 net lowered at LNG service provider
Bermudian-based energy outfit Höegh LNG Partners LP has reported net income of $16.2 million in the fourth quarter of 2021.
That compares with net income of $18.5 million in the fourth quarter of 2020…
That compares with net income of $18.5 million in the fourth quarter of 2020…
Bacardi is a “Great Place to Work”
Bacardi, the drinks giant based in Bermuda, has achieved the internationally-recognised “Great Place to Work” certification at its 23 production sites across 10 countries worldwide.
The company’s glob…
The company’s glob…
Cargojet grounded again
An air importer that sparked a flurry of complaints this month over poor service has been put on notice of a formal complaint after another missed flight.
Canadian-based Cargojet, which specialises in…
Canadian-based Cargojet, which specialises in…
BMA joins in action against Russian interests
With the backdrop of global tensions and the threat of war in Ukraine, Bermuda’s financial services regulator has added three Russian nationals and five banks to the sanctions list on its website.
The…
The…
Q4 losses drown Argo annual earnings
Argo Group International Holdings, has reported a fourth quarter net loss attributable to common shareholders of $118.8 million, compared to a net loss attributable to common shareholders of $3.5 mill…
Stationery Store expands local brands
The Stationery Store and Stationery Store Plus are seeking to add more local brands to their wide selection of products – particularly those created by Black-owned businesses.
The stores said the init…
The stores said the init…
Aon boss to address risk summit
Eric Andersen, the president of Aon, will deliver a keynote address at the inaugural Bermuda Risk Summit next month.
The March 14-16 event, presented by the Bermuda Business Development Agency, is the…
The March 14-16 event, presented by the Bermuda Business Development Agency, is the…
Broker pursues social and environmental issues
BMS, the independent insurance and reinsurance broker with an office in Bermuda, has promoted Neil Prior to the newly created role of group head of environmental and social responsibility, effective i…
Net profit lowers for Avance Gas
Bermudian-based Avance Gas Holding Ltd has reported a net profit of $32.1 million in fiscal year 2021.
That figure compares to a net profit of $70.9 million in 2020.
The company, which is engaged in t…
That figure compares to a net profit of $70.9 million in 2020.
The company, which is engaged in t…
Decreased revenues pull down Valaris earnings
Valaris Limited has reported an operating loss of $24.7 million in the fourth quarter of 2021.
The Bermudian-based offshore drilling company said that compared with operating income of $3.1 million in…
The Bermudian-based offshore drilling company said that compared with operating income of $3.1 million in…
Seadrill prepares to rise from Chapter 11
Seadrill Limited, the offshore drilling company based in Bermuda, has announced that it anticipates soon emerging from chapter 11 bankruptcy, possibly as early as this week.
Seadrill’s chapter 11 plan…
Seadrill’s chapter 11 plan…
AAC becomes 2.0
One of Bermuda’s most well known advertising and publicity agencies, AAC, has rebranded as 2.0, it was announced Monday.
For many years, AAC maintained a key role in the marketing and branding of Ber…
For many years, AAC maintained a key role in the marketing and branding of Ber…
New senior associate at MJM Limited
Mark Adams has been appointed senior associate on the corporate & finance team of law firm MJM Limited.
After qualifying in England and Wales in 2002, Adams acquired extensive international experi…
After qualifying in England and Wales in 2002, Adams acquired extensive international experi…
Butterfield ends lower
The RG/BSX Index closed unchanged at 2,687.80 with only Argus Group Holdings Ltd. trading on the Bermuda Stock Exchange, closing unchanged at $6.39, after 13,103 shares changed hands.
In New York, The…
In New York, The…
BF&M pledges $75,000 to Bermuda College Foundation
The Bermuda College will receive a $75,000 boost over three years thanks to a donation from an insurance company.
BF&M Ltd will give annual donations of $25,000 to the Bermuda College Foundation, …
BF&M Ltd will give annual donations of $25,000 to the Bermuda College Foundation, …
New acquisition for Monument Re company
A subsidiary of Bermudian-domiciled Monument Re Limited has completed the acquisition of AME Life Lux SA (Amell) from French mutual insurance group, Covéa.
The company said the deal by Luxembourg-base…
The company said the deal by Luxembourg-base…
New arrangements for SFL North Sea drilling
Bermudian-based SFL Corporation Ltd, one of the world’s largest ship-owning companies, has agreed to make changes to the chartering and management structure of the harsh environment jack-up drilling r…
Ariel Re donates over $16,000 to help families
Ariel Re, the Bermudian-based reinsurer, has partnered with charity advocate Fiona Dill to donate more than $16,000 to Bermudian families through the company’s employee giving campaign.
Ariel Re said …
Ariel Re said …
Cake Shop’s future placed on a knife edge
A struggling bakery business has been given one last chance to make full restitution of money it owes to former employees.
Cake Shop Limited, which operates an outlet on Curving Avenue in Pembroke, is…
Cake Shop Limited, which operates an outlet on Curving Avenue in Pembroke, is…
Fitch outlook on SiriusPoint remains negative
Fitch Ratings has maintained its negative outlook on the ratings of SiriusPoint Ltd. (SPNT).
Fitch affirmed SPNT ratings, including its BBB Long-Term Issuer Default Rating (IDR), BBB senior debt ratin…
Fitch affirmed SPNT ratings, including its BBB Long-Term Issuer Default Rating (IDR), BBB senior debt ratin…
Crypto Shield backed by Bermuda reinsurer
A Bermudian-based reinsurer has played a pivotal role in helping a revolutionary new crypto wallet insurance product get to market.
Relm Insurance Ltd has provided the necessary reinsurance backing fo…
Relm Insurance Ltd has provided the necessary reinsurance backing fo…
Trust in uncertain times (Part 3)- how organisations scale trust
In our third instalment of addressing psychological safety and building trust in the workplace, we provide practical tips that everyone in the workforce can rally around and apply to navigate the unce…
Aon joins Abir
One of the world’s largest insurance and reinsurance brokers, Aon, has joined the Association of Bermuda Insurers and Reinsurers (Abir).
The association pointed out Aon’s significant and enduring pres…
The association pointed out Aon’s significant and enduring pres…
How lost cargo of bath toys tells story of ocean health and climate change
Moby-Ducks: yes, I’m talking about the ones your children and grandchildren (and maybe even you) played with in the bathtub.
In January 1992, a cargo ship, the Ever Laurel heading to the United States…
In January 1992, a cargo ship, the Ever Laurel heading to the United States…
How to protect yourself from inflation
There’s an elephant in the room, or at least, in the economy: inflation. Inflation is blowing up in the headlines, causing many of us to feel a little deflated about their money. So, let’s talk about …
Bank ends earnings week almost 6% higher
The RG/BSX Index finished unchanged at 2,687.80 after the continued trading in the shares of Argus Group Holdings Ltd. on the Bermuda Stock Exchange.
A further 8,000 shares changed hands, as the stock…
A further 8,000 shares changed hands, as the stock…
New reinsurer declares full year profit
An American issuer of fixed index annuities has set up a reinsurer in Bermuda.
American Equity Investment Life Holding Company revealed the formation and licensing of AEL Bermuda Reinsurance Company i…
American Equity Investment Life Holding Company revealed the formation and licensing of AEL Bermuda Reinsurance Company i…
Strong ratings of Sony’s Bermuda captive affirmed
Sony’s Bermuda captive has won acknowledgement of its outstanding financial strength and credit ratings by AM Best.
The rating agency has affirmed the financial strength rating of A (Excellent) and th…
The rating agency has affirmed the financial strength rating of A (Excellent) and th…
Palomar grows top line by 56 per cent
The parent company of island-based Palomar Specialty Reinsurance Company Bermuda Ltd has reported net income of $16.6 million in the fourth quarter of 2021, which contributed to full year net income o…
Pandemic shining a light on solar power at BE Solar
Renewable energy company BE Solar has experienced a bright side to the pandemic: an uptick in interest in solar energy.
“We are seeing a lot of people choosing to invest in their properties at this p…
“We are seeing a lot of people choosing to invest in their properties at this p…
Wellness clinic to close next month
Health Infusion Bermuda, the wellness clinic in Pembroke that was opened two years ago by sisters Bobbi and Nikki Marshall, is to close on March 27.
“The Health Infusion Team” sent an e-mail to “clien…
“The Health Infusion Team” sent an e-mail to “clien…