Business

A delegation from Bermuda led by David Burt, the Premier, is to travel to the annual RIMS conference next month in San Francisco.
The Bermuda Business Development Agency is central to activities of th…

A fraudulent e-mail targeting people in Bermuda’s financial services industries has been reported to local law enforcement after giving the impression that it is coming from the Bermuda Monetary Autho…

The RG /BSX Index closed down 0.73 points (0.03 per cent) at 2,609.41 after LOM Financial Limited finished at $5.15, down ten cents (1.9 per cent) with 40,000 shares changing hands on the Bermuda Stoc…

The Bermuda Economic Development Corporation, Beyond Plastic and Butterfield have joined forces to host a four-part webinar series to help small and medium sized businesses start planning for the tran…

Argo Group International Holdings Ltd chairman Thomas Bradley has become acting CEO of the company in place of Kevin Rehnberg, who has taken a temporary medical leave of absence.
Mr Bradley sent an e-…

Employees of Fidelis Insurance Bermuda Limited are to learn more about Bermuda’s past, through workshops on the history of enslavement, emancipation, and segregation in Bermuda.
Fidelis is working wit…

Bermudian-based Sompo International Holdings Ltd, the global re/insurer, has announced a strategic reorganisation of its insurance business.
The company said the following changes will be made effecti…

Diamond Standard has received regulatory approval from the Bermuda Monetary Authority to launch the $75 million initial offering of the Diamond Standard Bar.
Offered at $67,200, the price changes week…

The Institute of Directors Bermuda is to present two courses this month.
The Role of the Chair will be held virtually on March 24, and the next scheduled course in the Certificate in Company Direction…

A new report has determined that the pandemic has not just halted improvements in employment for women – but set it back by two years.
The report also states: “Women from Ethnic Minority groups are st…

A solar panel supplier has offered a product designed to blend in better with the island’s traditional white roofs.
Cameron Smith, the executive director of Greenlight Energy, said the company had alr…

Bermuda has a fresh cafe option for breakfast and lunch.
Oak Café opened on Friday in the Belvedere Building at 69 Pitts Bay Road in Pembroke.
Owners Jessica James and Rikki Hornett said the name is a…

The inception of the Keon Foundation Ltd (Foundation) has been announced. It will serve as the virtual asset service provider for the Keon Finance Ecosystem (Keon) and will provide initial development…

The RG/BSX Index remained unchanged at 2,610.14 after only 200 shares (Argus Group Holdings Ltd unchanged at $6.39) traded on the Bermuda Stock Exchange.
On the New York Stock Exchange, The Bank of N….

ASW Law Limited has promoted Hanno Tolhurst and Kim Willey to the position of partner in the firm’s corporate department.
The firm has also welcomed recent new hires Nikhil Lawton-Misra and Matthew Ma…

Bermudian-based fintech company 24 Exchange has raised $7.025 million in a funding round led by Morgan Creek Digital, Aspire Financial, Blackwells Capital LLC and several individual investors.
24 Exch…

Apex Group Ltd, the Bermudian-based global financial services provider, has been appointed by Chinese venture capital firm Starlight Capital to provide fund administration and corporate services.
Star…

Mt Logan Re Ltd, Everest Re Group Ltd’s third party capital unit, has appointed market veteran Andrew J Sterge as a non-executive independent board director.
The company also announced the retirement …

Conference panels at the third annual International Technology Summit kick off Wednesday.
The event is spearheaded by Penrose Partners, the Canadian and Bermudian blockchain advisory firm.
Kerem Kolcu…

The Supreme Court of Bermuda has granted an order winding up Seadrill Limited, the Bermudian-based offshore drilling company.
The winding-up order was made by Puisne Judge Larry Mussenden after hearin…

Phil Matthews has been appointed to the professional services department of Bermuda Realty Company Limited, after joining the firm in January.
Working along side Rob Newton, the two now comprise the c…

Bermuda could face mounting costs from a high incidence of chronic disease as a lasting effect of the pandemic.
The Minister of Health today leads discussion on a ministry that already eats up a large…

TeleBermuda International Limited has emerged as a prospective purchaser of cable television provider World on Wireless.
TBi’s pole position to take over Wow was revealed by the Regulatory Authority o…

Kianté Francis’s body care business — Luxe, Bliss, Love —has a scent for almost every mood.
Uplift Me, Cuddle Me, Seduce Me and Vacation Me are the names of some of her candles, creams and fragrances…

We sometimes catch ourselves, as individuals and as organisations, going from one fire drill to the next. It can be empowering and it can give us great momentum in the moment, but it can also drain us…

Appleby, the international law firm, believes the use of technologies in addressing climate change is critical and the discussions this week at the 3rd annual International Tech Summit ‘22 are importa…

Readers, a commentary on managing your money seems ridiculously superfluous given what the Ukraine and her people are enduring minute by minute, day by day – not knowing the end result.
The ongoing ho…

Dear Dave,
We’re trying to get control of our finances by living on a budget. We also have about $18,000 in debt we are trying to pay off. My husband brings home $3,400 a month, and I am currently tak…

Insurers and reinsurers holding large books of East European business are being urged to stress test their portfolios against the threat of Russian and Ukrainian cyber attacks.
A new report published …

Bermudians seeking to learn more about the emerging fintech sector – or wishing to work in the industry – are encouraged to attend a special educational session Tuesday.
Fintech and Digital Asset Educ…

A vibrant retail sector is essential for a healthy Bermuda, a leading retailer and entrepreneur told the annual Budget Breakfast presented by the Bermuda Chamber of Commerce.
Delight Morris, founder a…

If you are desperately hunting for that hard-to-find part for a toilet or tub, or you need a more efficient way to heat your water, Warwick Plumbing has you covered.
Orrick Smith launched the plumbin…

International General Insurance Holdings Ltd. has reported $9.1 million profit for the quarter ended December 31, 2021, compared with $7.6 million for the same period in 2020.
Profit for the year was …

The RG/BSX Index remained unchanged at 2,610.14 as the only issue trading on the Bermuda Stock Exchange was Argus Group Holdings Ltd., closing unchanged at $6.39 after 1,700 shares changed hands.
In N…

The Argus Group has raised nearly $20,000 for local charities, with the help of its customers.
The funds raised were used to purchase 10,000 antigen test kits for the island’s 32 non-profit organisat…

Digicel is giving customers across the Caribbean and Central America the ability to call and text from their home country to the Ukraine for free from today.
The company said the opportunity is a show…

The government said Thursday that Bermuda’s trade with non-residents resulted in a $164 million surplus for the third quarter of 2021, decreasing $16 million from a year ago.
In making this announceme…

KPMG in Bermuda has added tax directors, Robin Linklater and Saravanan Balasubramani.
The firm said as international tax provisions continue to evolve, they recognise the need to meet the growing dem…

Bermuda reinsurer PartnerRe Ltd. has reported fourth quarter 2021 net income of $362 million, compared to $204 million for the same period of 2020.
For the full year, net income was $679 million, com…

MJM Limited pupil, Safia Gardener, has been called to the bar before Puisne Judge Larry Mussenden.
Thrilled to be one of the newest members, she described it as a privilege.
Ms Gardener said: “This p…

Ascot Bermuda has appointed Devin Page as senior vice-president, casualty/specialty.
Ascot said the new hire brings significant experience to Ascot, spanning both the insurance and reinsurance marketp…

Retail sales figures continue to drop dramatically — down nearly 9 per cent in the year to November, as overseas declarations rose 10 per cent.
The Government said people are back to travelling off th…

Sheena Trott was “blown away” this week when her store, Chef’s Shop, received the International Houseware Association’s Global Innovation Award for retail excellence.
Mrs Trott runs the store at 44 P…