Business

Daniel Woods has become a Member of the Royal Institution of Chartered Surveyors.
He took a circuitous route to become RICS certified, but he thinks more young Bermudians should consider the prestigio…

Cool Company Ltd, the Bermudian-based liquefied natural gas carrier owner, has reported third quarter operating income of $36.4 million and net income of $36.8 million.
CoolCo achieved average daily t…

Staff at BDA Community Pharmacy in Hamilton fear that rising medication costs may be hitting Bermuda’s seniors the hardest.
“They are usually the people on numerous chronic disease medicines,” head ph…

Buoyed by trading of the Bank of N.T. Butterfield Ltd, the RG/BSX Index rose 26.82 points (1.15 per cent) to close at 2,356.63.
Butterfield finished the day on the Bermuda Stock Exchange at $32.50, up…

Two Bermudian brothers will appear on hit ABC television show Shark Tank, hoping to win the patronage of a big-league business honcho.
Trey and Donovan Brown, sons of former Premier Ewart Brown and P…

You can follow this year’s Bermuda Economic Development Corporation Rocket Pitch competition which starts at 6pm.
Entrants are:
Aaron Lugo Jr’s Lugo’s Mighty Mower, Osheah Douglas’s Smart Snaxx, Naj…

Digicel Group has won the Social Contribution Award at the 2022 World Communication Awards in London.
The award celebrates the service provider demonstrating the greatest positive impact on the marke…

The Bermuda Economic Development Corporation is to host a men-only event as part of its Global Entrepreneurship Week activities.
Next Man Up, a panel discussion, will be held on Thursday from 5.30pm u…

Bermudian-based Flex LNG Ltd, the liquefied natural gas shipping company, has reported net income of $46.6 million for the third quarter of the year.
That compares to net income of $44.3 million for t…

Antares Global Management (Bermuda) Limited has received approval from Lloyd’s to operate as a Lloyd’s in-house coverholder.
This will enable AGML Bermuda to write Lloyd’s business on behalf of Antare…

After hotel school, Bermudian Michael Skinner always intended to come back to the island to work, but opportunities abroad kept presenting themselves.
“I thought I would probably work in hotels overse…

The information and communication technology sector accounted for $190 million or 2.6 per cent of Bermuda’s gross domestic product in current prices in 2021, up from 2.5 per cent a year earlier, the M…

The RG/BSX Index slipped 2.57 points (0.11 per cent) to close at 2,329.81 as LOM Financial Limited traded down 35 cents (6.4 per cent) at $5.15 on the exchange of 25,000 shares on the Bermuda Stock Ex…

FoodHub and FourStar locations has ceased automatically giving out utensils and napkins, the organisation has announced.
They said the initiative, an effort to help the planet and decrease their envir…

The spectacular collapse of FTX Trading Ltd, the world’s second largest crypto currency exchange, has prompted the Bermuda Monetary Authority to issue a warning to consumers – understand a product and…

AM Best has affirmed the ratings of two Bermudian-domiciled captive insurance companies for Schlumberger Limited, a global technology company in the energy industry.
The agency has affirmed the financ…

Bermudian-based SFL Corporation Ltd, one of the world’s largest ship-owning companies, has reported a net profit of $49.9 million in the third quarter of the year.
Announcing its preliminary financial…

A former official in the administration of US president George W Bush has been appointed to the board of Partner Re Ltd.
Reuben Jeffery III, appointed as an independent director, served as Under-Secre…

Bermuda International Long Term Insurers and Reinsurers chairwoman Natasha Scotland Courcy and executive adviser Curtis Dickinson, the former finance minister, were delegates at the International Asso…

More than 60 per cent of Caribbean corporate directors surveyed say environmental, social and governance issues are at least somewhat linked to their business strategy, and they acknowledge its financ…

The parent of a Bermuda-based fintech company has stopped permitting customer withdrawals and had its California lending licence suspended in the wake of the spectacular collapse of crypto trading pla…

The parent of a Bermuda-based fintech company has stopped permitting customer withdrawals and had its California lending licence suspended in the wake of the spectacular collapse of crypto trading pl…

Local law firms Appleby, Conyers, Carey Olsen Bermuda Limited, Wakefield Quinn and Walkers have all received Tier 1 rankings from international legal directory Legal 500 Caribbean.
Appleby and Conyers…

Yesterday was Armistice Day, a time set aside in Bermuda and elsewhere to commemorate and remember all who died during the First World War (now more than 100 years ago), and the Second World War, in t…

Dear Dave,
I live with my boyfriend, and we have a baby together. I brought debt into the relationship, and I’m using your debt snowball method to pay it off, but he is debt-free. We have quite a few …

Island Restaurant Group has acquired Bolero Brasserie, and will bring it under its umbrella of Bermuda restaurants, the organisation said this weekend.
IRG owns Barracuda Grill, Hog Penny, Pickled Oni…

The RG/BSX Index fell 104.58 points (4.48 per cent) to 2,332.38 for the week, as the Bank of N.T. Butterfield & Son Limited fell $1.95 (5.7 per cent) to close at $32, after 859 shares traded on th…

Bermudian and island-based technology innovators have been celebrated at the annual Tech Innovation Awards hosted by the Bermuda government’s Economic Development Department.
TechAwards judging panels…

An Enstar Group Limited wholly-owned subsidiary has closed its loss portfolio transfer transaction with speciality insurance underwriter Argo Group International Holdings, Ltd, to reinsure a number of…

Bermudian-based Ariel Re has joined the local chapter of the Insurance Supper Club, an organisation supporting the retention and development of women in the insurance industry.
ISC was set up in the …

The Bermuda Chamber of Commerce “Christmas Wine Fest” at The Bermuda Society of Arts (City Hall Arts Centre) December 1 will feature Bermuda’s leading wine distributors.
Attendees can sample 36 diffe…

Valaris Limited, the Bermudian-based offshore drilling services company, has appointed Catherine J Hughes to its board of directors.
Ms Hughes will also serve on the board’s environmental, social and …

Ascot, the Bermudian-based specialty re/insurer, has appointed Jon Mosby as senior vice-president, head of Inland Marine.
Mr Mosby will be responsible for managing Ascot’s US Inland Marine portfolio a…

Strategic Risk Solutions has been named European Captive Manager of the Year.
SRS received the award in Luxembourg from Captive Review, the monthly publication that focuses on the concerns and interes…

Ben Ryan has joined Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, as a senior broker within the non-marine retrocession & property…

RenaissanceRe Holdings Ltd has promoted two long time employees to senior appointments, effective January 1.
David Marra becomes EVP, group chief underwriting officer and chief executive officer of Re…

PartnerRe today reported on the “significant industry event” that was Hurricane Ian, but said the net loss attributable to common shareholder of more than $1.5 billion for the first nine months of the…

The RG/BSX Index finished unchanged at 2,332.38, with no trading for the day on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited closed on the New York Stock Exchange down 54…

The Bermuda Monetary Authority has launched a campaign ‘Deposit It or Exchange It’ to remind the public that, from December 31, they will have one year to deposit or exchange the horizontal Bermuda do…