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The Bank of N.T. Butterfield & Son Limited increased interest rates on loans by half a percentage point (0.5 per cent), absorbing a third of the rise of the 75-basis point increase in the target range of the US Federal Funds Rate. The bank said the c...

Oliver Wyman, the global management consulting firm and business of Marsh McLennan, has announced the opening of a new actuarial office in Bermuda under the leadership of Faisal Haddad. "As demand for our actuarial services continues to grow both in ...

LOM Financial Limited’s net profit for the first half of 2022 fell 90 per cent year-on-year to $823,493. That compares with a profit of $8,052,398 for the same period in 2021. In a letter to shareholders, chairman and CEO Scott Lines said: “In 2021, ...

An American biosciences company has launched Aanika Re in Bermuda with initial backing from Adit Ventures, the global venture capital firm. Aanika Biosciences was accepted into the Bermuda Monetary Authority’s “innovation hub” earlier this year, maki...

Bermudian-headquartered Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a net profit of $28.8 million for the second quarter of the year. That compares with a net loss of $8.2 million for the second qu...

Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has reported net income attributable to common shareholders for the second quarter of $184.6 million. That compares with net income of $181.2 m...

ATN International Inc, the Massachusetts-based parent company of One Communications and Fireminds, has reported a net loss of $500,000 for the second quarter of the year. That compares with net income of $2 million in the second quarter of 2021. The ...

Ascot has announced the launch of a marine cargo and war facility which will provide coverage for vital grain and food products transitioning through safe corridors established by the newly signed Black Sea Treaty between Russia and Ukraine. Placed b...

The announcement by Bermudian-based Fidelis Insurance Holdings Limited that it is to create a managing general underwriter has impacted the ratings of the company and its subsidiaries with AM Best. The ratings agency has placed under review with nega...

The Association of Bermuda International Companies said it will join OutBermuda in celebrating Bermuda Pride 2022 later this month. In a statement Abic said: “As businesses in Bermuda, we strive to ensure that everyone is treated fairly, equitably, a...