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Consumers paid 2.5 per cent more in February than they did a year ago for the basket of goods and services included in the Consumer Price Index, the Ministry of Economy and Labour reported today. This level of inflation was the same as the January an...

A winding-up order has been made in the Supreme Court of Bermuda in relation to World on Wireless Limited, the television subscription provider. TeleBermuda International Limited has acquired the business and certain assets of WoW. Joint provisional ...

The Bermuda Business Development Agency’s New York City executive forum, which concluded Wednesday, enabled the Bermuda team to engage in numerous business development meetings with potential New York City prospects, David Hart, the BDA CEO said toda...

AM Best has affirmed the financial strength rating of A (Excellent) and long-term issuer credit rating of “a” (Excellent) of Nectaris Re Ltd, the operating subsidiary of Nectaris Holdings Ltd, both of which are domiciled in Bermuda. The outlook of th...

The Covid-19 pandemic is still causing operational challenges in the shipping industry, Bermudian-based crude oil tanker company, DHT Holdings Inc, has reported. DHT said the pandemic is hampering its seafarers and the ability to change crews at regu...

Cinturion Corp Ltd, the Bermudian-registered global provider of scalable, subsea and terrestrial capacity-based network solutions, has reached an agreement with Lightstorm Telecom Ventures Pvt Ltd as its landing partner in India. As part of the agree...

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermudian-based Lumen Re Ltd. The outlook of these credit ratings is stable. The agency said the ratings reflect Lumen Re...

The “regulatory sandbox” used by Bermuda’s financial services supervisors is proving to be a hit in the fintech industry. There are currently 14 companies with such licenses, including four with test licenses, according to Jason Hayward, the Minister...

Bermudian-based Fidelis Insurance Holdings Limited has joined the Net-Zero Insurance Alliance (NZIA), convened by the UN Environment Programme’s Principles for Sustainable Insurance Initiative. The company said this highlighted its commitment to supp...

Paysafe Limited, the Bermudian-incorporated specialised payments platform, has reported a net loss for the first quarter of $1.2 billion. The company said that due to a sustained decline in Paysafe’s stock price and market capitalisation, as well as ...