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The economy suffered the deepest contraction in living memory last year, the latest statistics revealed last night. The 2020 report on Bermuda’s Gross Domestic Product said the economy contracted by 6.9 per cent in real terms as the Covid-19 pandemi...

A Bermudian-based offshore drilling company has secured two contracts having an approximate aggregate value of $549 million with a state-owned Brazilian multinational corporation in the petroleum industry. Seadrill Limited said that the deals with Pe...

Bermudian-based Monument Re has agreed to sell Robein Leven N.V. and its subsidiary Robein Effectendienstverlening to Chesnara plc through its existing Netherlands-based platform, the Waard Group. The company said Robein Leven is a closed life insure...

Bermudian-based Avance Gas Holding Ltd has reported a third quarter net profit of $4.2 million. That compares with a net profit of $1.5 million in the second quarter of the year. The company, which is engaged in the transportation of liquefied petrol...

Retailers and shoppers are being encouraged to participate in the annual eMonday promotion next week sponsored by the Department of Economic Development and spearheaded by the Bermuda Economic Development Corporation. eMonday was launched in 2010 dur...

With Covid-19 still having an impact on the island, the Royal Naval Dockyard has opted for a little less bustle this holiday season. “Although we love hosting a variety of events for the community every year, we have decided to have a low-key season ...

The oil tanker company Nordic American Tankers Ltd has reported a third-quarter net loss of $44.7 million. Adjusted for an impairment of $8.4 million (non-cash), the net loss was $36.3 million, the Bermudian-based company said. This compares with the...

IncubEx Inc, the company founded by the executive chairman of Bermudian-based Conduit Holdings Ltd, has acquired Insurwave Limited, the insurtech platform. Neil Eckert founded IncubEx in 2016. Conduit Holdings is the parent of Bermudian-based Class 4...

Sompo International Holdings Ltd, the Bermudian-based specialty provider of property and casualty insurance and reinsurance, has appointed Eric J Kox country manager, Germany for its insurance operations in the country. The company also said that it ...

Bermuda Electric Light Company Limited president Wayne Caines has been elected to the Caribbean Electric Utility Services Corporation board of directors. Carilec is an association of electric energy solutions providers and other stakeholders operatin...