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Bermudian-based retirement services company Athene has agreed to acquire a controlling stake in the consumer-lending platform Aqua Finance in a deal valued at approximately $1 billion. The stake is to be acquired from funds managed by Blackstone Tact...

Bermudian-based Frontline Ltd, the oil-shipping company, has reported a net loss of $33.2 million for the third quarter. The company reported an adjusted net loss of $35.9 million in the set of unaudited results released today. Total operating revenu...

Commercial litigator Dan Griffin has joined the law firm MJM Limited’s dispute resolution team as an associate. Mr Griffin qualified in England and Wales in 2015. Before joining MJM, he practised in the UK, having most recently worked at Tozers LLP,...

Records held by Coldwell Banker Bermuda Realty show that 20 condos have sold island-wide so far in 2021 with approximately 50 per cent of these sales in city or fringe city developments, clearly illustrating that the market has a strong appetite for ...

Gosling’s prized Papa Seal Single Barrel Bermuda Rum 2021 will be available for purchase in Bermuda exclusively from Gosling’s Limited website as of Wednesday. The company said that it will retail at $189 for a 750ml bottle. Also offered is the Ulti...

Bermudian-based Blue Island Technology has launched Blue Lightning, a powerful and flexible cat risk analytics and roll-up engine. BIT said that Blue Lightning combines a rich software framework, powerful deployment options and intuitive visualisatio...

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...