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The Regulatory Authority is inviting comment from the public on the proposed change of control of utility Belco. Algonquin Power and Utilities Corporation, a Canadian group, has agreed to acquire Ascendant Group Ltd, parent company of Belco, in a dea...

BF&M Ltd reported net income of $11.9 million for 2019, despite the impact of substantial hurricane claims. The profit fell from $20.2 million in 2018 as operating expenses increased by 9 per cent to $48.6 million. John Wight, the insurer’s group...

HSBC Bermuda has pledged to donate $180,000 to support those impacted by Covid-19. An allocation of $140,000 will be divided among six local charities that support seniors, children and education, single-parent homes, vulnerable individuals and the f...

Shares of Argus Group Holdings Ltd improved four cents, or 1.8 per cent, to $2.29 after 45,000 traded on The Royal Gazette/BSX Index. There was also trading in 100,000 shares of One Communications Ltd, but with no change to the closing price of $4. I...

Rising costs in the health and personal care, food and rent sectors were the main drivers of inflation in January. Consumers paid 1 per cent more in the month than they did a year ago for the basket of goods and services included in the Consumer Pric...

Axis Re, the reinsurance business segment of Bermudian-based Axis Capital Holdings Ltd, has hired the former chief executive officer of Tokio Millennium Re’s UK business to take the newly created position of chief pricing actuary, effective April 20....

The St George’s Marine Expo has been cancelled due to the Covid-19 pandemic, the Bermuda Economic Development Corporation has announced. The fifth annual event was to have taken place on April 26. Ray Lambert, of the BEDC, said the decision was made ...

Corporate lawyers Kit Cunningham and John Small have joined the Bermuda office of international law firm Appleby as associates. Mr Cunningham practices in all areas of corporate and commercial law, including finance, insurance, public and private M&A...

Ascendant Group Ltd has donated $100,000 to food charity The Eliza DoLittle Society. In a statement, the parent company of electricity utility Belco said its contribution was aimed at helping those most impacted by the Covid-19 crisis. “What is clea...

Shares of Argus Group Holdings Ltd gained 2.7 per cent in Bermuda Stock Exchange trading. The insurer gained six cents to close on $2.25 as 23,000 shares changed hands. The most heavily traded stock was One Communications Ltd, which remained unchange...