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Cyril Whitter has become the first honorary board member of the Association of Bermuda International Companies (Abic). His appointment was among seven made by Abic to its board of directors, including two past recipients of the organisation’s educati...

Bermuda needs to “shatter the misconception” that it is a place where capital “goes to hide” and reposition itself as a place where capital goes to grow, an international companies leader said yesterday. Patrick Tannock, the chairman of the Associati...

Bermudian lawyer Cameron Adderley is to retire from Appleby after more than 21 years as a partner with the international law firm. Mr Adderley, who is to bow out on March 31, has served as office managing partner in the Hong Kong branch of the firm s...

Bermudian-based Signet Jewelers Limited, the world’s largest retailer of diamond jewellery, has reported sales of $1.5 billion in the third quarter of fiscal year 2022. That is an increase of more than $235 million from the third quarter of fiscal ye...

Bermudian-based Apex Group Ltd, the global financial services provider, has been appointed to provide fund administration and middle-office services to the life insurance company of Azimut Group. Apex said that Italian-based Azimut is one of the lead...

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...

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 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...

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...

Bermuda-based offshore drilling company Seadrill Limited has announced that a new, independent, seven-member board of directors will assume leadership of the new parent company of the Seadrill group upon emergence from Chapter 11. The company said th...