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Diamond coins issued in an offering regulated by the Bermuda Monetary Authority have increased in value dramatically since their $25 million IPO in March. About 5,000 Diamond Standard Coins were sold in the IPO for $5,000 each. The coins are now valu...

A key industry conference has been cancelled because of concerns around the Covid-19 pandemic. Convergence 2021, presented by ILS Bermuda, was to have been held as a hybrid in-person and virtual event on October 6 at the Hamilton Princess and Beach C...

A new men’s store is to open in Hamilton on Friday. Waterfront Man will open its doors at 10am in the location of the former AS Cooper’s Man shop at 29 Front Street. The new shop is owned by the Waterfront Group of Companies. The Waterfront Group sai...

Tenant demand for residential rental properties is outstripping supply, a real estate agent has revealed. Adam Birch, of Coldwell Banker Bermuda Realty said: “As an agent, my rental inventory tends to fluctuate around 15 listings at any given time, s...

A Bermuda-based fintech company has completed its first physical cryptocurrency trade on 24 Exchange, its institutional grade trading platform. 24 Exchange Bermuda Limited said the trade makes it the only global platform offering both crypto and FX t...

A major institutional shareholder in Bermuda-based Argo Group International Holdings Ltd has called on its board of directors to commence a strategic alternatives process and objectively consider a sale of the full company. In a letter sent to the Ar...

In a normal year, wine educator Christian Esser travels more than 100,000 miles to share his knowledge and passion for wine. But this isn’t a normal year, and so Mr Esser is looking forward to a 1,300-mile trip to Bermuda next month, the first away f...

Damage caused by Category 4 Hurricane Ida is expected to result in an insured loss of between $15 billion and $25 billion, Zurich-based Twelve Capital AG has estimated. The company is an independent investment manager specialising in insurance invest...

Just a day after releasing the April Retail Sales Index report, the Minister for the Cabinet Office yesterday reported May figures showing an overall volume increase of 10.4 per cent year-over-year. That figure was arrived at after adjusting for the ...

Bermuda-based re/insurance boss Greg Hendrick was among private sector leaders who participated in closed session, cybersecurity discussions at the White House on Wednesday with US president Joe Biden. Mr Biden and Mr Hendrick, who is chief executive...