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Bermuda-based international specialty insurer and reinsurer Convex Group Ltd has secured commitments for an additional $1 billion of equity capital. Convex, launched in April 2019 with $1.7 billion of initial committed capital, has now raised $2.7 bi...

The Government has introduced legislation in the House of Assembly that would create a new limited duration test licence under Bermuda’s digital asset business regime. The Digital Asset Business Amendment Bill 2020, if passed, would create a ‘Class T...

Law firm Carey Olsen Bermuda has marked its third anniversary with the announcement that it is to move into larger premises at the Rosebank Centre in Hamilton. Established in November 2017 with a single employee – managing partner Michael Hanson – th...

Bermuda must begin planning for the post-coronavirus world immediately, a business leader has warned. Patrick Tannock, chairman of the Association of Bermuda International Companies, added that for the island’s recovery and economic renewal to progre...

The scope of companies required to register under the Insurance Act is set to expand if legislation introduced by Government in the House of Assembly is passed. The Insurance Amendment (No 2) Act 2020 requires an incorporated segregated accounts comp...

Grieving families are having to put off memorial services for loved ones to a later date due to the Covid-19 pandemic, Bermuda’s funeral directors said yesterday. While funeral homes have been granted essential service status by the Government, and c...

Bermuda’s first privately funded business accelerator has shifted its programme for the entrepreneurial community online. Ignite Bermuda temporarily closed its Wesley Street, Hamilton headquarters three weeks ago, and is now coaching and mentoring it...

A Toronto microbrewery has released a limited-edition beer bearing the name of the island. Bermuda, a double dry-hopped IPA, is available now in bottles at the Bandit Brewery retail store in Toronto’s west end, and at its online shop, which delivers ...

Bermuda’s grocery delivery businesses were unsure last evening whether they will be allowed to continue operating during the 14-day Covid-19 lockdown that begins tomorrow morning. Carl Vincent of DropIt Delivery advised customers in late afternoon th...

Retail sales fell 3.1 per cent in January by volume, making it the 21st month out of the last 23 when sales volume in Bermuda has fallen year-on-year. In value terms, retail sales declined 2.4 per cent to an estimated $84.4 million, a drop of $2 mill...