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Entrepreneur Joe Vieira has bought QRS, the waste and refuse removal business, from Island Waste Management Ltd. A new company, QRS Ltd, has been formed. Mr Vieira has owned and operated Joe Vieira Trucking Ltd for 25 years. He said: “As a result of ...

The Supreme Court of Bermuda has granted winding-up orders in respect of island-based Genting Hong Kong Limited and its indirect, non-wholly owned subsidiary Dream Cruises Holding Limited. The orders were made in accordance with Section 161 of the Co...

The reinsurance industry must develop more respect for its capital, a leading insurance executive told attendees at Convergence 2022, presented by ILS Bermuda. Albert Benchimol, president and CEO of Axis Capital, said: “The reason we need reinsurers ...

The fundamental question that risk modellers ask has changed dramatically over the years, a speaker told attendees yesterday at Convergence 2022, presented by ILS Bermuda. Jay Guin, executive vice-president and chief research officer, extreme event s...

An annual technology summit is growing in its importance to Bermuda’s ambitions in the technology sector and strengthening her place as a centre for blockchain and fintech, a leading technology and innovation lawyer has said. Jerome Wilson, Appleby p...

A Bermudian-regulated global life insurance group has formed a strategic partnership with the world’s largest alternative asset manager. Resolution Life and Blackstone said the partnership would support the continued growth of Resolution Life, a lead...

Asset managers globally are expected to increase their ESG-related assets under management to $33.9 trillion by 2026, up 84 per cent from $18.4 trillion in 2021, a new report by professional services firm PwC reveals. ESG assets are on pace to consti...

Leaders must embrace rapid technological change to capitalise on the opportunities it will present, a futurist has said. Sinead Bovell, who is to be a featured speaker at Bermuda Tech Week this month, said: “For so many people, it feels like the futu...

An American organisation with operations in Bermuda has announced the launch of the Diamond Standard Spot Market, enabling free and instant trading of Diamond Standard Coins. The move comes after Diamond Standard closed a $30 million investment round...

Bermuda’s banking sector recorded net after-tax income of $86.3 million in the second quarter of the year, the Bermuda Monetary Authority has reported. The BMA, in its quarterly banking digest, said that it was an increase of 36.6 per cent, or $23.1 ...