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So certain is Applied Computer Technologies that cloud computing is the future, it has invested close to a million dollars and spent a year creating and testing a fully structured cloud service that is hosted in Bermuda. There are clear advantages to...

The delisting of insurance giant Ace Ltd from the Bermuda Stock Exchange (BSX), which was confirmed yesterday, will have an impact on the numbers for the exchange. However, such delistings are part of the normal course of business for stock exchanges...

A block of ultra-high frequency bandwidth in Bermuda has been freed up, paving the way for it to be used by mobile service providers to improve the delivery of mobile services. World on Wireless (WOW), the wireless subscription television provider, h...

With markets around the world taking a dive on Wednesday, it appeared to be an inauspicious day to be talking up investment opportunities. But at LOM’s lunch meeting to discuss emerging markets, the focus was on developments later this year — and fur...

Bermuda-based Qatar Re now accounts for half of the Qatar Insurance Company’s (QIC) total premium income after its reinsurance premiums rose 116 per cent during 2015. Announcing its full year results, QIC reported a consolidated net profit of $292 mi...

A new Price Rite store opens its doors this afternoon in Warwick, and it is almost twice as big as the original warehouse-style outlet at Mill Reach Road in Pembroke. There is 13,000 sq ft of retail space, predominantly focused on bulk food items, in...

New-style microchipped cards to provide better security are on the way for HSBC Bermuda customers. However, a date when the cards will be introduced has yet to be confirmed. The cards, commonly referred to as “chip and pin”, feature an embedded and e...

Even if a mighty hurricane smashed the Causeway to pieces it would not prevent multinational clients of TeleBermuda International (TBI) from being able to operate from Bermuda with a minimum of fuss and with full access to their online data and commu...

Opening a retail outlet has proven to be a very bright idea for entrepreneur Mike Swan and his team at Encon Bermuda. It has taken three years to turn the idea into reality, but Mr Swan feels it has been worth the wait. The Lighthouse stocks a rang...

Global reinsurance capital has fallen back from its $575 billion peak, recorded in 2014, and is now estimated to be 2 per cent lower at $565 billion. The reason for the $10 billion drop is unrealised investment losses, together with adverse foreign e...