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In response to the financial impact of the Covid-19 pandemic, the Regulatory Authority of Bermuda is looking to trim its total expenditure budget by 11 per cent to $5,707,225. It is projecting a 10 per cent fall in revenues for the 2021-2022 fiscal y...

One Communications has given more than $40,000 towards supporting the economy and customers through a digital advent calendar. The calendar ran over 24 days starting on November 27 through December 20. Visitors to the calendar had the opportunity to...

Lloyd’s of London is asking managing agents to no longer provide new insurance cover for coal-fired power plants, thermal coal mines, oil sands and new arctic energy exploration. It said is to start phasing out such coverage. In its first Environment...

Major forces reshaping the life insurance and retirement market have been identified in EY’s latest NextWave Insurance paper. The low interest rate environment means product-driven business models of the past cannot keep up with evolving demand, and ...

Bermuda residents who found themselves in Britain for an extended time this year, due to Covid-19 pandemic restrictions and closed borders, may have triggered British tax liabilities as a result. The chances that this happened increase for those who ...

BF&M Ltd shares improved by 50 cents, or 2.6 per cent, to $19.50 after 1,100 traded on The Royal Gazette/BSX Index. There was also trading in 48 shares of Somers Limited, but with no change to the closing price of $15. On the New York Stock Exchange,...

The biggest insurance start-up in Bermuda’s history, Convex Group Ltd, is gaining traction and is looking to bolster its team and its Bermudian operation. That will include hiring and investing in local talent, and a larger office on the island. The ...

Heritage Agency (Bermuda) Limited has donated $1,000 to support Vision Bermuda. Vision Bermuda, formerly known as the Bermuda Society for the Blind, offers a wide range of programs to promote visual health and empower persons who are blind or visuall...

The level of compensation paid to commissioners of the Regulatory Authority of Bermuda is to be reviewed. The RA board of commissioners has given approval for an updated benchmarking review of their remuneration to be conducted by KPMG Advisory Servi...

Undisclosed benefits associated with the use of a corporate aircraft, helicopter trips and tickets and transportation to sporting, fashion and other entertainment events, have resulted in a $450,000 civil penalty for Mark Watson, the former CEO of Ar...