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Aspen Insurance Holdings Ltd made an operating loss of $7.4 million, or 34 cents per share, in the fourth quarter, partly as a result of a repositioning of its insurance segment. For the year, the Bermudian-based re/insurer’s net income was $203.4 m...

A ship management company with offices in Bermuda is involved in the building of a potentially ground-breaking gas supply vessel. The ship will be used to deliver liquefied natural gas for refuelling of ships, such as ferries, containers and cruise s...

Bermudian-based Frontline Ltd has acknowledged the decision by DHT Holdings to reject an offer to combine the crude oil tanker businesses. Frontline, which is more than twice the size of DHT in terms of market capitalisation and fleet size, had propo...

A smoothie and juice business that started as a home-based enterprise a few months ago has set up in premises on Elliott Street. The change was necessary after a house move meant there was no longer space at home to prepare juices for clients. In Dec...

A bid by Bermudian-based Frontline Ltd to acquire an independent crude oil tanker company less than half its size, is part of consolidation pressure across the sector. And while the non-binding proposal has been rejected by the directors of DHT Holdi...

Nordic American Tankers made a $1.8 million loss in the fourth-quarter. That equates to a loss of two cents per share. Five analysts surveyed by Zacks Investment Research had estimated the Bermudian-based company would post a break-even result. For ...

It is only February, but it is turning out to be a busy year for Joshua Bate Trading Bermuda. The business is celebrating its 25th anniversary and has just relocated the Bate’s showroom to larger premises. The appliance and building materials compan...

White Mountains Insurance Group reported a $33 million loss in the fourth quarter, compared with a profit of $268 million in the same period in 2015. However, the Bermudian-based financial services holding company made a profit of $413 million for th...

It has not taken long for gourmet popcorn store Savory Kernels to pop up in a second location. The company sprang into business at the end of October when it opened its doors upstairs from Pic a Pet, on Queen Street. Now residents in the east can get...

Bermudian reinsurer Validus Holdings Ltd’s fourth-quarter net income plummeted to $7.8 million, down from $69 million in the same period last year, as it dealt with losses from Hurricane Matthew and an earthquake in New Zealand. The group’s net incom...