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The private client and trust practice of the Bermuda office of international law firm, Conyers, has maintained its Band 1 ranking in the Chambers and Partners’ High Net Worth Guide for 2021. The firm said the Chambers guide serves as a directory for ...

Digicel Bermuda’s business solutions unit has launched a cybersecurity practice. Kevin Beckett, head of business at Digicel Bermuda, said Digicel Business Protect is a new stand-alone unit that is a partnership between Digicel Business Solutions, For...

The RG/BSX Index closed unchanged at 2,511.61 after 2,253 shares of BF&M Ltd. changed hands. The BSX Insurance Index changed 27.81 (1.60 per cent) to close at 1770.90. The Bank of Butterfield closed down 87 cents (-2.52%) at $33.59 on the New York S...

Borr Drilling Ltd, the Bermuda oilfield services company, has received a letter of award from an international oil company for additional jack-up drilling rig work in Mexico. The company said the programme is expected to commence in the second quarte...

Bermuda’s Financial Policy Council will today discuss the shift toward a globally consistent tax on corporate profits - and how that may impact Bermuda. The FPC’s 17th meeting will be held via teleconference. Consistent with its mandate to provide a...

Veteran insurance executive Dennis Mahoney has joined brokers Oneglobal Bermuda as chairman. The Bermuda resident’s appointment, which has immediate effect, was announced today by London-based parent company Oneglobal Broking. The company said Mr Mah...

Somers Limited has completed the $72.8 million sale of Bermuda Commercial Bank to a new company led by Bermuda resident Chris Maybury. Somers said all conditions relating to the sale, first announced last November, of Bermuda Commercial Bank Limited...

The Stationery Store has launched its latest expansion project: Stationery Store Plus. The new outlet is located on the first floor of the Roger Davidson building on the corner of Reid Street and Burnaby Street, Hamilton, around the corner from The S...

The Bermuda Monetary Authority has announced that the Authority’s Deputy chairman, Donald Scott, has been appointed by the Minister of Finance to serve as chairman of the Board with effect as of 1 October. This will coincide with the departure of Je...

Last week, in part one, we discussed the meaning of share premium, the various ways a company may use share premium and its importance when determining the assessable capital of a company. Today, we will discuss contributed surplus, another frequentl...