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Bermuda-based re/insurance boss Greg Hendrick was among private sector leaders who participated in closed session, cybersecurity discussions at the White House on Wednesday with US president Joe Biden. Mr Biden and Mr Hendrick, who is chief executive...

The value of retail sales jumped 25.4 per cent in April, but largely because much of the island was locked down in the same month in 2020 during the pandemic. Wayne Furbert, the Cabinet Office minister, said the overall volume of local retail sales...

Isla Baillie has been promoted to executive vice president, global head of talent and inclusion for the global commercial P&C operations of Bermuda-based Sompo International Holdings Ltd. In this new role, the specialty provider of property and casua...

Bermuda recorded a first quarter 2021 balance of payments surplus nearly $100 million higher than for the same period the year before, Minister for the Cabinet Office Wayne Furbert has reported. In a press statement, the Minister said: “Bermuda’s tra...

Deloitte Bermuda has promoted James “Jimmy” Caplice to Partner in its Audit & Assurance Services division. The professional services firm said Mr Caplice first joined Deloitte in the United Kingdom in 2004 and has since gained experience working in b...

HSCM Bermuda is among the investors in a $110 million Series C capital raise by DealerPolicy, the insurance marketplace for automotive retail. The US company said the financing round was led by the Growth Equity business within Goldman Sachs Asset Ma...

Bermuda-based Frontline Ltd, the oil tanker shipping company, has reported a net loss of $26.6 million, or 13 cents per basic and diluted share for the second quarter of 2021. The company reported an adjusted net loss of $23.2 million, or 12 cents pe...

The RG/BSX Index closed unchanged at 2,596.69 with no issues trading on the Bermuda Stock Exchange. The BSX Insurance Index remains unquoted, due to technical reasons. The Bank of Butterfield was down 21 cents (0.63 per cent) to $33.30 on the New Yor...

Bermuda-based global financial services provider Apex Group Ltd appears on pace to complete a $2.07-billion (1.51-billion pound) acquisition of British asset management services provider, Sanne Group Plc. A joint statement said they reached an agreem...

The generosity of a neighbouring property owner is helping to keep popular Hamilton restaurant La Trattoria operating, its general manager said. Nicola Russo said use of the courtyard that was once occupied by Spring Garden restaurant was offered to ...