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American Overseas Group Ltd has reported consolidated net income of $1 million, or $20.81 per diluted share, for the three months ended March 31. This compares to net loss of $800,000, or $17.97 per share, for the same period a year ago. The Bermudia...

Bermudian-founded global financial services provider Apex Group Ltd has been confirmed as the successful bidder in the acquisition of Mainstream Group Holdings Limited. The board of Australian-based Mainstream announced acceptance of Apex’s offer of ...

The inflation rate edged up to 0.9 per cent in April. Commenting on the Consumer Price Index report, Wayne Furbert, Minister for the Cabinet Office, said: “In April consumers paid 0.9 per cent more than they did in April 2020 for a basket of goods an...

Bermuda Press (Holdings) Ltd made a profit of $399,000 for the six months ended March 31. That compares to a net loss of $110,000 for the same period a year ago. Operating revenues fell by $1.02 million, or 9 per cent, to $10.06 million for the six m...

Legal & General Reinsurance’s chief executive officer Thomas Olunloyo is relocating from Bermuda to the United States after leading the company for the past four years. Mr Olunloyo is joining Legal & General America as deputy CEO and executive vice-...

A charity boss has expressed her appreciation after participants in Ignite Bermuda’s young adult entrepreneurial internship programme supported her non-profit organisation with a brainstorming workshop. Ignite said the workshop was aimed to demonstra...

There were no trades on Royal Gazette/BSX Index, which closed unchanged at 2,559.18. On the New York Stock Exchange, shares of Butterfield Bank were down 10 cents, or 0.28 per cent, at $35.45.

The Bermuda Stock Exchange is to join the Pyth Network, a decentralised financial market data distribution platform. The BSX said it has subscribed to and will receive real-time market data from the MIAX Pearl Equities Exchange and plans to provide m...

BMS Re, the independent reinsurance broker, has appointed Shruti Sem as executive vice-president in the origination team at BMS Re, effective immediately. Based in Philadelphia, Ms Sem will report to Jeff Irvan, chief property officer of BMS Re in th...

TAI, a provider of reinsurance administration software and services with clients in Bermuda, has launched TAI Treaty. The company describes the new product as “a revolutionary digital solution for treaty management”. It said TAI Treaty leverages Sort...