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Frontline Ltd, a Bermudian-based oil tanker shipping company, has entered into an agreement to acquire two scrubber-fitted, latest generation ECO-type very large crude carriers. The VLCCs, built in 2019 at Hyundai Heavy Industries shipyard in South K...

A programme that is free for young Bermudians who want to learn how to start and run their own business will include in-person workshops next month. In the past 20 years, BizCamp has helped more than 1,000 young people to develop and present business...

Argus Group Holdings Limited has reported full-year net income of $10.1 million, down $4.1 million from the previous year. Its total comprehensive income for the year, which includes unrealised gains, was $30.7 million, compared with $3.6 million a y...

Hiscox has reached a settlement with an action group whose members suffered business interruption losses as a result of Covid-19 pandemic lockdowns in Britain between March and July last year. The terms of the settlement between Bermudian-headquarter...

A French mutual insurance group that almost bought PartnerRe, is interested in acquiring Axa XL Reinsurance, according to reports. The deal could be worth about $5 billion. Early last year Covéa, a French non-life mutual, has been on the verge of buy...

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 74 cents, or 2.02 per cent, at $35.95.

HSBC Bermuda is offering free online resources on the bank’s website to support families in teaching their children about financial literacy. The bank said the financial education tools are designed to equip young people with the money management ski...

American Overseas Group Ltd, a Bermudian-based holding company, has reported a net loss of $5 million and an operating loss of $22.4 million for the year ending December 31, 2020. The company also announced that it has exited from the financial guara...

Bermudian students Karina Forth and Chloe Powell have been chosen to participate in the 2021 Chubb Select internship programme. Now in its ninth year, the company said Chubb Select is a well-established insurance internship aimed at talented Bermudia...

Bermudian Cyana Burgess is the recipient of a $30,000 education award from the Bermuda International Long Term Insurers and Reinsurers. Biltir said Ms Burgess, who is interning this summer with life insurer Monument Re, will use the money over the ne...