Log In

Financial services investment holding company Somers Limited has reported net income of $69 million for 2020, that compares with a $9.7 million loss the previous year. It had gains on investments of $60.9 million, up from $4.3 million in 2019. Somers...

Some 70 applications have been received for the 34 spots available in the fourth cohort of Ignite Bermuda, the island’s privately-funded entrepreneurial accelerator. The deadline to apply for inclusion in the cohort is today at midnight. Applications...

Bermuda’s insurance industry is making steady progress in diversity, equity and inclusion, but consultant Rachel Field feels there is still more work to be done. “What we are really talking about is culture change, and culture change takes time,” Ms ...

There was trading in 115,241 shares of One Communications Limited on The Royal Gazette/BSX Index, but with no change to the closing price of $3.95. Meanwhile, on the New York Stock Exchange, shares of Butterfield Bank were up 87 cents, or 2.79 per ce...

Insurance industry veteran Susan Pateras has been elected deputy chairwoman of the board at the Bermuda Business Development Agency. Her appointment is effective immediately. The BDA also announced that board member Fiona Beck has been re-elected as ...

Triton International Limited, the world’s largest lessor of intermodal freight containers, has raised $503 million through an offering of fixed rate asset-backed notes. The Bermudian-based company said it had completed an offering of $479.1 million n...

Kuvare Life Re Ltd has been given an A- (excellent) financial strength rating by AM Best. The life and annuity reinsurer holds a Class E insurance licence from the Bermuda Monetary Authority. It is a subsidiary of Kuvare UK Holdings Limited, and focu...

Veteran insurance executive Mitch Blaser has launched a new Bermudian-headquartered company with the aim of building one of world’s top global specialty insurers. Mosaic, which will target complex risks and use cutting-edge technology to maximise eff...

A monthly charge of $11.25 will be added to bills for One Communications’ television customers after a change in rates to air Bermuda channels, the company has said. The “local programming fee” will apply to people with FibreWire TV packages. A compa...

TC-1, a team from Chatmore British International School, has forged ahead in the KPMG Senior School Investment Challenge. As of January 29, TC-1 had grown its initial $100,000 imaginary portfolio by more than a quarter, to a total of $125,118. In doi...