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A high-level audit at Bermudian-based IT support and cloud hosting provider Oxygen has affirmed its information security practices, policies, procedures and operations meet Service Organisation Control (SOC) 2 standards. The standards are for securit...

Digitised Bermuda dollars could be created in the future. The Bermuda Government is keen to attract innovators looking to digitise the island’s currency. The ambition places Bermuda in a vanguard of nations, including the United States and China, who...

I was driving home in the car and a young man on a bike came with two paint coats of my offside rear corner. I had seen him behind me a few minutes beforehand and he was a fair distance going at my speed. Then whoosh! Slightly faster than the speed o...

Serving the Servers, an initiative to help restaurant staff hit hard by the effects of the pandemic, will make its final distribution to workers this week. The initiative was conceived by Thomas Olunloyo, chief executive officer of Legal & General ...

Shares of Butterfield Bank were up 25 cents, or 1 per cent, to $25.25 after 516 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, the bank’s shares were up 34 cents, or 1.35 per cent, at $25.49. On the local exchange, there was t...

The Regulatory Authority is inviting members of the public, electronic communications sectoral participants and sectoral providers and other interested parties to comment on a proposed change of control notification request from Transact Ltd. It is p...

Digital data is the future for insurance and reinsurance if the sector hopes to achieve efficiency gains and other benefits, according to Whitespace Software Ltd. The company has celebrated the first anniversary of the start of trading on the Whitesp...

Bermudian-based run-off specialist Fleming Re has agreed to acquire Sinclair Insurance Company, a captive insurer domiciled on the island. Sinclair, which was incorporated in 1985, has provided workers’ compensation, general and products liability an...

Bermuda International Long Term Insurers and Reinsurers has appointed Kevin Hovi to its board of directors. Mr Hovi is chief financial officer of Kuvare Life Re Ltd. Prior to his role at Kuvare Life Re, he was CFO at Longitude Re. He previously worke...

CrossTower, a new exchange operator, has been granted a license by the Bermuda Monetary Authority under the Digital Asset Business Act. The company has a Class M licence, making it one of the first major cryptocurrency exchanges to receive such a per...