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The Royal Gazette/BSX Index closed unchanged at 1,837.7, as no shares traded on the domestic board. Among international companies with BSX listings, 11,583 shares of HSBC Holdings changed hands with a value of $48,069.45, as the bank closed on $4.15....

Bermuda International Long Term Insurers and Reinsurers is to stage its annual conference virtually for the first time as a result of the Covid-19 pandemic. The representative body for the island’s long-term insurers said today that the annual Inter...

A retail and office building that has been a fixture of the Hamilton street scene since 1965 has been put on sale for $5.95 million. The Ingham & Wilkinson building, at the eastern end of Front Street, started out as the home of the city’s largest lu...

Speakers lined up for the first virtual Bermuda Captive Conference have been announced. The conference will be online due to Covid-19 pandemic-related restrictions. The three-day event starts next Wednesday. The event had originally been scheduled fo...

BF&M Ltd has sold its majority stake in the Insurance Corporation of Barbados Ltd. Paynes Bay Finance bought the 51 per cent share of the Barbadian insurer. Terms of the deal were not disclosed. BF&M bought the majority stake in 2005 for almost $26 m...

The Island Boat Club is making waves with two new boats in the water, and the opening of membership for those who want to enjoy a boating lifestyle without the expense and hassle of owning and maintaining their own vessel. As an added incentive, the ...

Cruise ship operator NCL Corporation Ltd has listed another $1.2 billion of debt on the Bermuda Stock Exchange. This is in addition to $1.94 billion of debt listings it made on August 13. The company, which operates Norwegian Cruise Line, is a subsid...

DARAG, a leading legacy acquirer, yesterday announced the conclusion of a novation agreement with a leading Cayman reinsurer to provide finality for its US liability books, with the transaction value in excess of $40 million. The transaction has bee...

Online shopping platform Sargasso, which started out as a food delivery service, has boosted its management team with three promotions and three new hires. It is preparing to launch its “Sell On Sargasso” campaign, as part of its shift to supporting ...

The Bermuda Monetary Authority has appointed Gerald Gakundi as director, supervision (insurance). Mr Gakundi has more than 15 years of experience in the insurance industry. After joining the BMA in 2010 as assistant director, supervision (insurance)...