Log In

Retail sales rose in July on the back of pent-up demand for construction materials and a spike in boat purchases. After adjusting for inflation, retail sales volume was up 1.5 per cent from July 2019. In value terms consumers spent an estimated $105....

More than 700 attendees from 36 countries watched last week’s 2020 Bermuda Tech Summit. The online event, part of Bermuda Tech Week, concluded a thought-provoking three-day event with discussions on digital transformation in the face of Covid-19 and...

Bermudian-based Legal and General Re won in the Life Transaction of the Year category at Trading Risk magazine’s annual awards. L&G Re’s Adverse Mortality Stop Loss cover, executed in December 2019, protects the reinsurer’s US portfolio of mortality...

Essent Group Ltd has increased its credit facility from $500 million to $625 million. The Bermudian-based mortgage re/insurer said the amendment comprised an increase in its revolving credit facility from $275 million to $300 million, as well as the ...

Digicel has redefined itself as a digital operator. It sold call time minutes and data usage as a mobile operator, now it has evolved to become a vendor of “digital experiences”. Oliver Coughlan, Digicel chief executive officer, Caribbean and Central...

Apex Group Ltd plans to acquire FundRock Management Company SA and FundRock Partners Ltd. When the transaction is completed, Apex will reach close to $1 trillion in combined assets across administration, custody, depositary and under management. Apex...

Three business leaders have given an assessment of what Bermuda is doing right in the technology start-up space, and a few things it could do better. They were on a panel at the Virtual Bermuda Tech Summit 2020, discussing the rise of private wealth ...

Rosh Capital Management is to set up a new reinsurer in Bermuda, backed by $600 million of family office capital. Reports in trade publications suggest Rosh Re Ltd will have an investment-oriented approach. Rosh Re’s lead investor, providing $600 mil...

Shares of One Communications Ltd rose five cents, or 1.3 per cent, to $4 after 23,700 traded on The Royal Gazette/BSX Index. Argus Group Holdings Ltd also rose five cents, or 1.8 per cent, to $2.81 after 2,000 shares changed hands. On the New York St...

The need for businesses to be nimble, resilient, flexible, and adaptive during Covid-19 and how boards can help their organisations thrive, will be key topics being discussed at a major business conference next month. The Institute of Directors Bermu...