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Bermudian-based reinsurer Maiden Re has provided further support to insurtech and artificial intelligence start-up Betterview, which has raised an additional $7.5 million of investment. Betterview, a US company, has now secured investment capital tot...

Butterfield Bank has priced a $100 million registered debt offering. The bank said tonight that the 5.25 per cent fixed to floating subordinated notes, due 2030, was expected to close on or about June 11, 2020, subject to customary closing conditions...

Bermuda is on a list of countries where HSBC Holdings is reconsidering or reviewing its future, according to reports. The HSBC board is pushing for the restart of a restructuring programme and to come up with more radical changes, including the poss...

Butterfield Bank is giving customers the option of deferring loan payments for another three months should they be facing ongoing financial difficulty due to the impact of Covid-19. The offer is for existing customers who have personal loans and mort...

Shares of Ascendant Group were down 40 cents, or 1.3 per cent, at $30.60 after 400 traded on The Royal Gazette/BSX Index. One Communications Ltd improved by five cents, or 1.3 per cent, to $3.90 after 200 shares changed hands. Butterfield Bank was up...

Bermuda-qualified corporate lawyer Sheba Raza has joined Carey Olsen in London to expand the law firm’s Bermuda law capabilities in the UK. She was previously a counsel with Conyers for 13 years, and is the first Bermuda-qualified lawyer to be based ...

A $2.2 billion deal to secure a majority interest in Bermudian-based multi-line reinsurance company Fortitude Re has been completed. Institutional investors The Carlyle Group and T&D Holdings have completed the acquisition of a 76.6 per cent interest...

Appleby has announced the promotion of Andrew Kuzma, Jamie Rego, Sam Riihiluoma and Caljonah Smith to senior associate. The promotions represent all practice groups: corporate, dispute resolution and private client and trusts. Mr Rego, Mr Riihiluoma...

After months of Covid-19 lockdown and social distancing, the Bermuda Economic Development Corporation is resuming its business courses. Registration is now open for Entrepreneurship 101. “Once the island went into lockdown as a result of Covid-19, BE...

Argus Group’s shares rose in Bermuda Stock Exchange trading, while shares of One Communications fell. Insurer Argus gained three cents, or 1.4 per cent, to close on $2.24 on the trading of 11,000 shares. Telecommunications group One dipped five cents...