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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)...

A new tele-health business has launched in Bermuda with the aim of reducing the burden of chronic diseases. Lunette Castillo, a nurse practitioner studying for a doctoral degree in leadership to improve health population outcomes, believes TeleCare B...

LOM Financial Ltd bought back 173,065 of its own shares for cancellation during the month of August at an average price of $2.78. The total $481,000 worth of share repurchases during the month were pursuant to Regulation 6.38 of the BSX Listing Regul...

Sompo International Holdings Ltd has appointed Brendan Plessis as executive vice-president, distribution, international insurance. This is a newly created role to develop broker and client relationships, with a focus on growth and potential new busin...

Shares of Butterfield Bank were up 21 cents, or 0.83 per cent, at $25.52, on the New York Stock Exchange. There were no trades on The Royal Gazette/BSX Index, which remained unchanged at 1,827.9. The BSX Insurance Index was up 20.74 points, or 1.43 p...

Nominations are being sought for the 2020 TechAwards, Bermuda’s best in technology in four specific categories: international market innovation, local market innovation, most innovative youth project and most innovative mobile application. Nomination...

The Duchess Café and Gelateria has reopened its doors at the Hamilton Princess & Beach Club. The coffee shop opened for the first time at the beginning of March, just weeks before the island went into lockdown during the Covid-19 pandemic. Following ...

The LF Wade International Airport has earned a top health certification for its Covid-19 passenger prevention measures. Strict protocols including disinfecting bags, installation of Plexiglas barriers, limiting access to the existing terminal face m...