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British-based insurtech firm Nayms Ecosystems is opening an office in Bermuda. The company believes its smart insurance contracts can be applied to facilitate the underwriting of digital asset risk and to provide a liquid market for insurance-linked ...

Shares of Butterfield Bank were down 82 cents, or 3.27 per cent, at $24.26 on the New York Stock Exchange. Meanwhile, there were no trades on The Royal Gazette/BSX Index, which closed unchanged at 1,829.33. The BSX Insurance Index was up 38.59 points...

Clarien Bank is extending its loan-deferral programme for another three months to assist customers who have been financially impacted due to the Covid-19 pandemic Clients must inform the bank of their intention to opt-in to the payment deferral for ...

In response to the Covid-19 pandemic, a pest control company has pivoted to offer an additional disinfecting service. Using backpack fogging machines and a disinfectant listed by US authorities as effective against human coronavirus, Eco Pest Bermuda...

Insurers and reinsurers are being urged to end all support for new oil and gas projects to help ensure that international climate targets are met. Bermuda’s major role in the reinsurance sector, together with the island’s vulnerability to stronger hu...

Shares of Ascendant Group Ltd fell 0.2 per cent in Bermuda Stock Exchange trading. The parent company of power utility Belco dipped five cents to close on $30.50 as 800 shares changed hands. Ascendant’s shareholders have approved the company’s sale t...

Entrepreneurs on the Ignite Bermuda programme adapted to the changed environment caused by Covid-19 and completed the course with the help of hundreds of hours of online videoconferences. Ignite Bermuda, an incubator for business ideas, had been prep...

Shares of Butterfield Bank improved by 25 cents, or 1 per cent, to $25.25 after 500 traded on The Royal Gazette/BSX Index. In New York, the bank’s shares were down 96 cents, or 3.74 per cent, at $24.72. On the local exchange, shares of BF&M Ltd were ...

Bermuda International Long Term Insurers and Reinsurers has been accepted as a member of the Global Federation of Insurance Associations. GFIA, whose 41 member associations represent 89 per cent of global insurance premiums worldwide, unanimously acc...

A new sanitisation system at a carwash is a fresh addition to its list of services. The Covid-19 pandemic has heightened awareness of the dangers of bacteria and germs — now the Budget-Jet Car Wash and Detailing Service, on North Shore Road, Pembroke...