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Steven Beadle and Chen Foley have been promoted to new positions within the Bermuda office of Liberty Specialty Markets. Mr Beadle has been named chief financial officer of LSM’s Bermuda operation, while Mr Foley has become head of Bermuda claims. Bo...

Just a week after it commenced operations, more than 200 people have registered online to use a new grocery delivery business. DropIt Delivery, which launched last Tuesday, offers access to 10,000 items in the inventory of Lindo’s grocery store in Wa...

Bermuda’s 13-month run of declining year-on-year retail sales has been halted. Figures released today revealed that the overall volume of retail sales increased by 0.5 per cent in April after being adjusted for inflation, which was 1.6 per cent durin...

Shares of LOM Financial gained ground on high volume in Bermuda Stock Exchange trading. The investment firm climbed five cents, or 1.8 per cent, to close on a new 52-week high of $2.80 as 80,000 shares changed hands. LOM was the only stock to trade o...

Sometimes it really pays to read the fine print. During the month of May, Joshua Bate Trading Company offered a $500 cash prize, or $750 in store credit, to potential customers who read the fine print in their terms of sale agreement. If they read t...

Convex Group Ltd, the new Bermudian-based insurer launched by industry veterans Stephen Catlin and Paul Brand, has signed a contract with an outsourcing company to deal with its back-office needs. The agreement entails Indian-based WNS (Holdings) Ltd...

Wine enthusiasts and professionals working in wine-related industries will have the opportunity to uncork their expertise later this year in courses presented by Gosling’s Brothers Ltd. Wineschool3, the Cayman Islands-based provider of the internatio...

No shares were traded on the Bermuda Stock Exchange. The Royal Gazette/BSX Index closed unchanged on 2,222.6. The BSX Insurance Index gained 16.63 points, or 1.03 per cent, to close on 1,626.37. Butterfield Bank’s US-listed shares gained 15 cents, or...

Bermuda’s 13-month run of declining year-on-year retail sales has been halted. Figures released today revealed that the overall volume of retail sales increased by 0.5 per cent in April after being adjusted for inflation, which was 1.6 per cent durin...

US insurer Liberty Mutual has utilised its Bermudian special purpose insurer Limestone Re Ltd to raise $240 million of new reinsurance capacity. The company said in a press release that the transaction was comprised of $135 million of Bermuda Stock E...