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Nordic American Tankers Ltd made a loss of $9.3 million in the first six months of the year, after its second quarter loss of $14.9 million soaked up the $5.6 million profit achieved in the first three months of 2019. The six-month figure is an impro...

Dear Dave, Why do I need a will if I’m still young and haven’t acquired a lot of wealth? Laura Dear Laura, In a case like yours, you don’t need a complicated will. But you do need an inexpensive, basic will. The larger and more complicated your estat...

The Bermuda Monetary Authority is creating a new position of deputy chief executive officer as it prepares for the departure of Jeremy Cox, its executive chairman. The role is positioned as CEO “designate”, with the expectation that the appointee wil...

Not every business needs or can afford a full-time IT expert as part of its team. However, on occasion such expertise is needed and often at short notice. That’s where newly formed Gnosis can step in. The Bermudian-based company provides managed IT s...

Ben Adolph has moved to the Bermuda office of Leadenhall Capital Partners LLP. Leadenhall is a London-headquartered insurance and reinsurance-linked investment manager. Mr Adolph’s transfer from the London office will give Leadenhall’s a senior prese...

Aspiring entrepreneurs seeking to supplement their business knowledge will have the opportunity to do so in a series of courses offered by the Bermuda Economic Development Corporation. “With our restructuring taking place over the last couple of year...

Insured losses in China caused by Typhoon Lekima will be higher than $850 million (six billion yuan), according to estimates by risk-modelling solutions company AIR Worldwide. The typhoon had a peak sustained wind of 112 miles per hour, the equivalen...

The Bermuda office of international fintech firm Circle has begun to advertise for staff. Circle CEO Jeremy Allaire said last month that 30 people would be hired for the operation on-island in the next two years. Now, the first job advertisement has ...

Sadia Wilson has received the Sir Harry D Butterfield Undergraduate Scholarship from Butterfield Bank. Ms Wilson, 19, of Devonshire, is enrolled at the University of Bristol in England, where she is pursuing a Bachelor of Science in cellular molecula...

Shares of Argus Group Holdings Ltd were up 15 cents, or 4.7 per cent, at $3.35 after 3,502 traded on The Royal Gazette/BSX Index. There was also trading in 9,700 shares of Somers Ltd, but with no change to the closing price of 9,700. In New York, sha...