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Legislation to enable insurtech experimentation and innovation to be trialled in Bermuda is being tabled today by the Bermuda Government. Not everyone will be able to play in the sandbox environment as eligibility criteria has also been proposed. It ...

More overseas multi-industry executive forums to showcase the island’s world-class talent and myriad business opportunities are being planned by the Bermuda Business Development Agency. Last month the BDA held a cross-sector event in New York, featur...

Funworx, which has a pop-up location at Gombey’s Restaurant and Bar in St Davids, is providing electric scooter tours to guests. The company rents watersports products as well as their newly URB-E electric scooters, which can be used for scavenger hu...

Somerset Bridge Watersports has earned a place in TripAdvisor’s Hall of Fame after achieving certificates of excellence for five consecutive years. The family-run business is now in its 30th year and provides waterskiing and jet-skiing options, kayak...

XL Catlin and new insurtech-focused programme administrator, Bamboo Insurance, have entered into an underwriting agreement to provide property insurance in California. Bamboo Insurance was founded by John Chu, who has worked in the property and casu...

AIG Life Ltd, a UK subsidiary of AIG Life & Retirement, has agreed to acquire Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re. In a statement, American International Group said: “Ellipse’s group protection capab...

KPMG in Bermuda has a new scholarship to be awarded to a Bermudian university student interested in pursuing a non-accounting career with the company. The scholarship will provide assistance towards the completion of an undergraduate or postgraduate ...

Entrepreneurs and those aspiring to create their own business are encouraged to attend a free lunch and learn seminar to find out more about accessing microloans from the Bermuda Economic Development Corporation. The seminar will be next Wednesday, J...

There were no trades on the Bermuda Stock Exchange, but Butterfield Bank’s US-listed shares slid 1.3 per cent. The bank’s shares closed at $47.65, down 63 cents, on the New York Stock Exchange. The Royal Gazette/BSX Index remained on 2,723.21. The ...

Belco has signed a $107.5 million financing deal to fund the construction of the new North Power Station. The utility’s parent company Ascendant Group Ltd said in a statement issued by the Bermuda Stock Exchange that both loans had been arranged by ...