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Japanese giant Sompo has completed its takeover of island-based insurance and reinsurance firm Endurance Specialty in a $6.3 billion deal. Now Endurance will be integrated into Sompo Holdings through the creation of Sompo International, which will be...

A baker specialising in pies is to open officially tomorrow. The Pie Factory, which was based in Pembroke for more than 20 years, now operates from a new premises, complete with a store, at 6 Parliament Street And owner Sonia Furbert said the fresh s...

Massive car transporter ships have been banned from Hamilton Harbour during the American’s Cup on safety grounds. But car dealers on the island said the cancelled visits in May and June would have a minimal effect on supplies of vehicles on the islan...

A luxury vacation home concierge service is making life easier for Bermuda homeowners and their guests. Crown Point — Luxury Vacation Homes Concierge has grown in the past few years as more homeowners have opted to rent out studios, apartments and ho...

Utilities fared well while financial-services companies did not in Bermuda Stock Exchange trading last week. Ascendant Group, the owner of power company Belco, was the market’s best performer, gaining 30 cents, or 4.2 per cent, to close on a 52-week ...

Jonathan Kent, Business Editor A UK-based developer of IT services has listed more than $8 million of debt securities on the Bermuda Stock Exchange. Scisys Plc’s two tranches of sterling-denominated securities have a combined value of £6 million, whi...

Oil Insurance declared a $62 million underwriting loss for last year at its annual meeting last week. The company said, after including net investment income and administrative expenses, net income for the year totalled $210.4 million. Oil’s board of...

Offshore law firm Appleby has made a total of four new appointments in its Bermuda office. The new counsel appointments include Jennifer Eve in the corporate department. Megan Denos is in knowledge management, Ashley Fife is in private client and tr...

An island-based IT firm has become an official supplier to the America’s Cup. CCS Group will be the official information and communications technology supplier to the event. Peter Aldrich, general manager of CCS, said: “We are very excited to be work...

Financial services firm LOM rose 8.7 per cent in Bermuda Stock Exchange trading today. The broker-dealer closed on $2.50 after 10,000 shares changed hands. Insurance company Argus also had a good day, rising 27 cents or 6.4 per cent, to $4.50 as 800 ...