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When it comes to cutting-edge ideas about emerging technologies, Alex “Sandy” Pentland has many people’s ears. So when the man, who has previously been named by Forbes as one of world’s seven most powerful data scientists, came to Bermuda there was a...

A Bermudian-registered investment fund has been ordered by the Supreme Court to wind up because the island’s financial regulator found it had breached several regulations. The Bermuda Monetary Authority petitioned the Supreme Court to wind up Cumulus...

Six stocks traded on the Bermuda Stock Exchange today, as BF&M Ltd and Ascendant Group Ltd advanced. The most heavily traded issue was LOM Financial Ltd, which saw 66,666 shares change hands as its price remained unchanged on $2.50. Ascendant, owner ...

Two students with exceptional academic accomplishments and notable out-of-classroom pursuits, have been chosen for a scholarship and an educational award by the Chubb Charitable Foundation — Bermuda. Leah Smith and Chiyaro Wedderburn are both heading...

Essent Group Ltd has launched a public offering of five million shares. The Bermudian-based mortgage insurer and reinsurer expects to generate gross proceeds of $199.5 million from the offering, equating to $39.90 per share. Essent priced the offeri...

Things are getting brighter every day at OM Juicery — both inside and out. An eye-catching mural now adorns the outside of the kitchen premises on Elliott Street. The artwork was created by six students from Berkeley Institute and it has given the bu...

Broader economic growth and development can be one of the results of more residents investing in listed companies through their national stock exchange, according to a report by the World Federation of Exchanges. And improved financial literacy is on...

Economies of scale have helped Bermudian-based Triton International Ltd benefit from stronger than expected demand for shipping containers. In the second quarter its net income was $45.7 million, or 62 cents per share, compared with $34.6 million for...

Third Point Re has announced a leadership reshuffle, which will see Daniel Malloy take over as chief executive officer of the company’s reinsurance unit. The Bermudian-based company, which is backed by Third Point, a US hedge fund led by Dan Loeb, s...

The annual inflation rate dipped to 1.8 per cent in June, down from 2.4 per cent the month before. The main driver in the increased cost of living was the fuel and power sector, which climbed 11.2 per cent from the year before. This increase was mai...