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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 ...

Bermuda Business Development Agency leads an industry delegation to Santiago, Chile and Lima, Peru next week to host executive forums on the value of Bermudian-based captive insurance. The regional outreach includes meetings with prospects and servic...

Setting a retirement savings goal can feel like a crap shoot. How can you calculate your expenses, especially for healthcare, five, 10, 50 years from now? If you’ve punted, you have company. Only 41 per cent of workers have even tried to figure out h...

Dear Dave, One of my relatives just graduated from college with $20,000 in student loan debt. Her boyfriend graduated, too, and he has over $100,000 in student loan debt. They want to get married, so she’s looking for a job. He wants to go to graduat...

An online Bermuda payroll system that automates the new changes to the payroll tax structure introduced by the Bermuda Government has been launched. Bermudian company The Certus Group and CloudSuitePro are behind the new offering that is said to have...

Organisations considering stand-alone cyber coverage should carefully evaluate their risk profile and determine whether more traditional policies provide adequate coverage. That is among the tips offered in a new RIMS Professional Report titled, Cybe...