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The number of mergers and acquisitions using private-equity investment in Bermuda has rocketed to $3.3 billion, according to a new report. The deals included one of the top five offshore investments of the year — a $1.5 billion purchase of a minority...

A new-look café has opened at the Botanical Gardens. And now The Garden Café at the visitor centre in the gardens is to hold a special opening ceremony next Friday to celebrate. Owner Feronika Suhartono said she decided into to move into the café aft...

Enstar Group Ltd is forming a new Bermuda-based reinsurance company to assume some of its risks. Aligned Re Ltd is expected to be funded by third-party capital along with investments from the Enstar, which recently contributed $100 million, according...

Bermuda Aviation Services (BAS) announced net earnings of $1.2 million in the six months to the end of September. The figure is down from $1.4 million for same period last year, which the company said was due to “delays in the commencement of large p...

A total of 61,160 shares worth about $232,083 traded on the Bermuda Stock Exchange (BSX) today. Insurance firm Argus Group went up 17 cents (4.5 per cent) after 55,349 shares traded to end the day at $3.98. The Bank of Butterfield was down nine cents...

Argus Group has donated $10,000 to the Bermuda Mental Health Foundation (BMHF) to help it increase awareness of mental health disorders and create more housing for residents it assists. The insurance company committed to donating to the charity for e...

Ironshore has opened an office in New Zealand, the Bermuda-based insurer announced last night. The office, in the city of Auckland, will operate as a branch of Ironshore Australia, led by Katherine Simmonds, managing director of the Sydney-based oper...

Bermuda financial services firm KPMG has won a top award in an international scheme to recognise good management. KPMG got gold accreditation by the standard-setting authority Investors in People after notching up 179 evidence points — 14 points abov...

A new store with an emphasis on green and organic products has opened its doors. Earth Fare Market aims to provide a massive range of products — with an all-natural touch. Jahmali Bridgewater, who works behind the counter at the new Front Street stor...

The final video in a campaign to highlight the international business sector’s importance to the Island’s economy has been released. The video features a job interview and the camera swoops through the office, showcasing the other sectors of the econ...