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Bermuda’s current account recorded a surplus of $225 million in the first quarter of 2014, Department of Statistics figures show.This represents an $11 million decrease from the $236 million surplus year-over-year. The report stated that the contract...

Jennifer Looby has been awarded the 2014 RenaissanceRe/Nusum Undergraduate Scholarship. Miss Looby, a Bermuda College graduate, will be attending Kaplan Holborn College/University of London this fall, to complete her Bachelor’s degree in Law. Now i...

Fairmont Southampton has appointed Care@Home Services, a niche domestic staffing firm, as the exclusive provider of babysitting and nanny services for their guests. “We are so very pleased to have partnered with the Fairmont in the provision of this ...

A Bermuda-based energy company has floated a new subsidiary on the New York Stock Exchange, raising $192 million in the process. Höegh LNG Holdings Ltd, which is listed on the Oslo Stock Exchange, formed Höegh LNG Partners LP, a Marshall Islands Mast...

Law firm Appleby has announced its 2014 scholarship and bursary recipients. The partners of Appleby have awarded scholarships and bursaries to qualified Bermudian applicants for more than 35 years. The firm’s Legal Education Scholarship, valued at $...

Bermuda’s insurers and reinsurers are getting better at agreeing terms and conditions with their customers. Yesterday, the 15 participating members of the Association of Bermuda Insurers and Reinsurers (ABIR) reported a record high contract certainty...

By Rebecca Zuill Motor sales are on the upswing, the June Retail Sales Index, released yesterday, shows. The beleaguered ‘Motor Vehicle Stores’ category was among the worst hit sectors during the economic recession, and since the index base year of 2...

Bermuda-domiciled oil tanker operator Nordic American Tanker (NAT) reported that rates for hiring its vessels plunged in the second quarter of this year — but it expects a rebound in the current quarter. NAT said rates achieved for its trading fleet ...