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The Regulatory Authority is inviting comment on proposed methodologies under consideration for calculating the feed-in tariff. The FIT is the predetermined rate at which renewable energy is purchased by Belco from residential or commercial distribute...

A rating agency has pledged to continue to monitor the status of the strategic review launched this summer by domestic insurer BF&M through to completion. AM Best said it will then evaluate the potential impact to BF&M’s rating fundamentals. The agen...

Bermuda was formally removed from the grey list by the Council of the European Union yesterday, as it added Anguilla, the Bahamas and Turks & Caicos Islands to the black list. The council said in a statement: “The commitment of Bermuda with regard to...

AME Life Lux SA will merge into Monument Assurance Luxembourg SA after receipt of regulatory approval from the Commissariat aux Assurances in Luxembourg. Bermudian-domiciled Monument Re Limited announced yesterday that Monument Assurance Luxembourg ...

The board of directors of Golden Ocean Group Limited has authorised a share buyback programme of a maximum $100 million, to purchase up to an aggregate of 10,000,000 of the company's common shares for a period up to 12 months. The maximum amount to ...

John Wasty, partner and head of Appleby Bermuda’s dispute resolution practice, will speak at the Chartered Institute of Arbitrators’ first Americas Conference on Friday in Miami, Florida. CIArb is an international centre of excellence for the practic...

The RG/BSX Index rose 24.13 (1.03 per cent) to close at 2,375.41 as one issue traded on the Bermuda Stock Exchange. The Bank of N.T. Butterfield Ltd. closed at $33.00, up 45 cents (1.4 per cent) after 335 shares changed hands. The bank rose $1.40 (4....

The man who brought Arbitrade to Bermuda is fighting two new legal challenges, both filed against him and his company and associates last week in two separate jurisdictions. The Securities and Exchange Commission filed charges in the United States Di...

A half-century-old Bermuda insurer, set up in the 1970s to finance the risks of the world’s oil companies, today faces criticism from climate activists for its backing of the most controversial new oilfields in the North Sea. But the company has told...

There appears to be some relief in sight for importers and eventually consumers, as there are signs that the costs of containers across major shipping routes are plunging, The Economist is reporting. Analysts believe it may mean some relief for globa...