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Bermudian-based Flex LNG Ltd has reported net income of $44.3 million for the second quarter 2022, compared to net income of $55.8 million for the first quarter of the year. The liquefied natural gas shipping company had vessel operating revenues of ...

Telecommunications industry veteran John Townsend has been appointed chief financial officer at the Digicel Group. Immediately prior to joining Digicel, Mr Townsend was CFO — business group at Verizon, and also served in the CFO capacity across vario...

BMS Group, the independent specialist re/insurance broker with an operation in Bermuda, has appointed Germán Torres-Ortíz managing director and head of Caribbean facultative business for BMS Re Latin America and Caribbean. The appointment is effectiv...

Only one issue traded on the Bermuda Stock Exchange Thursday, as the RG/BSX Index remained idle at 2,456.29. BF&M Ltd was unchanged at $24 after 2,000 shares were transferred. On the New York Stock Exchange, the Bank of N.T. Butterfield & Son Limited...

Thirty years after one of the costliest and most consequential natural disasters in American history, the (re)insurance industry is warning legislators and regulators that urgent action is needed to protect against man-made catastrophes. The Associat...

Clarien will adjust its Bermuda dollar base lending rate by 50 basis points (0.50 per cent) on September 1, following the US Federal Reserve rate increase on July 27, the bank has announced. It will mean that Clarien’s BMD$ base lending rates for per...

Retail sales in Bermuda continued their rebound in May, albeit slightly, increasing for the second consecutive month year over year, as reflected in the May 2022 Retail Sales Index. After adjusting for the retail sales rate of inflation, measured...

Legal & General Reinsurance has provided internship opportunities for two Bermudian students this summer, including a placing in the group’s London headquarters. Trae Smith, 22, started at L&G Re in Hamilton on June 7, while Victoria Lindsay spent ei...

Despite elevated catastrophe activity, AM Best’s composite of US and Bermudian reinsurers posted an improved underwriting margin in 2021, with a minimal number of COVID-19-related claims and larger contribution from investment results. The new Best’s...

Bermuda is to be among the ports of call for the delivery trip across the Atlantic Ocean for the MSC Seascape, which has been built by Italy’s Fincantieri ship-building group. The cruise ship successfully completed her first intensive systems tests a...