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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...

AltFi Capital Management Ltd has launched AltFi Capital Opportunities Ltd, a Bermuda Professional Class B fund. Founded and based in Bermuda, AltFi is an alternative investment manager with a specialisation in digital assets. AltFi offers investors ...

The RG/BSX Index jumped 131.40 (5.92 per cent) to close at 2,351.27, as one issue traded on the Bermuda Stock Exchange. The Bank of N.T. Butterfield Ltd. rose $2.45 (8.1 per cent) to $32.55 on BSX trading of 3,096 shares. On the New York Stock Exchan...

Bermuda resident David Hart was still reeling on Friday, after Hurricane Ian brought catastrophic winds to his home state of Florida on Wednesday. Mr Hart, chief executive officer of the Bermuda Business Development Agency, moved to Bermuda a year ag...

A leading catastrophe modeller says Hurricane Ian’s total costs will exceed $100 billion and be the most expensive hurricane Florida has ever seen. And the Karen Clark & Company flash estimate has now put the privately insured losses from the hurrica...

Lindsay Simmons is doing her bit for Bermuda’s economy, and health, by launching a low sugar, fruit juice business. At Front Street eatery, Rosa’s – where she is operational manager – drink sales have improved by 25 per cent since she started selling...

Axa XL Reinsurance has appointed industry veteran Mark Twite as chief executive officer, Bermuda. Mr Twite is to take up his new post on Monday. In the role, he will be responsible for the strategic growth of the business in Bermuda, ensuring capital...

A KBRA rating agency report on credit risks suggests that the Federal Reserve’s “near singular focus over the near term on taming inflation runs the risk of overshooting its goal of curtailing demand, thereby increasing the risk of a hard landing.” T...