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The provisional liquidators of a defunct bakery have offered to sell it, a published legal notice has advised. The operators of the Cake Shop at 17 Curving Avenue, Pembroke, notified customers at the end of April that the business was closing down. A...

Darag Group, the international legacy acquirer, has concluded a new agreement with an undisclosed captive insurance company. The transaction structure was a novation of its 03-06 and 15/16 policy years with primarily workers’ compensation reserves, a...

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has sold its Endurance at Lloyd’s run-off business to RiverStone Holdings Limited (RiverStone International). Sompo said that it e...

The RG/BSX Index remained unchanged at 2,454.91 after no activity for the day on the Bermuda Stock Exchange. The Bank of N.T. Butterfield & Son Limited finished the day up 11 cents (0.34 per cent) at $32.88 on the New York Stock Exchange.

The Bermudian principals of the world’s next generation of electric ferries and water shuttles know that the launch will draw a lot of international attention. And with such global scrutiny, they see a huge benefit in ensuring the financial planning ...

The value of global investments into insurtech plummeted by nearly 80 per cent in 2021, a report by London-based data and analytics company GlobalData Technology has revealed. The organisation said the 79.6 per cent drop in investments last year has ...

Bacardi, the Bermudian-based global spirits company, has launched Bacardi Reserva Ocho Rye Cask Finish, the second instalment in the brand’s limited-edition cask finish series. The new aged rum offering rolls out this month as part of the brand's fiv...

Vincent Darrell has won the 2022 Sheila Nicoll Argus Award, a $15,000-a-year scholarship, granted annually for three years. The Argus Group said Mr Darrell will begin his degree in business management and marketing at Solent University, UK, in Septem...

Aspiring entrepreneur Antoine Jones was the big winner as the Bermuda Economic Development Corporation celebrated the conclusion of the fifth annual Summer Student Entrepreneur Programme with an awards and graduation ceremony. In addition to the mone...

Bermudian-based Valaris Limited has been rated the number one offshore driller in EnergyPoint Research’s 2022 customer satisfaction survey covering offshore contract drillers. The company said this annual benchmark survey is the industry standard for...