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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...

The RG/BSX Index rose 0.91 of a point (0.04 per cent) to close at 2,456.29 after four issues traded on the Bermuda Stock Exchange. The Bank of N.T. Butterfield Ltd was unchanged at $34 after 600 shares changed hands. Argus Group Holdings Ltd was unch...

Bermudian-based Hoegh LNG Partners LP reported a fivefold increase in net income during the second quarter of the year compared with the prior year period. The floating liquefied natural gas service provider reported net income of $13.1 million compa...

Lombard International Group announced today that it has entered into a definitive agreement to sell its US and Bermuda business to BroadRiver Asset Management and its affiliated entities. Lombard International is a market leader in insurance-based we...

Healthcare reform in Bermuda may be up to a decade away, a veteran insurance executive has advised. John Wight, the group chief executive officer of BF&M Limited, said that timeline is consistent with healthcare reform that has taken place elsewhere....

Bermuda’s street life is filled with people lacking real identity and purpose, says hardworking plumber David Wilkinson. He sees a study of hopelessness in some and a society trying to come to grips with unacceptable criminal violence. He wants to be...