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HSBC Bermuda will permanently shut its Church Street branch at the end of June – and until then it will be used for by-appointment safe-custody services only. HSBC said staff working there would be redeployed to support the Harbourview Centre, St Geo...

The US Federal Emergency Management Agency (Fema) has now secured the $450 million upper-target for its new FloodSmart Re Ltd. (Series 2022-1) catastrophe bond, Artemis has reported. FloodSmart Re Ltd is Fema’s Bermuda-domiciled special-purpose insur...

Fintech company 24 Exchange Broker Limited has been licensed by the Bermuda Monetary Authority to begin operating as a digital asset service vendor. The company is a new affiliate of Bermudian-based 24 Exchange, which said the licence further cemente...

Apex Group Ltd, the Bermudian-based global financial services provider, has been appointed to provide fund administration services to Adit Ventures’ new Irish Investment Limited Partnership fund structure. Apex said it was providing services includin...

Bermudian-based Argo Group International Holdings Ltd, an underwriter of specialty insurance products, has completed the sale of Argo Seguros Brasil S.A. to Spice Private Equity Ltd. “The closing of this transaction is another definitive step as Argo...

The RG/BSX Index closed at 2,647.57, unchanged for the day, after one issue traded on the Bermuda Stock Exchange, Argus Group Holdings Ltd., (25,200 shares) which closed unchanged at $6.39. In New York, the Bank of N.T. Butterfield Ltd. finished 35 c...

Aircare sales consultants Reggie Weeks and Marlyn C Kelch have achieved the 2021 Linc Diamond Award for outstanding sales performance, again. The pair were named the winners at the annual All-Star Diamond Event honouring top sales performers and empl...

Borr Drilling Limited, the oilfield services company, has reported a net loss of $46.1 million in the fourth quarter of 2021. That is an increase of $13.5 million compared with the loss in the third quarter last year, the Bermudian-based company said...

SFL Corporation Ltd, one of the world’s largest ship-owning companies, has reported a net profit of $80.1 million in the fourth quarter of 2021. The Bermudian-based company, announcing its preliminary financial results, said it had operating revenue ...

Flex LNG Ltd, the liquefied natural gas shipping company, has reported record net income of $69.4 million in the fourth quarter of 2021. That compares with net income of $32.8 million in last year’s third quarter and contributed to 2021 full-year net...