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Bermudian-based Avance Gas Holding Ltd has agreed to sell the 2008-built VLGC Thetis Glory with delivery in February after her current voyage. Avance, which is engaged in the transportation of liquefied petroleum gas, said that following debt repayme...

Bermuda’s newest long-term reinsurer, Martello Re Limited, is backed by major equity partners. The Class E life and annuity reinsurance company, with initial equity of $1.65 billion, has been launched with the financial support of Massachusetts Mutua...

The number of digital asset businesses registered in Bermuda could double in the next six months, according to David Burt, the Premier. Mr Burt added that Bermuda is “gaining momentum" in the digital asset business sector, and that it was essential ...

A UK student campaign with branches at 50 UK universities is seeking an agreement from Stephen Catlin at Convex Insurance – a global insurer with a major presence in Bermuda – to pull away from insuring a controversial Australian coalmine. But Convex...

The UK government has begun public consultation seeking views on how a worldwide 15 per cent minimum corporation tax should be domestically implemented. The consultation seeks views on the application of the global minimum corporation tax in the UK, ...

A longtime gym owner said he “should get something” from the merger of his business with a rival, the Supreme Court heard this week. Assistant Justice Jeffrey Elkinson reserved judgment Tuesday in the matter of Scott Stallard’s claim against defendan...

The RG/BSX Index rose 53.64 (1.97 per cent) to close at 2,782.83 after 6,800 shares traded on the Bermuda Stock Exchange. Bank of N.T. Butterfield Ltd. closed up a dollar (2.5 per cent) at $40.50 after 6,300 shares changed hands. BF&M Ltd. remained u...

Axa XL today announced that Bermudian Nigel Williams has been promoted to the role of vice-president, senior underwriter within the Bermuda excess casualty team. Mr Williams has extensive general casualty experience with Fortune 1000 companies. His n...

Santiago Hernandez has been named CEO of Arch Re Facultative, which is part of Bermudian-based Arch Capital Group Ltd. Mr Hernandez’s ascension was among several promotions in Arch Re Fac’s leadership team that coincide with the retirement of former ...

Sompo International Holdings Ltd, the Bermudian-based specialty provider of property and casualty insurance and reinsurance, has appointed Patrick Corbett as executive vice-president, global head of accident & health, International Insurance. He will...