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Bermuda-based Nordic American Tankers Ltd has concluded a contract for one of its Suezmax crude oil tankers. The international tanker company said the contract comes just over five weeks after the conclusion of another contract for a Suezmax ship tha...

Polaris Holding Company Ltd., parent company to Stevedoring Services Limited and East End Asphalt Company Limited, has reported more than a half million dollar loss for the 2021 fiscal year ended March 31. Polaris reported year-end losses of $511 tho...

Bermuda-based re/insurance boss Greg Hendrick was among private sector leaders who participated in closed session, cybersecurity discussions at the White House on Wednesday with US president Joe Biden. Mr Biden and Mr Hendrick, who is chief executive...

The value of retail sales jumped 25.4 per cent in April, but largely because much of the island was locked down in the same month in 2020 during the pandemic. Wayne Furbert, the Cabinet Office minister, said the overall volume of local retail sales...

Isla Baillie has been promoted to executive vice president, global head of talent and inclusion for the global commercial P&C operations of Bermuda-based Sompo International Holdings Ltd. In this new role, the specialty provider of property and casua...

Bermuda recorded a first quarter 2021 balance of payments surplus nearly $100 million higher than for the same period the year before, Minister for the Cabinet Office Wayne Furbert has reported. In a press statement, the Minister said: “Bermuda’s tra...

Deloitte Bermuda has promoted James “Jimmy” Caplice to Partner in its Audit & Assurance Services division. The professional services firm said Mr Caplice first joined Deloitte in the United Kingdom in 2004 and has since gained experience working in b...

HSCM Bermuda is among the investors in a $110 million Series C capital raise by DealerPolicy, the insurance marketplace for automotive retail. The US company said the financing round was led by the Growth Equity business within Goldman Sachs Asset Ma...

Bermuda-based Frontline Ltd, the oil tanker shipping company, has reported a net loss of $26.6 million, or 13 cents per basic and diluted share for the second quarter of 2021. The company reported an adjusted net loss of $23.2 million, or 12 cents pe...

The RG/BSX Index closed unchanged at 2,596.69 with no issues trading on the Bermuda Stock Exchange. The BSX Insurance Index remains unquoted, due to technical reasons. The Bank of Butterfield was down 21 cents (0.63 per cent) to $33.30 on the New Yor...