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Cryptofinance company XBTO International, which is incorporated in Bermuda, has donated $50,000 towards the cost of running the Bermuda Hospitals Board’s vaccination clinic. It made the donation in response to an appeal by the Bermuda Hospitals Chari...

Disgraced American fraudster Bernie Madoff, who operated a $17.5 billion Ponzi scheme has died in prison, at 82. The scheme was the largest in history, and collapsed in 2008. Bernard L. Madoff Investment Securities LLC, which Mr Madoff founded, was l...

The technical managers of the giant container ship that blocked the Suez Canal for six days last month have expressed disappointment that the waterway’s owner has now begun arrest procedures against the ship. Bernhard Schulte Shipmanagement, which ha...

The Bermuda Monetary Authority is to increase its focus on climate change matters with the introduction of a regulatory and supervisory team specialising in the licensing and supervision of innovative business model proposals to address climate chang...

Athene Holding Ltd has closed a significant pension risk transfer transaction in connection with American department store chain JCPenney's pension plan termination. Under the terms of the transaction, the Bermudian-based financial services company s...

Three speakers from Bermuda will take part in the Island Finance Forum 2021, an online event, this week. Among them will be finance minister Curtis Dickinson. The four-day forum features speakers from islands around the world. Topics being discussed ...

The Digicel Group, of which Digicel Bermuda is a part, has announced a $500,000 donation of “much needed items” to support relief efforts in St Vincent & the Grenadines caused by the Le Soufriere volcanic activity. The volcano erupted on Friday, a da...

A $1.9 million donation to the Bermuda College Foundation is among the highlights of the 2020 Corporate Social Responsibility Report released by Athene Holding Ltd. The donation by the Bermudian-based financial services company, announced in October,...

Elementum, an alternative investment manager specialising in risk-linked investments, with principal offices in Bermuda and Chicago, has announced a new hire and a promotion. John Drnek is joining as general counsel, Elementum (Bermuda) Ltd, this mon...

Bermuda is a hub for international business, which is one of the top contributors to our economy and a source of jobs to many residents of the island. To facilitate the activities of international business, numerous entities are incorporated or forme...