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The legal system of the nation of Georgia was under the spotlight in the Bermuda Supreme Court yesterday as law experts crossed swords in the $400-million lawsuit pitting former Georgian Prime Minister Bidzina Ivanishvili against Credit Suisse Life (...

Bermudian-based Signet Jewelers Limited, the world’s largest retailer of diamond jewellery, has reported sales of $1.5 billion in the third quarter of fiscal year 2022. That is an increase of more than $235 million from the third quarter of fiscal ye...

Bermudian-based Apex Group Ltd, the global financial services provider, has been appointed to provide fund administration and middle-office services to the life insurance company of Azimut Group. Apex said that Italian-based Azimut is one of the lead...

Member companies of the Bermuda International Long Term Insurers and Reinsurers contribute $500 million in direct and indirect expenditure to the island’s economy annually, research by professional services firm KPMG Bermuda has shown. Biltir said th...

Bermudian-based Frontline Ltd, the oil-shipping company, has reported a net loss of $33.2 million for the third quarter. The company reported an adjusted net loss of $35.9 million in the set of unaudited results released today. Total operating revenu...

Credit Suisse executives had expressed frustration at a top-performing manager’s multiple compliance breaches, it was revealed in Bermuda’s Supreme Court. Sascha Keusch, head of insurance management at Credit Suisse, was testifying remotely on Friday...

Members of Bermuda's digital asset and re/insurance sectors gained insights into a new blockchain-based market solution for insuring digital-asset risk at a breakfast briefing by Bermuda-regulated start-up Nayms hosted in conjunction with law firm Ca...

A Bermudian-based offshore drilling company has secured two contracts having an approximate aggregate value of $549 million with a state-owned Brazilian multinational corporation in the petroleum industry. Seadrill Limited said that the deals with Pe...

Top staff at Credit Suisse Life (Bermuda) had no idea a $400 million call in respect of leveraged shares in a drug development company – a high-risk category of assets – had been made, even though it emerged this week that the company they were leadi...

Bermudian-based Avance Gas Holding Ltd has reported a third quarter net profit of $4.2 million. That compares with a net profit of $1.5 million in the second quarter of the year. The company, which is engaged in the transportation of liquefied petrol...