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Island-based oil tanker operator Nordic American Tankers Ltd this morning reported a first-quarter loss of $3.4 million, after reporting a profit in the same period a year earlier. On a per-share basis, the company said it had a loss of 3 cents. Loss...

The former fiduciary arm of law firm Appleby has bought up a Channel Island administration company. Estera, hived off from Appleby in a management buyout in 2015, will now rebrand Guernsey-based Morgan Sharpe Administration to Estera Administration (...

Bermudian-based First Atlantic Commerce has launched a new online billing system in partnership with a firm from Costa Rica. FAC teamed up with Trambia, a Costa Rican tech firm, to introduce Fygaro — invoicing software with built-in security aimed at...

Financial services firm LOM made profits of more than $553,000 last year. The firm’s annual report said its net income increased 291 per cent on the previous year’s $141,528. The report said the firm had won new clients over the year ended last Decem...

Most major financial companies plan to increase partnerships with technology specialists over the next few years, a new report has revealed. Professional services firm PwC found that 82 per cent of global banks, insurers and investment managers expec...

Island-based Bacardi has won a place on a list of the most reputable companies in the world. The company rose eight places to 84th in the annual Global Rep Trak 100 ratings from the Reputation Institute — the fifth consecutive time family-owned Bacar...

OSLO (Bloomberg) — Bermudian-domiciled Seadrill Ltd, once the crown jewel of billionaire John Fredriksen’s business empire, is now at the mercy of short-term speculators as the biggest funds avoid the offshore driller amid a struggle to avoid bankrup...

A top Swiss cybersecurity firm has completed its acquisition of Bermuda’s QuoVadis Holdings. WISeKey, a specialist in the “internet of things” as well as security, said the takeover will reinforce its position as a market leader. Carlos Moreira, chai...

Law firm Conyers Dill & Pearman is to rebrand its international support arm Codan to Conyers Client Services. Narinder Hargun, director and co-chairman of the Bermuda branch of CD&P said: “We have built strong teams in our legal and client services b...

Bermuda notched up one-fifth of all offshore deal value last year. And the island was home to the biggest transaction of 2016, according to Offshore-i, published by law firm Appleby. But the total volume and value of offshore deals was down on the pr...