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Jewel, Bermuda’s new digital bank for global digital asset institutions, has partnered with blockchain development ecosystem, Polygon, to issue its Jewel USD stablecoin, Asset Servicing Times has reported. The bank is the first to be licensed to issu...

The Association of Bermuda International Companies completed its 2022 Annual General Meeting at O’Hara House, with Wayne Smith taking over as the new executive director from the retiring Richard Winchell. Mr Winchell, who occupied the seat for 16 yea...

Felix Edgren has been named Apex Group Ltd. regional head of corporate product – Nordics, effective today. Based in Sweden and reporting to HP van Asselt, global head of corporate products & growth, Mr Edgren will be responsible for leading the deliv...

Bunge Limited, the American agribusiness and food company, has announced that its board of directors has unanimously approved moving its place of incorporation from Bermuda to Switzerland. Under the proposal, Bunge would become a Swiss corporation. T...

After five days of hearings last week, the Court of Appeals will entertain final written submissions in an appeal of a lawsuit that saw a unit of Credit Suisse end up on the wrong side of a $600 million judgment in the Supreme Court. And the appeals ...

A Bill that aims to update the classification of securities — financial instruments such as any share of stocks on a company, bonds or debentures — under the Bermuda Monetary Authority Act 1969 was passed in the House of Assembly on Friday. In readin...

The board of directors of Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has approved an increase in the size of the company’s existing share repurchase authorisation to $400 million. Brian ...

A legal case involving the Spice Girls was cited by a lawyer as he attempted to fight a $550 million Supreme Court judgment against a Bermuda unit of one of the world’s largest investment banks. The Court of Appeal hearing is the next chapter in the ...

A Bermudian-based shipping company is to hold a special general meeting on the island this month to seek shareholder approval for its redomiciliation to Cyprus. Frontline Ltd, which is engaged primarily in the ownership and operation of oil tankers a...

Bermudian-based Signet Jewelers Limited, the world’s largest retailer of diamond jewellery, has reported GAAP operating income of $48.4 million for the 13 weeks ended October 29. The company said that third-quarter fiscal 2023 result was down from $1...