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Bermuda was formally removed from the grey list by the Council of the European Union yesterday, as it added Anguilla, the Bahamas and Turks & Caicos Islands to the black list. The council said in a statement: “The commitment of Bermuda with regard to...

The board of directors of Golden Ocean Group Limited has authorised a share buyback programme of a maximum $100 million, to purchase up to an aggregate of 10,000,000 of the company's common shares for a period up to 12 months. The maximum amount to ...

The man who brought Arbitrade to Bermuda is fighting two new legal challenges, both filed against him and his company and associates last week in two separate jurisdictions. The Securities and Exchange Commission filed charges in the United States Di...

AltFi Capital Management Ltd has launched AltFi Capital Opportunities Ltd, a Bermuda Professional Class B fund. Founded and based in Bermuda, AltFi is an alternative investment manager with a specialisation in digital assets. AltFi offers investors ...

No country in the G20 is decarbonising quickly enough to maintain a safe climate, according to new analysis by professional services firm PwC. This year’s Net Zero Economy Index shows progress on decarbonisation is falling alarmingly short of what is...

The golden arches have returned to Bermuda – but this time as an insurance entity rather than a place to buy a happy meal. Fast food giant McDonald’s has moved its global insurance operation to the island, reports The Irish Independent newspaper. Gol...

After languishing on a register of shame instituted by European governments, Bermuda appears set to be “white-listed” by the European Union. It is the ultimate answer to any suggestion that Bermuda is a tax haven. In effect, it declares that Bermuda ...

Matt Lyne has commenced his role as senior vice-president and chief commercial officer at Valaris Limited, the Bermudian-based offshore drilling services company. Mr Lyne, who was appointed in May, previously served as chief commercial and strategy o...

The Association of Bermuda International Companies has appointed Wayne Smith to be the organisation’s next executive director. Mr Smith, whose career has spanned the public and private sectors, will join Abic in October. During a three-month transiti...

White Mountains Insurance Group Ltd, the Bermudian-domiciled financial services holding company, has announced the final results of its "modified Dutch auction" tender offer. Based on the final count by the depositary for the tender offer, the compan...