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Regulatory veteran Ricardo Garcia has been appointed managing director of the Bermuda Monetary Authority. Mr Garcia, who joined the BMA in 2013, will be responsible for the organisation’s supervision of insurance, banking, trust, corporate services, ...

Apex Group Ltd, the global financial services provider based in Bermuda, has expanded its longstanding relationship with Aizawa Asset Management to provide services to their new Cayman fund, Ariake Secondary Fund III LP. Apex has been appointed to pr...

Miami International Holdings Inc, parent company of the Bermuda Stock Exchange, announced that it has confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission relating to the proposed initial ...

Bermudian-based Textainer Group Holdings Limited, one of the world’s largest lessors of intermodal containers, has reported net income of $72.7 million for the first quarter, compared to $72.9 million for the fourth quarter of 2021. Adjusted net inco...

Bermudian-headquartered Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a net loss of $7.9 million for the first quarter of 2022. That compares to a net loss of $8.5 million in the first quarter last y...

Seadrill Limited, the Bermudian-based offshore drilling company, has been awarded three contracts with a total value of $404 million by a leading operator. The contracts have been awarded for the West Ariel, West Cressida, and West Leda jack-up rigs ...

Bermudian-headquartered Kiniksa Pharmaceuticals Ltd, a biopharmaceutical company with a portfolio of assets designed to modulate immunological pathways across a spectrum of diseases, has reported a net loss for the first quarter of $25.2 million. Tha...

Bermuda expects to be be taken off an international taxation grey list by October after being assured it is now fully compliant with its requirements. The finance ministry announced today that the Organisation for Economic Co-operation and Developmen...

The Bermuda Business Development Agency’s first Bermuda Climate Summit, on May 23 and 24, is being presented in partnership with the Association of Bermuda Insurers and Reinsurers and the ratings agency KBRA. Climate thought leaders have already pack...

Apex Group Ltd, the global financial services provider based in Bermuda, has closed the acquisition of New Zealand-based MMC Group. MMC is the country’s leading provider of investment administration services, Apex said, and includes the wholly owned ...