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A Bermudian-based insurtech company will soon release the first digital marketplace for trading longevity risk in index-based format. Longitude Exchange said the platform will connect hedgers and investors on a web-based ecosystem that is purpose-bui...

Mi Hong Yoon has been appointed a director and company secretary of Borr Drilling Limited, succeeding Georgina Sousa, who is retiring from both posts. The Bermudian-based oilfield services company said Ms Sousa had served in both positions since Febr...

Lawrence Scott, the Minister of Transport, will update Parliament on the latest with regard to the British sanctions imposed in light of the Russian invasion of Ukraine. Addressing the matter yesterday, David Burt, the Premier and finance minister, c...

LONDON (Reuters) - Veon has "alternative routes to move cash", Ukraine's biggest mobile operator said yesterday after its boss warned that providing full-year guidance would be "irresponsible" in light of Russia's invasion of the Eastern European cou...

Liz Truss, the UK Foreign Secretary, has assured British MPs that British Overseas Territories are doing everything they can to ensure that “Putin’s oligarchs have nowhere to hide”. Ms Truss made the comment in response to a question from a Plaid Cym...

The Association of Bermuda International Companies (Abic) has expressed its concern that Bermuda will remain on a European Union grey list until October despite having done what was needed to satisfy the OECD’s Forum for Harmful Tax Practices (FHTP)....

CargoJet, “Canada’s cargo airline“, has apologised for the rash of delays and service interruptions that has left Bermuda importers in the lurch on more than one occasion recently. The company vowed to take steps to replace faulty jets used in its Be...

Bermudian-based Teekay Tankers Ltd, one of the world’s largest owners and operators of mid-sized crude oil tankers, has reported losses for both the fourth-quarter and full fiscal year 2021. The company said its fourth-quarter GAAP net loss was $39.8...

Alaina Cubbon has joined Elementum Bermuda in the position of vice-president, portfolio management on the organisation’s investment team. The alternative investment manager specialising in collateralised natural catastrophe event reinsurance investme...

Nordic American Tankers Limited, the Bermudian-based oil tanker company, has reported a net loss of $21 million in the fourth quarter of 2021. The adjusted EBITDA was $1.9 million. The net loss for the previous quarter was $44.6 million, with an adju...