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Bermuda-based Signet Jewelers Limited, the world's largest retailer of diamond jewellery, has finalised its acquisition of Diamonds Direct USA Inc for $490 million in cash. The company said that this reflects approximately a 1.1x multiple on annualis...

Registration is open for an upcoming captive webinar organised by the Bermuda Business Development Agency in partnership with RIMS, the risk-management society. The free webinar Bermuda Captives – Turning Ideas into Reality kicks off tomorrow. It wil...

Bermuda-based fintech company StableHouse has announced the early-access launch of its regulated and licensed digital assets platform, which allows users to begin trading and investing in a wide range of cryptocurrencies and stablecoins. StableHouse,...

CrossTower, the exchange operator licensed by the Bermuda Monetary Authority, has reported record trading volumes in October of $587 million. The company, which has offices in Bermuda, the United States and India, added that it has posted more than $...

The island’s suitability as the world’s climate risk finance capital has been promoted by the Bermuda Business Development Agency at a key conference on climate change. Representatives of the BDA were among Bermuda’s delegation to the 26th United Nat...

Bermuda-based Flex LNG Ltd, the liquefied natural gas shipping company, has reported net income of $33 million for the third quarter. The company reported earnings per share of 62 cents. Those figures compare with net income of $12.7 million and earn...

A crypto-finance company operating in Bermuda has donated 100 meals to frontline healthcare workers. The meals were delivered to staff at King Edward VII Memorial Hospital’s intensive care unit through the Meal Train programme, which asks contributo...

Ricardo Garcia, chief actuary at the Bermuda Monetary Authority, has been appointed to the executive committee of the International Association of Insurance Supervisors. He succeeds BMA chief executive officer Craig Swan in the role. Mr Garcia also s...

The bankrupted branded apparel, footwear and brand management company Global Brands Group Holding Limited (GBG), has been formally put into liquidation by the Bermuda Supreme Court after football legend David Beckham and music and business impresario...

The Association of Bermuda International Companies (Abic) has released a “thank you” video to mark its 50th anniversary, featuring well-known businesspeople and politicians, and young Bermudians embarking on their career in international business. Da...