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When the issuance of shares by a company is discussed, the first thought that comes to mind is the share capital raised by the issuance of such shares. Many do not consider or appreciate that they could also, inadvertently, be creating share premium....

The Bermuda Business Development Agency is to launch a webinar series that will focus on providing thought leadership and insights from key business leaders in Bermuda and other markets. The BDA said the Bermuda Angle Webinar Series will launch on Ju...

Apex Group Ltd has secured corporate ratings from Moody’s Investors Service and S&P Global Ratings. The Bermudian-based global financial services provider said the Group and its subsidiaries were assigned a “B2” corporate family rating by Moody’s and...

Bermudian-based Global Cloud Xchange, the submarine cable network owner/operator, has reported cash revenue growth of 6.6 per cent for the fiscal year ending March 31. GCX said the revenue of $271.2 million was led by strong recurring revenue and ind...

Bermudian-based Apex Group Ltd has entered the German market with the acquisition of fund administrator mola-administration GmbH. The global financial services provider, which was set up on the island in 2003, said the strategic acquisition establish...

Athene Holding Ltd has led a minority investment in Challenger Ltd, an Australian investment management firm. The Bermudian-based financial services company said that, along with its strategic partner, Apollo Global Management, it has agreed to acqui...

Bermudian-based Valaris Ltd, the offshore drilling services outfit, has been awarded a 16-well contract with Woodside offshore Australia for the semi-submersible, Valaris DPS-1. The company said the contract is expected to commence late in the first ...

Fintech company Circle is to go public in a merger with special purpose acquisition company Concord Acquisition Corporation, in a deal that values Circle at $4.5 billion. The transaction is anticipated to close in the final three months of this year....

A huge containership that ran aground in the Suez Canal in March has resumed its journey after the vessel’s owners reached an agreement with the Suez Canal Authority to settle a financial dispute. Bernhard Schulte Shipmanagement, which has an office ...

Only one in four businesses in Bermuda that took part in a survey have a Personal Information Protection Act readiness plan, and more than a third are unsure how much they will need to spend on a privacy programme. KPMG in Bermuda, in collaboration w...