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The Bermuda Monetary Authority has announced that the Authority’s Deputy chairman, Donald Scott, has been appointed by the Minister of Finance to serve as chairman of the Board with effect as of 1 October. This will coincide with the departure of Je...

Last week, in part one, we discussed the meaning of share premium, the various ways a company may use share premium and its importance when determining the assessable capital of a company. Today, we will discuss contributed surplus, another frequentl...

Since June, Deloitte Bermuda has welcomed 13 interns into their DEEP [Deloitte Exclusive Experience Program] Internship Program. DEEP provides young Bermudians with the opportunity to develop new skills and gain hands-on experience in the financial ...

Bermudian Kace Wales has joined the Association of Bermuda Insurers and Reinsurers (ABIR) as an intern. The 17-year-old from Sandys is studying on the Associate of Arts (Business Administration) programme at Bermuda College and aspires to a career i...

An award-winning cryptocurrency trading company has been granted a Class T operating licence by the Bermuda Monetary Authority. The licence issued under the Digital Asset Business Act allows 24 Exchange Bermuda Ltd to operate as a digital asset excha...

The Bermuda Business Development Agency has launched BDA Live, a virtual conference centre. Roland Andy Burrows, chief executive officer of the BDA, said: “While the BDA has already begun to go back out on the road to promote Bermuda, we also recogni...

HSCM Bermuda has joined basketball star Draymond Green and professional golfer Rory McIlroy as investors in an American direct-to-consumer home insurance technology company. Kin Insurance Inc and Omnichannel Acquisition Corp have entered into a busin...

Fintech company Circle’s expanded Bermuda platform is to include key hires in the areas of compliance, operations and service, the organisation said. The company said it will increase operations in Bermuda as part of the company's overall market expa...

Government is discussing a carve-out for the island’s international insurance industry in multilateral discussions towards a new global agreement on a minimum corporate tax rate. Finance minister Curtis Dickinson said the carve-out was one of the iss...

Bermudian-based financial services company Athene Holding Ltd has entered into a definitive agreement to acquire Foundation Home Loans, a specialist UK mortgage lender from funds managed by affiliates of Fortress Investment Group LLC. As of June 2021...