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Government says a company hired to claw back millions of dollars of unpaid land tax is not a debt collector and is therefore exempted from regulatory legislation. Oarrs Inc, which is not licensed as a debt collector and so would not be permitted to o...

Companies wishing to incorporate in Bermuda will have to file applications with the Registrar of Companies electronically, under new legislation. The Companies and Partnerships Electronic Registry Amendment Act 2020 was approved in the House of Assem...

BF&M Ltd has committed $28,000 to fund a pilot programme designed to assist in the prevention, treatment and rehabilitation for those living with diabetic foot disease. The insurer is partnering with the Bermuda Diabetes Association and Bermuda Limb ...

A new team at the helm of Belco is expected to restore faith in the power company, the Minister of Home Affairs said yesterday. Walter Roban claimed that public confidence in the electricity provider was at an “all-time low” — but predicted that woul...

An insurance firm was accused yesterday of outsourcing jobs from Bermuda to Canada. It was claimed Argus Group plans to shift between 15 and 20 jobs to One Team Health, a Toronto-based third-party overseas care administration firm it bought last year...

The sale of the holding company of power firm Belco is on the verge of being completed after regulators approved the change of control. A spokesman for Ascendant, parent of Belco and several other companies, said the green light from the Regulatory A...

Ascendant Group’s profits rose in the first half of the year even as electricity sales fell. Core earnings from operations, before corporate expenses, were $8.7 million compared to $7.5 million for the same period in 2019. Total revenue dipped by $1...

Axa XL has been crowned Bermuda Insurer of the Year by Reactions magazine for the third time in the past four years. The recognition came during the insurance industry publication’s North America Awards ceremony The panel said that Axa XL earned the ...

Digicel Bermuda has been named the “Fastest Internet Provider” in the 2020 Ookla Speedtest Awards. Ookla, the company behind Speedtest, is a global leader in fixed broadband and mobile network testing applications, data and analysis. Leslie Rans, Dig...

Bacardi Ltd has appointed Todd Grice, an 18-year veteran of Coca-Cola, as senior vice-president and general counsel. Mr Grice brings 25 years of legal practice to Bacardi, with expertise in corporate governance, competition law, securities law, inte...

Enstar Group Ltd has made a $31 a share offer to buy fellow Bermudian insurer Watford Holdings Ltd, which values the company at about $616 million. The offer came in a letter to the Watford board, signed by Paul O’Shea, Enstar’s president and dated S...

Leaders of hospitality and global business associations in Bermuda have welcomed the news that British Airways will switch London gateways to Bermuda from Gatwick to Heathrow Airport’s Terminal 5 from March 28. The agreement, announced yesterday by ...