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Telecommunications provider Digicel is in talks with creditors concerning $925 million in bonds coming due tomorrow

AM Best has updated its ratings for Argo Group after the announced sale of the Bermudian-based specialty insurer

First Atlantic Commerce has provided a secure online payment solution for Trinidad and Tobago’s bus fleet

Bermudians are expected to benefit from a new, regional strategic partnership between Mastercard and Vesta, a leading end-to-end fraud prevention platform for digital purchases, the companies have announced. The initiative seeks to broaden protection...

A KBRA rating agency report on credit risks suggests that the Federal Reserve’s “near singular focus over the near term on taming inflation runs the risk of overshooting its goal of curtailing demand, thereby increasing the risk of a hard landing.” T...

The Government is still stonewalling questions about why it failed to involve the police after it accused a debt recovery company it hired of committing a “criminal offence”. A secret court settlement was made with Oarrs Inc in May, but ministers...

An Opposition MP has demanded to know why the Government did not bring in the police when it alleged a company it hired to collect taxes on its behalf without a licence had committed a “criminal offence”. The controversy erupted after it emerged the ...

The Government has secretly settled a lawsuit brought against it by a company it allowed to collect taxes on its behalf without a licence. Oarrs Inc filed the civil writ against the Office of the Tax Commissioner in July last year, alleging it was ow...

As the Government continued ongoing debt management efforts, it announced the commencement of offers for the purchase of its senior notes. It involves an offer to buy the outstanding 4.138 per cent senior notes due in 2023 and the 4.854 per cent seni...

Bermuda’s sovereign credit rating, which helps to determine the cost of the island’s debt and its ability to borrow money, has been reaffirmed by a top ratings agency. Standard & Poor’s has reaffirmed Bermuda's A+ sovereign credit rating, the Govern...

Assured Guaranty Ltd, the Bermudian-based holding company, has reported a six-fold increase in net income to $66 million for the first quarter of 2022. That compares with net income of $11 million in the prior year quarter. First quarter capital retu...

White Mountains Insurance Group Ltd has announced that HG Global Ltd has closed a $150 million, 10-year term loan credit facility with Hudson Structured Capital Management Ltd, conducting its re/insurance business as HSCM Bermuda, and Security Benefi...