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The agency’s managing director says the change to being an IPA is about spending smarter

The company paid $733 million to repurchase all shares and warrants from CM Bermuda Ltd

Tony Thompson suggested local warehousing, regional suppliers and boosting domestic food production as solutions

Stefano Moritsch of KPMG said supply chain diversification is especially important for island nations

The BSX Index closed 3.03 per cent lower with a fall of 75.55 points, based on trading of Butterfield shares

The global insurer posted net income of $1.33 billion, down 37.1 per cent from the same period last year

The company reported another quarter of mid-single-digit organic revenue growth and strong operating performance

The shortfall in units to accommodate Bermuda’s ideal population is said to be in the thousands

The business has become unfeasible owing to rising supply and shipping costs, the owners said

The bank closed up 34 cents, or 0.90 per cent, to finish at $38.30 in New York