Bermuda Commercial Bank is set to buy and move into the LP Gutteridge Building in Hamilton.
The purchase of the bank’s new 29,000 sq ft home was revealed today in the earnings statement of its parent ...
Insurer Argus Group Holdings Ltd’s profit for the first six months of its financial year fell by 77 percent to $1.6 million, chiefly as a result of unrealised losses in the value of its fixed-income i...
Bermuda’s reinsurers will be among those paying out estimated claims of between $960 million and $1.9 billion related to high winds that battered parts of Western Europe last week.
The range represent...
Bermuda’s property and casualty re/insurers will likely see their profit margins come under pressure in 2014, according to stock research analysts Keefe, Bruyette & Woods (KBW).
In a report published ...
Bermuda’s imports have risen significantly in each of the first three quarters of this year, the latest Government statistics reveal.
The Government’s detailed quarterly statistics show that the value...
Investors led by insurance industry veteran Brian Duperreault have made a deal to buy out Bermuda reinsurer SAC Re.
The company, which was launched with the backing of billionaire trader Steve A Cohen...
Retailers took 0.1 percent more at the till in October this year than in the same month last year, driven by a 9.3 percent increase in motor vehicle sales.
However, after inflation was taken into acco...
Butterfield Bank has been named Bermuda’s Bank of the Year by international banking industry magazine The Banker.
Butterfield also scooped the same award in the Cayman Islands.
The Banker, an FT publi...
Somers Ltd, owner of the Bermuda Commercial Bank, is seeking to buy out London-based broker Westhouse Holdings PLC.
The Bermuda Stock Exchange-listed Somers already owns a 46.1 percent stake in Westho...
Financial regulator the Bermuda Monetary Authority (BMA) is in talks aimed at allowing alternative fund managers based on the Island to market their investment products in Germany.
The confirmation of...
