Bermuda Commercial Bank Ltd. (BCB) yesterday ended a four-year search for a buyer as it sold a controlling interest to Permanent Investment Holdings Ltd. for around $34.2 million.
The deal is a boost ...
Finance Minister Paula Cox told an insurance industry audience that Government and the private sector had to work together to achieve a fulfilling relationship for the Bermuda insurance market to cont...
Bermuda Commercial Bank Ltd. (BCB) yesterday announced it has sold a controlling interest to Bermuda-based exempted company Permanent Investments Ltd. in a deal worth around $34.2 million.
The bank's ...
Run-off may be one of the less fashionable aspects of the insurance industry — but there's real money to be made for capable operators with the necessary expertise.
That is reflected in the success of...
Butterfield Bank’s $130 million rights offering opened yesterday, giving qualifying shareholders the right to buy more shares for $1.21 each.
The rights to buy the Butterfield shares began trading on ...
Hundreds of Butterfield Bank shareholders yesterday heard an apology from chairman Robert Mulderig for the failures at the bank that led to a more than 90 percent decline in share price over the past ...
Butterfield Bank shareholders will today get the opportunity to voice their opinions directly to management in what is likely to be a stormy annual general meeting.
The meeting comes after a turbulent...
Asset management company WP Stewart & Co. Ltd. has announced plans to move its Bermuda operations and headquarters to New York, with the loss of five local jobs.
The company, which managed about $1.5 ...
The two major players in Bermuda's security market have joined forces to create a new company called Security Associates Ltd.
The amalgamation involves the security officers division of the Bermuda Se...
The first three months of 2010 will likely turn out to be the most expensive first quarter in history for natural disaster reinsurance claims, according to global reinsurance broker Willis Re.
In a re...
