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American International Group has reported a profit of $922 million, or $1.03 per diluted common share, for the fourth quarter. That compares to a net loss of $622 million, or 70 cents per share, in the prior-year quarter. The company said the improve...

Shares that totalled $120,292 in value were traded on The Royal Gazette/BSX Index, but there was no change to the closing price of the three stocks that saw activity. Some 30,000 shares of One Communications Ltd were traded, and 100 shares of Ascenda...

Ten students from Berkeley Institute learnt about career opportunities in the life re/insurance sector at a lunch and learn session organised by Bermuda International Long Term Insurers and Reinsurers. The organisation said that Scott Selkirk, of Som...

Ascendant Group Ltd was the only stock to trade on the Bermuda Stock Exchange. The Belco owner remained unchanged on $31 as 3,300 shares changed hands. Ascendant is awaiting regulatory approval for a proposed $365 million takeover by Algonquin Power ...

Shares of One Communications Ltd were down four cents, or 1.1 per cent, at $3.75 after 147 traded on The Royal Gazette/BSX Index. Butterfield Bank improved 60 cents, or 1.8 per cent, to $34 after 118 shares were exchanged, meanwhile in New York, the ...

Bermudian-based Fidelis Insurance Holdings Limited has raised about $300 million of equity capital from a combination of its existing shareholders and a wholly owned subsidiary of the Abu Dhabi Investment Authority. The funding is to be used to suppo...

Arch Capital Group Ltd posted net income of $316 million for the fourth quarter. The Bermudian re/insurer said the profit, up from $126 million in the corresponding period of 2018, broke down to 76 cents per share and represented a 12 per cent annual...

Bermuda based financial solutions firm Abacus Ltd has made Daryl Fubler their new chief operating officer. The newly created role will include managing Abacus’ growth and ongoing evolution of service offerings. Abacus Ltd provides a full range of...

Shares of Butterfield Bank were down 60 cents, or 1.8 per cent, at $33.40 after 557 traded on The Royal Gazette/BSX Index. In New York, the bank’s shares were up 24 cents, or 0.71 per cent, at $34.07. The Royal Gazette/BSX Index was down 26.99 points...

Bermuda’s consumer inflation rate rose to 0.9 per cent in November, with health insurance premiums one of the main contributors to the annual increase. The inflation rate was 0.2 percentage points higher than in October. Year-on-year, prices in the h...