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The Risk and Insurance Management Society’s annual conference, which traditionally attracts a strong contingent from Bermuda, has been cancelled for the first time in the event’s 70-year history. The event was due to take place on May 3 to 6 in Denve...

Polaris Holding Company Ltd, parent company of Hamilton docks operator Stevedoring Services Ltd, has paid out $300,000 to buy back some of its own shares for cancellation. In a filing with the Bermuda Stock Exchange, Polaris said it bought the 46,154...

HSBC Bermuda, Butterfield Bank and Clarien Bank are all lowering their base lending rates for business and retail customers. All three banks said they were making their moves to help customers with the likely negative economic impact from the Covid-1...

No shares traded on the Bermuda Stock Exchange, as The Royal Gazette/BSX Index closed unchanged on 1,799.35. The US-listed shares of Butterfield Bank endured a torrid day, falling $3.39, or 15.66 per cent, to close on $18.26 on the New York Stock Exc...

The chief executive officer of a telecoms holding company has advised consumers to avoid cash transactions in light of the threat posed by Covid-19. Frank Amaral, the boss at One Communications, wrote to the company’s customers to advise that the fir...

Shares of Butterfield Bank fell 20.8 per cent in Bermuda Stock Exchange trading. The $5 plunge on the trading of 500 shares left Butterfield at a 52-week low of $19. It also meant the bank’s BSX share price caught up with the decline of Butterfield’s...

Digicel plans to boost internet speeds to all of its residential Fibre customers by 30 megabits per second over the next few days. The company said it has increased off-island capacity in anticipation of customers working from home and children at ho...

Bermuda’s new airport terminal is on schedule for completion of construction work by midsummer. Dave Westwood, construction manager for the general contractor Aecon, took The Royal Gazette on a tour of the site where about 300 workers are pushing in...

Shares of insurers BF&M Ltd and Argus Group Holdings Ltd fell in Bermuda Stock Exchange trading. Argus fell seven cents, or 2.7 per cent, to a 52-week low of $2.56 as 10,000 shares changed hands. BF&M slipped 30 cents, or 1.6 per cent, to close on $...

The Bermuda office of international law firm Appleby has bolstered its compliance team with the hiring of two Bermudians who are specialists in the area. Rebecca Holloway and Joy Martin have joined the firm as compliance officers. Ms Holloway is a ce...