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BGC Partners Inc, a leading global brokerage and financial technology company, has entered into an agreement to sell its insurance brokerage business for $500 million to The Ardonagh Group Limited. The sale will include Ed Broking Group Limited and B...

Norwegian Cruise Line Holdings Ltd is planning to restart US-based cruise voyages in August, although they will only be for trips to Alaska. It is one of the major cruise operators that sails to Bermuda. Currently, Norwegian is not sailing from direc...

Bermuda's significance in the captive insurance world has been underlined in the latest Captive Power 50 list. A number of executives from the island are included in the annual list of the 50 most influential captive insurance professionals. Leading ...

Shares of BF&M Ltd improved $1.39, or 6.3 per cent, to $23.40 after 3,012 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, shares of Butterfield Bank were down 71 cents, or 1.84 per cent, at $37.96. The Royal Gazette/BEX Index w...

Newly formed insurance industry companies that are part of the “Class of 2020” have chosen AIR Worldwide to help them model and manage catastrophe risk. Bermudian-based Conduit Re, Vantage Risk and Integral ILS Ltd, are among those who have opted to ...

JetBlue will begin offering its first transatlantic flights, which will be between New York and London, from August. It is aiming to offer lower prices on the route, including in its premium cabins. JetBlue has a service between Bermuda and JFK, whic...

A highly disruptive cyberattack on a major fuel pipeline network in the United States, and another against an arm of insurance company Axa, should act as a cybersecurity wake-up call for Bermuda. That's the view of Hamilton-based IT services and soft...

Shares of Butterfield Bank fell by 50 cents, or 1.3 per cent, to $38.50 after 1,113 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange the bank's shares were down 33 cents, or 0.85 per cent, at $38.28. The Royal Gazette/BSX Index f...

The Regulatory Authority is not perfect and won't get everything right, according to its chief executive Denton Williams, but it is striving to enhance its transparency. In an interview with The Royal Gazette, he spoke about why the Authority spends ...

Working together, the Regulatory Authority and Belco have achieved a midyear reduction in the retail tariff that is applied to electricity bills. Across the board, the tariff decrease averages out at about 1.6 per cent. It will take effect from June ...