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Butterfield Bank’s net income improved to $41.6 million, or 83 cents per share, in the first quarter, which compared to $40.3 million for the same period a year ago. It reduced its non-interest expenses by $2.3 million, to $80.9 million, when compare...

A new type of insurtech sandbox licence has been granted to Bermudian-based start-up Kettle Limited, which is using deep-learning and sophisticated statistical models with the aim of more accurately predicting wildfires in California. Kettle Limited ...

LOM Financial Ltd achieved a 282 per cent rise in profit last year, to $4.83 million, driven by increased revenue from broking fees and gains on securities. The company’s assets under administration rose from $1.2 billion at the beginning of 2020, to...

Chubb Limited achieved net income of $2.3 billion, or $5.07 per share, in the first quarter, compared to $252 million for the same period last year. Its core operating income was $1.14 billion, or $2.52 per share, down from $1.22 billion a year ago. ...

Making cost less of a barrier for people who want to use solar energy, and helping charities to benefit from electricity generated by rays of sunshine, are part of the mission of Sunny Side Solar. Claire Smith and Nick Hutchings teamed up to make a d...

Arch Capital Group Ltd has become the latest insurer to confirm it has not and will not issue any insurance policies covering the planned Adani Carmichael coalmine in Queensland, Australia. The Bermudian-based company has released a statement to conf...

Electrification of Bermuda’s bus fleet has been described as a way to assist and “de-risk” the introduction of electric vehicles on the island. The first of 30 electric buses are expected to arrive on the island this year. The consignment of buses i...

Chubb Ltd said it is disappointed that US-based The Hartford Financial Services Group Inc had not engaged in any of its proposals to bring the two companies together. Last month insurer Chubb, which has offices around the world, including on Woodbour...

Google has moved Google Ireland Holdings Unlimited Company’s tax residency from Bermuda to Ireland, according to a report. It has also stopped licensing its intellectual property from Bermuda, and now does so from the US, as it indicated it would in ...

Nathan Kowalski is the new president of the Bermuda Chamber of Commerce. He was previously vice-chairman. He succeeds Dennis Fagundo, who served as president from April 2019. The Chamber held its annual general meeting at the weekend. Mr Kowalski is ...