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A champion of Bermuda’s re/insurance industry has been honoured at a ceremonial tree planting next to the Hamilton Ferry Terminal. Michael Butt is a past chairman of the Association of Bermuda Insurers and Reinsurers, and a former longtime chairman o...

Shares of BF&M Ltd improved 25 cents, or 1.1 per cent, to $22.25 after 15,919 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, shares of Butterfield Bank were up 89 cents, or 2.25 per cent, at $40.48. The Royal Gazette/BSX Index...

A portion of an iconic East End shopping and dining area is in the process of being sold. The sale of the east side of Somers Wharf is expected to close at the end of the month. David Summers, president of owners Wilkinson Estates Ltd, said: “The pro...

Assured Guaranty Ltd has begun further expansion of its footprint in continental Europe. The Bermudian-based financial guaranty insurer said it has issued new financial guarantees through its French subsidiary, Assured Guaranty (Europe) SA. AGE is ra...

A unit of Arch Capital Group Ltd has agreed to acquire Australia’s Westpac Lenders Mortgage Insurance Ltd. The Global Mortgage Group of Bermudian-based Arch has entered into a share purchase agreement with the Westpac Group to make the acquisition. D...

Bermudian-based Triton International Ltd, the world’s largest lessor of intermodal freight containers, has announced completion of a $725 million offering of fixed rate, asset-backed notes. The company said the $690.1 million Series 2021-1 Class A No...

Business travel has been estimated to represent about half of the greenhouse gas emissions created by many businesses. As awareness of climate change risk increases at boardroom and top management level among companies in Bermuda’s insurance and rein...

Digital asset businesses are innovative, revolutionary and exciting. Each with their own unique offering, they present an opportunity to authenticate, validate, store, transfer, securitise and trade digital assets, such as cryptocurrency at lightning...

Shares of Devonshire Industries Ltd fell $1, or 30.8 per cent, to $2.25 after 9,600 were traded on The Royal Gazette/BSX Index. Also falling was Bermuda Aviation Services Ltd, down 25 cents, or 12.5 per cent, to $1.75 after 9,508 shares changed hands...

Polaris Holding Company Limited, which owns Hamilton docks operator Stevedoring Services Ltd, is deferring the payment of dividends to shareholders. The company said that in its third quarter and continuing into the fourth quarter, cargo volumes had...