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The Institute of Directors Bermuda has appointed Danielle Riviere as executive director and Shirlene White as member engagement executive. Rochelle Simons, chairwoman, IoD Bermuda, said: “We are excited to be launching the next stage of the IoD Bermu...

American International Group made a $6 billion net loss, or $6.85 per common share, for the year, compared with a $3.3 billion profit in 2019. The loss was primarily driven by a $6.7 billion after-tax loss from the sale and deconsolidation of Fortitu...

Athene Holding Ltd had a strong fourth quarter, with net income of $1.06 billion, or $5.44 per diluted share, compared to $432 million for the same period in 2019. Adjusted operating income for the quarter was $558 million, or $2.85 per share, beatin...

Bermudian-based re/insurance outfit Monument Re has completed the acquisition of the Charles Taylor Group’s Isle of Man life and investment operations. Completion comes following receipt of regulatory approval from the Isle of Man Financial Services ...

Since the Covid-19 pandemic began last March, CedarTree Vets Ltd has seen a surge in demand for their mobile veterinary services. Practice owners, Lucy and Mark Richardson, took on so many new clients they had to hire a third veterinarian and a nurse...

Plans to develop a National Digital Bank in Bermuda have been discussed by the Financial Policy Council. It welcomed the Government’s efforts to produce a feasibility study and business plan to assess its potential and viability. It also recommended ...

Butterfield Bank shares improved 35 cents, or 0.8 per cent, to $33.25 after 3,227 traded on the Royal Gazette/BSX Index. On the New York Stock Exchange, the bank’s shares were up 57 cents, or 1.72 per cent, at $33.65. On the local exchange there was ...

The Bermuda Business Development Agency is to put the spotlight on the island’s role as the world’s leading captive domicile at next week’s 2021 Virtual Business Insurance World Captive Forum. The BDA is both a platinum sponsor and participant in the...

Triton International Ltd has reported a $115.2 million profit, or $1.70 per diluted share, for the fourth quarter, beating analysts’ consensus of $1.43 cents per share. Adjusted net income was $114.7 million. The Bermudian-based company is the world’...

A broad measure of Bermuda’s economic activity contracted sharply in the second quarter of 2020, primarily due to the devastating impact of the Covid-19 pandemic. Gross domestic product, the value of goods and services generated by the island’s econo...