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Bermudian-based offshore drilling outfit Seadrill Ltd is to submit an application to the Supreme Court of Bermuda for the appointment of joint provisional liquidators after it filed Chapter 11 cases in the Southern District of Texas. The cases were f...

Butterfield Bank has launched a campaign that gives its customers chances to win prizes while at the same time helping some of the local businesses hit hardest by the effects of the pandemic. Consumers who use their Butterfield personal Mastercard de...

Butterfield Bank closed unchanged on $33 as 157 of its shares changed hands on the Bermuda Stock Exchange. The US-listed shares of Butterfield fell 63 cents, or 1.89 per cent, to close on $32.63 on the New York Stock Exchange as 142,865 shares traded...

Bermudian-based re/insurance outfit Monument Re has announced the completion of the portfolio transfer of the Omega Life book into the Italian branch of Monument Assurance Luxembourg SA. The company said that, in accordance with the approval of the I...

As contributors to the orange, or creative, economy, Bermuda’s artists and artisans are sometimes overlooked when the impact of an economic downturn is considered. But the island’s creative community took a hit in 2020 due to the impact of the Covid-...

A Bill recently passed in the Senate will introduce important changes to the Employment Act 2000 (“the Act”), Bermuda’s key piece of employment legislation, with effect from June 1. The changes are part of Government’s intended modernisation of labou...

Shares of Argus Group Holdings fell 15 cents, or 3.5 per cent, to $4.10 after 6,500 traded on The Royal Gazette/BSX Index. There was also trading in 16,423 shares of One Communications, but with no change to the closing price of $3.95. One informed t...

Butterfield Bank’s profit for the fourth quarter was $42.1 million, or 84 cents per share, about $1.8 million less than the same period in 2019. For the full year, it had net income of $147.2 million, or $2.90 per share, compared to $177.1 million t...

The Department of Workforce Development has partnered with 10 local recruitment agencies to hold a virtual networking event that attracted some 60 Bermudian corporate professionals seeking employment opportunities. The event has been hailed as a succ...

The Bermuda Business Development Agency assisted in the incorporation of 20 new entrants to the market in 2020 through its designated business concierge service, the organisation said in its end-of-year report. They included three class 3A commercial...