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Traditional dedicated reinsurance capital at the end of 2020 was estimated at $397 billion, a marginal increase year-on-year. Favourable valuations of asset levels and capital initiatives saw capital levels recover from a midyear decline. The estimat...

The Royal Gazette/BSX Index closed unchanged on 2,183.86 as no shares changed hands on the Bermuda Stock Exchange. Butterfield Bank’s US-listed shares climbed 19 cents, or 0.55 per cent, to close on $34.61 on the New York Stock Exchange, on above-ave...

A new seafood restaurant and bar is to open on the site of the former Swizzle South Shore in Warwick. Fisherman and restaurateur Delvin Bean will next week open the eatery Lost in the Triangle at the corner of South Road and Dunscombe Road. The new o...

Butterfield Bank shares jumped $3, or 9.7 per cent, to $34 after 3,008 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, the bank’s shares were up $2.78, or 8.61 per cent, at $34.42. The Royal Gazette/BSX Index was up 148.35 po...

Butterfield has been shortlisted for six Citywealth International Financial Centre Awards, which celebrate excellence in international private wealth advisory and management. Butterfield Trust received 2021 Trust Company of the Year shortlist nominat...

Marc Grandisson has been elected chairman of the Association of Bermuda Insurers and Reinsurers. He succeeds Albert Benchimol. Mr Grandisson is chief executive officer of Arch Capital Group Ltd, and will serve a two-year term as Abir chairman. He was...

Renewable energy company BE Solar has installed a solar electricity system that is estimated will save cancer charity PALS $6,000 each year on energy bills. The company won a competitive process to install the 11.97kW system on the roof of the PALS b...

Five individuals who have contributed significantly to Bermuda’s risk transfer market have been added to an industry publication’s Bermuda Risk Transfer Hall of Fame. Jeremy Cox, John Huff, Brad Adderley, David Brown and Arthur Wightman have been ho...

There is a new look at Coldwell Banker Bermuda Realty. Advertising and signage for the business now features the initials CB and a star. The company has unveiled the new logo, which follows the “Project North Star” branding transition of Coldwell Ban...

A&M Bulk Store is to offer its customers a second 10 per cent discount day. The Devil’s Hole, Smith’s outlet said that the discount will be offered for cash purchases on Tuesdays and Thursdays. The new policy becomes effective next week. The store’s ...