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One Communications Ltd was the lone stock to trade on the Bermuda Stock Exchange. The telecommunications provider closed unchanged on $4.10 as 500 of its shares changed hands. Butterfield Bank’s US-listed shares fell 51 cents, or 1.47 per cent, to cl...

Insurance executive Jeremy Young has joined Bermudian-based Transamerica Life (Bermuda) Ltd as its global head of sales and distribution. The company said Mr Young will be responsible for enhancing and executing the company's sales strategy, while bu...

Insurance executive Nick Foden-Pattinson has been appointed to a dual role by Ardonagh Specialty, part of the UK insurance intermediary Ardonagh Group. Mr Foden-Pattinson will lead the organisation’s newly formed North America reinsurance team and wi...

Peter Durhager has agreed to become chairman of Bermudian-based Somers Ltd, the financial services investment holding company that has a 100 per cent shareholding in Bermuda Commercial Bank Ltd. Mr Durhager is to succeed Warren McLeland, who has serv...

The second annual “Eat, Shop, Play” shop to win initiative covering Bermuda’s three Economic Empowerment Zones, and aimed at encouraging shopping in those zones, has been hailed a success. Between Black Friday through to the end of last year, members...

A new vehicle servicing and repairs business has opened in Pembroke. Current Works specialises in electric and hybrid vehicles, but also conducts standard vehicle maintenance and repairs. The business is co-owned by electric rental car pioneers Curre...

The Bermuda Monetary Authority has cancelled the insurance registration of Economic Risk Insurance, Ltd, a Class 3 insurer, for breaches of the Insurance Act 1978. The BMA said yesterday it was satisfied the company was in breach of the Insurance Act...

The British School of Etiquette has inked a deal with local executive coaching and leadership training firm, Clarendon Wallace, under which its full range of training courses and certification will be made available on the island. Lorene Phillips, fo...

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...