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Shares of Butterfield Bank fell by $1.20, or 4.8 per cent, to $24.05, after 11,986 traded on The Royal Gazette/BSX Index. In New York, the bank’s shares were up seven cents, or 0.29 per cent, at $24.39. On the local exchange, a total of 100 shares of...

Shares of Argus Group Holdings Ltd fell 1.7 per cent in Bermuda Stock Exchange trading. The insurer fell four cents to close on $2.31 as 10,000 shares changed hands. One Communications Ltd was the only other stock to trade. The telecommunications gro...

The 2020 Bermuda Captive Conference will be hosted on a virtual platform for the first time in response to the continued uncertainty from Covid-19. The event, scheduled for September 9 to 11, will examine trends in the global captive market and brin...

A revamped Royal Palms Hotel will be reopening its doors in Hamilton next week after it closed in March because of the Covid-19 pandemic. Theresa Harney-Zuill, the hotel’s general manager, said: “Although the lockdown and subsequent easing of restri...

Dear Dave, My wife and I are trying very hard to save money and pay off debt, but we’re not making progress as quickly as I had hoped. What do you think of the idea of putting a hold on our son’s allowance for the jobs he does around the house until ...

Bermuda’s re/insurers have been raising billions of dollars in capital in recent weeks amid a time of uncertainty and opportunity in the industry. RenaissanceRe and Arch Capital have each announced $1 billion offerings this month, while Fidelis has d...

Nine Bermuda reinsurers hit with a number of high catastrophe-loss scenarios would be able to meet all their obligations, a stress test by financial regulators found. Tests conducted jointly by the Bermuda Monetary Authority and Britain’s Prudential ...

Economic growth slowed in the second half of last year, government statistics reveal. Gross domestic product contracted by 0.1 per cent in the third quarter and grew by 0.3 per cent in the fourth quarter, taking inflation into account. The two report...

Bermuda’s balance of payments surplus was $763 million in 2019, with the value of goods and services sold by the island to the rest of the world easily dwarfing the value of goods and services the island bought from overseas. However, the surplus was...

One Communications today announced it will automatically boost internet speeds for many of its customers next week. The telecommunications services provider had increased its FibreWire internet speeds to a minimum of 50Mbps in March to support custom...