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Given the ongoing impact of the Covid-19 pandemic, it is timely for us to look closely at material adverse change clauses in the context of a business acquisition. Also known as material adverse effect clauses, MAC clauses are designed to provide a ...

A total of 27 shares of Butterfield Bank were traded on The Royal Gazette/BSX Index, but with no change to the closing price of $34.75. On the New York Stock Exchange, the bank’s shares were up $1.50, or 4.37 per cent, at $35.79. The Royal Gazette/BS...

Marcus Foley is to join the Bermuda office of Aon Reinsurance Solutions as head of capital management. The company said Mr Foley will report to Tony Fox, chairman and chief executive officer, Bermuda, and Eric Paire, head of London Capital Advisory o...

Insurance industry veteran Grainne Richmond has been appointed president of the Bermuda Insurance Managers Association. Ms Richmond is to take up the position at the volunteer non-profit organisation on March 1. She will be joined on the Bima executi...

Bermudian-based Conduit Holdings Ltd, the parent company of new Class 4 reinsurer Conduit Re, has reported a loss after tax of $4.6 million for the period ending December 31. Conduit Re is part of the “class of 2020” group of companies that have been...

A new salon in Hamilton opens its doors tomorrow. Impressions Artistry is above Casey’s Lounge, at 25 Queen Street. It is a second location for the business that was established in 2004; the other outlet is Impressions Artistry salon and beauty supp...

Fintech company Bite Investments has published a white paper that “presents a strong case for private equity investments and important factors for success” The alternatives investment platform provides high-net-worth investors access to alternative a...

Inflation expectations just reached their highest levels in a decade and that has some investors on edge. Every week we see additional news coverage about resurgent inflation and rising longer-term interest rates. In the world of fixed income, intere...

Dogs of Bermuda no longer have to beg, borrow or outright steal their favourite baked treats. They can now order them through the Sargasso Sea app. Christina Roberts, owner of new pet bakery, Impawssible Treats, is using the app to sell dog friendly ...

BF&M Ltd shares were up $1, or 4.8 per cent, at $22 after 4,500 traded on The Royal Gazette/BSX Index. Shares of Butterfield Bank were up $1.75, or 5.3 per cent, at $34.75 after 6,300 were exchanged, while on the New York Stock Exchange the bank’s sh...