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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...

The Royal Gazette/BSX Index remained unchanged on 1,839.21 as no shares traded. The BSX Insurance Index fell 47.91 points, or 3.41 per cent, to close on 1,358.03. The US-listed shares of Butterfield Bank fell 97 cents, or 3.97 per cent, to close on $...

The Bermuda Economic Development Corporation is launching a virtual social media campaign to highlight Bermuda businesses and encourage local shopping. The campaign focuses on micro, small and medium size enterprises. “MSMEs play a vital role in st...

Shares of BF&M Ltd gained 2.9 per cent in Bermuda Stock Exchange trading. The insurer’s share price climbed 50 cents to close on $18 as 600 shares changed hands. BF&M was the only stock to trade as The Royal Gazette/BSX Index gained 3.83 points, or ...

A blockchain arbitration company focused on smart contracts, and provenance and smart contract validation services, has incorporated a new company in Bermuda. The Proof of Trust Group has appointed Bermudian Kevin Richards to lead its operation in Be...

Bermuda’s trademark cocktail was celebrated yesterday on International Dark ‘n’ Stormy Day. Gosling’s, the manufacturer of the Black Seal Rum that combines with ginger beer to make the popular tipple, held a series of online events on Facebook and In...

Mark Guishard is to return to the Bermuda Weather Service as director, effective July 1. The appointment was announced today by the Bermuda Airport Authority, under whose purview the BWS operates. Lester Nelson, BAA CEO, said: “Mark has a long histor...