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Shares of Ascendant Group Ltd fell 1.6 per cent in Bermuda Stock Exchange trading. The parent company of power utility Belco fell 50 cents to close on $30.50 as 500 shares changed hands. Ascendant was the only stock to trade on the BSX. The Royal Gaz...

A new reinsurer is in the process of setting up in Bermuda. Independent specialist legacy acquirer Compre has received regulatory approval in principle from the Bermuda Monetary Authority to establish a Class 3A reinsurer on the island. Compre said ...

Retail sales jumped 3.5 per cent in March, helped by a 24.3 per cent rise in the volume of food sales as many people stocked up ahead of restrictions because of the Covid-19 pandemic. Supermarkets, petrol stations and pharmacies were among the “essen...

BF&M Ltd posted a shareholders’ net loss of $2.2 million for the first three months of the year, compared with a profit of $4.8 million in the first quarter of 2019. The insurer said the loss was driven by a $7.3 million fall in the fair value of $62...

Shares of Argus Group Holdings Ltd improved by five cents, or 2.2 per cent, to $2.35 after 35,242 traded on The Royal Gazette/BSX Index. Meanwhile, in New York, Butterfield Bank shares were down five cents, or 0.2 per cent, at $24.36. The Royal Gazet...

A new wave of coronavirus infections is the top concern of chief financial officers as businesses get back to work following the Covid-19 pandemic. A survey by PwC found that the threat of a new wave of the coronavirus was the greatest worry for 64 p...

Shares of Bermuda Press (Holdings) Ltd, the parent company of The Royal Gazette, fell by $2, or 25 per cent, to $6 after 500 traded on The Royal Gazette/BSX Index. BF&M Ltd shares improved by $1, or 6.1 per cent, to $17.50 after 885 changed hands. As...

Have you been stressed during budget conversations? Are you anxious at the grocery store checkout when you hear the total? Do you seem to be buying more and more stuff to make yourself feel better about everything? Kids pick up on these things, and ...

The rate of inflation fell to 0.3 per cent in March, its lowest level since May last year. In March, the inflation rate was 0.6 of a percentage point lower than it had been in February. Between February and March, the average cost of goods and servic...

Allan Doughty has joined MJM Ltd’s dispute resolution team as senior counsel. Mr Doughty first qualified in Nova Scotia, Canada, in 2002 before returning home to Bermuda in 2004, when he was called to the Bermuda Bar. MJM described Mr Doughty as “a ...