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Demand for luxury properties is heating up as the island’s success in curbing the spread of Covid-19 adds to its appeal as a place to live. Coldwell Banker Bermuda Realty has seen great interest in high-end properties from prospective overseas buyers...

Luxury hotel The Loren will keep its focus on the local market into next year after a successful summer for staycations. In June, the Smith’s resort was the first Bermuda hotel to reopen after lockdown, offering special rates and packages to tempt i...

Axis Capital Holdings announced a net loss of $73 million for the third quarter as catastrophe losses took a heavy toll. The Bermudian-based re/insurer said estimated net pre-tax catastrophe and weather-related losses totalled $240 million. Hurricane...

Shares of Argus Group Holdings Limited fell by 28 cents, or 8.8 per cent, to $2.92 after 10,200 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, shares of Butterfield Bank were down 27 cents, or 1.03 per cent, at $26.03. The Ro...

Butterfield Bank made a profit of $30.5 million, or 61 cents per share, for the third quarter. This was down from the $42.4 million it achieved a year ago, and a decline of $3.8 million from the second quarter. During the period it had a $8.9 million...

PartnerRe has established a new partnership with Ladder, which pioneered the use of machine learning to instantly underwrite life insurance online. Ladder created a streamlined, ten-minute digital process to help modern consumers care for their famil...

Bermuda’s inflation rate turned negative for the first time in 55 years in July. The annual rate was -1.4 per cent, which means consumers paid 1.4 per cent less for a basket of goods and services included in the Consumer Price Index in July than they...

Two mortgage insurers have sponsored a total of $740 million of insurance-linked securities admitted for listing on the Bermuda Stock Exchange in the past week. Genworth Mortgage Insurance and Radian Guaranty, both secured collateralised mortgage rei...

One Communications is offering a new roaming product designed to give its mobile customers more certainty about what they are paying while using their phones abroad and better value. Carry-On Roaming launches today. “An $8 Carry-On Auto Pack provid...

Bermudian-headquartered Bacardi has unveiled plans to put the world’s most sustainable spirits bottle on shelves by 2023. The move is aimed at helping reduce the problem of plastic pollution. The new 100 per cent biodegradable bottle will replace 80 ...