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Arch Capital Group Ltd posted net income of $316 million for the fourth quarter. The Bermudian re/insurer said the profit, up from $126 million in the corresponding period of 2018, broke down to 76 cents per share and represented a 12 per cent annual...

One of the consequences of economic growth for the Cayman Islands has been increasingly healthy public finances. The result of large surpluses, year after year, can be seen in the territory’s debt, which peaked at CI$613.4 million ($736.1 million) in...

The Cayman Islands is a British Overseas Territory situated about 180 miles northwest of Jamaica and some 1,300 miles southwest of Bermuda. It is made up of three islands: Grand Cayman, Little Cayman and Cayman Brac. The vast majority of its 68,000 p...

Technology is driving the winds of change in the insurance industry. Insurers are facing pressures to operate more efficiently and to innovate to better meet expectations of customers used to digital convenience in many of the goods and services they...

Correia Construction Company Ltd is to close its doors after 46 years in business. In a notice printed in The Royal Gazette today, the company said that Dennis Correia and his staff had done everything they could to keep the company running”. “Proble...

In the first of a five-part series running every day this week, we run the rule over the economic growth story playing out in the Cayman Islands in an effort to discover what Bermuda can learn from our fellow British Overseas Territory. Bermuda is o...

Estera has merged with Ocorian to create a corporate and fiduciary service and fund administration business with $260 billion of assets under administration. The combined business continues under the Ocorian name, and following the obtaining of neces...

Bermuda based financial solutions firm Abacus Ltd has made Daryl Fubler their new chief operating officer. The newly created role will include managing Abacus’ growth and ongoing evolution of service offerings. Abacus Ltd provides a full range of...

A deadline for a decision on the change of control of Belco to Canada’s Algonquin Power and Utilities Corporation has been extended to October. The Regulatory Authority will issue a final decision on the change of control application. A Bermuda gover...

Shares of Butterfield Bank were down 60 cents, or 1.8 per cent, at $33.40 after 557 traded on The Royal Gazette/BSX Index. In New York, the bank’s shares were up 24 cents, or 0.71 per cent, at $34.07. The Royal Gazette/BSX Index was down 26.99 points...