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One Communications Ltd was the lone stock to trade on the Bermuda Stock Exchange. The telecommunications group closed unchanged on $3.90 as 50 shares changed hands. The Royal Gazette/BSX Index was unchanged on 1,833.85. For the week, the index slid 2...

Somers Ltd has terminated the agreement to sell Bermuda Commercial Bank to Permanent Capital Holdings Ltd after it received better offers. The financial-services holding company said in a filing with the Bermuda Stock Exchange yesterday: “Somers conf...

A decommissioned subsea cable that once carried internet traffic to Bermuda, and was lying up to three miles below the surface of the ocean, has been recovered and will be recycled. It took three weeks for the remaining submerged section of the Bermu...

When Kristen Carreiro opened clothing store Modblu Boutique on Reid Street, four years ago, there were few rental options in the City of Hamilton. By January it was clear that times had changed. With so many stores closing, many more spaces became av...

Fidelis has raised more than $1 billion of new capital this year ­— and all of it has already been put to work. The privately held Bermudian reinsurer and specialty insurer doubled its capacity to $2 billion this year, through the raising of $800 mil...

Technology provider Fireminds, founded and headquartered in Bermuda, has successfully renewed its SOC2 accreditation. SOC2 is an auditing procedure that ensures service providers securely manage their client’s privacy and organisational data. Only on...

Carey Olsen has been shortlisted for Offshore Firm of the Year at the annual Chambers High Net Worth Awards, having won the award last year. Finalists for the awards, which celebrate legal excellence in the world of private wealth, are selected as a ...

Shares of Butterfield Bank improved 18 cents, or 0.7 per cent, to $25.92 on the New York Stock Exchange. Meanwhile, a total of 33,400 shares of LOM Financial Ltd were traded on The Royal Gazette/BSX Index, but with no change to the closing price of $...

When it comes to building a diverse workforce, Richard Brindle believes that actions count for much more than words. The outspoken chairman and group chief executive officer of five-year-old Bermudian reinsurer Fidelis is the first to concede that th...

American International Group made a loss of $6.7 billion on the sale of its Bermudian-based legacy reinsurer, the insurance giant revealed. AIG reported a net loss of $7.9 billion for the three months from April to June, driven mainly by the hefty ac...