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Butterfield Bank’s board of directors has approved a new $125 million share repurchase programme. The programme, which was announced in a filing with the Bermuda Stock Exchange, will enable the bank to buy back up to 3.5 million of its own common sh...

Members and guests of Bermuda’s chapter of 100 Women in Finance were encouraged to consider ways they can contribute to the community in making an impact outside the boardroom and within society at a panel discussion held by the organisation. The pan...

Butterfield Bank has been named Bank of the Year in Bermuda for the seventh consecutive year. The award for 2019 was bestowed upon Butterfield by UK-based international banking industry periodical The Banker, a publication of The Financial Times, whi...

European Union plans to require large multinational companies to publicly reveal their profits and tax liabilities in each member state have stalled. Twelve countries, including Luxembourg, Malta and Ireland, opposed the transparency measure at a mee...

Insurers withdrawing cover from coal projects have more than doubled this year to 17. Between them they control almost half the world’s reinsurance market, and 9.5 per cent of the primary insurance market. Among those enacting coal exit policies is B...

Two former leading executives of Bermudian insurer Ironshore are to leave Liberty Mutual’s Global Risk Solutions division at the end of the year. The departures of Mitch Blaser and Kevin Kelley come about 2½ years after Ironshore was bought by Libert...

Bermuda’s Civil Aviation Authority ranks among the best in the world on measures of safety. After a safety audit conducted by the International Civil Aviation Organisation in May this year, the BCAA was awarded an overall score that ranked as the ten...

The Royal Gazette/BSX Index dropped 2.24 per cent, or 51.24 points, after shares of Butterfield Bank and BF&M Ltd fell. BF&M was down $2.64, or 12.6 per cent, at $18.36 after 1,589 traded, while Butterfield shares were down 69 cents, or 2 per cent, a...

You can likely thank (or blame) your parents for some aspects of how you turned out. Maybe you have your mother’s eyes or your dad’s habit of chewing with your mouth open. How you manage money is another thing you likely picked up from your parents —...

American International Group has sold a majority stake in its Bermudian legacy reinsurer Fortitude Re. The deal involves private-equity group Carlyle Group and Japanese insurer T&D Holdings partnering to pay $1.8 billion for a 76.6 per cent stake in ...