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Shares of Bermudian-based re/insurer Hiscox rose more than 4 per cent in London yesterday after the company said its exposure to potential coronavirus-related losses was “manageable”. In an interview with The Royal Gazette, Rob Childs, chairman of Hi...

The Royal Gazette is to introduce a “paywall” that would require readers to pay for some of the content on its website. The move comes as the newspaper’s parent company, Bermuda Press Holdings Ltd, plans to transition its publishing division’s offeri...

Shares of BF&M Ltd fell 75 cents, or 3.9 per cent, to $18.25 after 100 traded on The Royal Gazette/BSX Index. There was also trading in 8,600 shares of One Communications Ltd, but with no change to the closing price of $3.75. On the New York Stock Ex...

Shares of Butterfield Bank were down $1.75, or 5.9 per cent, at $28 after 1,100 traded on The Royal Gazette/BSX Index. In New York, the bank’s shares were down $1.52, or 5.23 per cent, at $27.54. The Royal Gazette/BSX Index was down 78.71 points, or ...

Chris Downey is to succeed Sanjoy Mukherjee as managing director and chief executive officer of Everest Reinsurance (Bermuda) Ltd, the organisation’s parent company announced. Everest Re Group Ltd said Mr Mukherjee would transition from his Bermuda r...

In an effort to provide customers with savings on groceries, The MarketPlace has launched a programme that gives access to “20 to 30 quality items” at low prices each month. This will be in addition to its normal bi-weekly specials, the company said....

Two Bermudian chefs, fresh off their collaboration with international culinary star Eric Adjepong, are launching a weekly culinary experience to carry forward January’s sell-out Restaurant Weeks dinner. After teaming up with Mr Adjepong of Bravo TV’s...

Requiring first-time homebuyers to live in their property for three years before receiving stamp duty relief has seen sales under a government programme “grind to a halt”, a leading real estate industry figure said. Sharon Cranfield, chairwoman of th...

The Bermuda office of London-based re/insurance specialist Neon is to remain open for at least another four months, a spokesperson said. “Neon is keeping an office open until at least June as it manages an orderly run off,” she said. It was announced...

HSBC Bermuda’s net profit rose 3 per cent to $143 million last year. Total operating income before expected credit losses was $281 million, in line with the prior year. The bank said decreases in net interest income were offset by higher net fee inco...