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No shares traded on the Bermuda Stock Exchange on the eve of the holiday weekend. The Royal Gazette/BSX Index closed unchanged on 2,221.04. The BSX Insurance Index gained 18.03 points, or 1.11 per cent, to close on 1,637.76. Butterfield Bank’s US-lis...

The process of finding a successor to Jeremy Cox, the executive chairman of the Bermuda Monetary Authority, has begun. For the past nine years Mr Cox has headed the BMA and guided the financial-services regulator to important milestone including, in ...

A government agency that supports small and medium-size business start-ups with advice, funding and loan guarantees is to be given greater powers. In some instances, the exercise of those powers may include taking an equity stake in the start-ups. Th...

The sharing of information on accounts in offshore financial jurisdictions like Bermuda is bringing in billions of dollars in tax revenue for the home countries of the account holders. The island joined a global effort to improve transparency on matt...

The Marketplace Ltd has named Kevin Smith as their new communications manager. In his new role, Mr Smith, will be responsible for the company’s social media marketing and advertising with a view to increase brand awareness and social engagement. Add...

Changes are afoot at Standard Hardware, the Bakery Lane supplier to the island’s contracting community. Manager and part-owner David Cassidy confirmed that he is to retire. “I am one of several shareholders, so we’re in the process of seeing where we...

One hundred thousand shares of Argus Group Holdings Ltd changed hands on the Bermuda Stock Exchange. The insurer’s share price gained three cents, or 1 per cent, to close on $3.06. Butterfield Bank also had a positive day, gaining 50 cents, or 1.4 pe...

Two oil tankers that were apparently attacked in the Gulf of Oman today have links to Bermuda. The Front Altair, which is operated by Bermudian-headquartered Frontline, suffered three explosions and was on fire. Its 23 crew members have been rescued....

EY announced that David McGibbon has joined as partner in the advisory practice of EY’s Bahamas, Bermuda, British Virgin Islands and Cayman Islands region. Mr McGibbon brings over 15 years of consulting experience in financial services as well as th...

Bermudian Simon Boden is to rejoin the Fairmont Southampton hotel as the resort’s area director, sales and marketing. Mr Boden, who was previously director of sales and business development at the Bermuda Tourism Authority, will take up the post on J...