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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...

Bermuda’s consumer inflation rate rose to 0.9 per cent in November, with health insurance premiums one of the main contributors to the annual increase. The inflation rate was 0.2 percentage points higher than in October. Year-on-year, prices in the h...

Discussions about the possible sale of PartnerRe have been confirmed by the company that owns the Bermudian-based reinsurer. Exor, the Italian investment firm controlled by the Agnelli family that paid about $6.9 billion for PartnerRe in 2016, in a s...

Valentine’s Day is coming! Prepare yourself for an onslaught of Instagram posts featuring bright flowers, sparkling jewellery, and oversized teddy bears. Your feed is about to get #blessed. If you get to know me for more than ten seconds, you know th...

There were fewer sales of information and communication technology and telecommunication services in Bermuda during 2018. The ICT, content and media sector had a total gross domestic product for the year of $209 million, a fall of $9 million from the...

Global re/insurer Chubb saw its strongest premium revenue growth in five years in the fourth quarter of last year and its Bermuda underwriting operation saw strongly higher pricing. In a conference call with analysts, Evan Greenberg, chairman and chi...

PartnerRe may be up for sale, according to a report that cites a London banking source. The Bermudian-based reinsurer was bought four years ago by Exor, the Italian investment firm controlled by the Agnelli family. Exor paid around $6.9 billion to bu...

Two years ago termites invaded Stephen Mayor’s apartment. He tried everything from special dusts to spraying and spot treatments. “Nothing worked,” he said. In the end he had no choice but to fumigate. Calling around he quickly learnt that there was...

Four new members have been appointed to the board of the Bermuda Business Development Agency. They are Susan Pateras, Barclay Simmons, Marc Telemaque and Leon Thomas. “We are very pleased to welcome Susan, Barclay, Marc and Leon to the board. Each ne...