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Investors have beaten the money managers. Their next adversary will be even more difficult: themselves. It’s impossible to overstate the magnitude of the changes that have swept through the investment industry over the last decade. Until recently, in...

Some $27 million of new bond notes have been admitted to the Bermuda Stock Exchange. The Seaside Re 2020-1 $7 million bond, and the Seaside Re 2020-2 $20 million bond, will be due on January 15, 2021. The issuer is Kaith Re Ltd.

Four tourism-related businesses have qualified for certification that recognises top-level customer service standards. Strykz Bowling Lounge in St David’s, Hog Penny Restaurant & Pub in Hamilton, charter business Sail Bermuda, and the Bermuda Tourism...

Submarine cable company Seabras 1 Bermuda Ltd has filed for bankruptcy protection in the US as it pursues a secured debt-restructuring plan. Severe price drops on a fibre-optic cable system between the US and Brazil have been cited as the reason why ...

As an executive coach, Camille Trott has worked with everyone from Home Depot co-founder Arthur Blank to the Atlanta Falcons. Now she is setting up shop in Bermuda with leadership development and consulting firm Austin Trott International. Previousl...

Shares of Butterfield Bank were down 43 cents, or 1.15 per cent, at $36.90, on the New York Stock Exchange. There were no trades on The Royal Gazette/BSX Index, which was unchanged at 2,384.57 points on the first day of trading since Tuesday. The BSX...

Weaknesses in the British pound and Australian dollar contributed to Somers Limited recording a $9.7 million loss for the year. It has a concentrated portfolio of investments in companies principally in Australia, Bermuda and the UK, and it wholly ow...

On the New York Stock Exchange, shares of Butterfield Bank were down three cents, or 0.08 per cent, at $37.33. The Royal Gazette/BSX Index was closed for Christmas Day and Boxing Day. It will reopen tomorrow. During a shortened trading day on Tuesday...

Bermuda is no longer projected to have a budget surplus this fiscal year. Forecast revenue and expenditure figures indicate a $1.1m deficit is now likely when the fiscal year ends on March 31. An upwards revising of how much interest is being paid on...

This year has been a missed opportunity for the Bermuda Government to apply tax reforms, not only because of a further delay in meeting its target for a budget balance, but also because of the “de facto easing of its fiscal targets” by suspending con...