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The Bermuda Foundation for Insurance Studies has awarded $340,000 in scholarship funding to 16 students focused on careers in Bermuda’s insurance sector. Since the foundation was founded in 1996 it has awarded more than $6.8 million, in scholarships...

Shares of Butterfield Bank were down $2.50, or 7.7 per cent, at $30 after 3,200 traded on The Royal Gazette/BSX index. Tha bank’s shares were up 17 cents, or 0.6 per cent, at $28.31 on the New York Stock Exchange. In the local exchange, shares of Arg...

Arbitrade’s chief operating officer Stephen Braverman has left the company and is leading a new business that owns the crypto tokens once controlled by Arbitrade. Separately, a gold company in the US said it stopped doing business with Sion Trading F...

Renters of electric minicars in Bermuda now have a more muscular option to consider. Rugged Rentals has launched, offering the Hummer HXT, an electric twist on the iconic American vehicle, with a restricted top speed for safety purposes, and a range ...

Essent Group Ltd has reported net income of $136.4 million, or $1.39 per diluted share, for the second quarter. That is up on the $111.8 million for the same period last year. Mark Casale, chairman and chief executive officer, said: “We are pleased w...

Robert Myron has stepped down as chief executive officer of James River Group Holdings Ltd due to ill health caused by Lyme disease. He has taken on the positions of president and chief operating officer, and remains on the board of directors. J. Ada...

SOBC DARAG has announced its new office in Bermuda as it expands its US and Bermudian operations. It is owned by DARAG Group investors, and is the principal vehicle for North American legacy transactions. It said the Bermuda team will provide “a full...

Bermuda plays host to the TradeWinds International Shipping Forum in October. The two-day event aims to bring together decision-makers and influencers from key sectors within the industry. It will also act as venue for networking between shipowners a...

Deloitte Bermuda is supporting and participating in Bermuda’s first Pride Parade, which will be held on August 31. Deloitte is a signatory of the United Nations’ Standards of Conduct for Business to help tackle discrimination against lesbian, gay, bi...

Shares of Butterfield Bank fell $1.16, or 3.96 per cent, on the New York Stock Exchange, to close at $28.14. There were no trades on The Royal Gazette/BSX Index, which was unchanged at 2,164.5. The BSX insurance Index was down 26.7 points, or 1.61 pe...