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Bermudian reinsurer RenaissanceRe Holdings Ltd reported net income of $367.9 million and trounced the estimates of Wall Street analysts. Profits soared more than 90 per cent from the $191.8 million the company made in the corresponding quarter last y...

Shareholders of Ascendant Group Ltd are to meet on August 9 to vote whether to approve the sale of the company to Canadian utility group, Algonquin Power & Utilities Corporation. Ascendant, which owns Belco among other interests, has accepted a takeo...

Details from a trove of 200,000 documents obtained from the former Mauritius office of law firm Conyers have been published by an investigative journalism website. Conyers said yesterday that the confidential papers had been “illegally obtained” and ...

Bookmaker Albert Steede has vowed to overcome the challenges posed by a testing business environment. Mr Steede, a former teacher and Bermuda cricket captain, is the owner of Seahorses, the well-established betting shop on Queen Street, Hamilton, as ...

Butterfield Bank’s second-quarter net income declined by more than $11 million year over year due to a number of restructuring initiatives. Net income for the quarter was $38.6 million, compared to $49.7 million in the second quarter of 2018, and $52...

Shares of Butterfield Bank rose 0.7 per cent in Bermuda Stock Exchange trading. The bank gained 24 cents to close on $33.34 as 300 shares changed hands. The day after Butterfield announced net income of more than $38.6 million for the second quarter,...

Economist Robert Stubbs will give a public presentation on how the island’s economy can be rejuvenated. Wednesday evening’s presentation, entitled “Building an Economic Roadmap to Bermuda’s Future” will detail an economic stimulus programme for Bermu...

Aviation finance lawyer Angela Atherden is flying high. Ms Atherden, who is counsel at Conyers’ Bermuda office, has been recognised as a “rising star” by Airfinance Journal, a market-leading financial publication of the global aircraft and aviation b...

Fintech firm Circle is to set up shop in Bermuda with the creation of more than 30 new jobs in the next two years. And the US-based firm said its Bermuda operation would be the springboard for a worldwide drive to secure a major chunk of a global cry...

Shares of Ascendant Group rose by nearly 25 per cent as the company announced a special shareholders meeting on August 9 to consider its proposed sale to Algonquin Power & Utilities Corporation. The company, owner of power utility Belco, gained $5.99...