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The French AccorHotels brand has over 4,500 properties worldwide, and Bermuda’s own Hamilton Princess & Beach Club is among its best. That’s according to the latest US News & World Report annual rankings of best hotels, which just named the Bermuda h...

Shares of Ascendant Group Ltd gained another dollar in Bermuda Stock Exchange trading, taking their gain over the past three weeks to more than 31 per cent. The owner of power utility Belco added 4.8 per cent to close at $22 on the trading of 7,100 s...

Nearly $1 million worth of Butterfield Bank shares traded on the Bermuda Stock Exchange. The bank closed unchanged on $35 as 28,500 shares worth $997,500 changed hands. Butterfield’s US-listed shares gained 82 cents, or 2.33 per cent in New York Stoc...

Chris O’Kane has stepped from his role as group chief executive officer of Aspen Insurance Holdings Ltd after the completion of the company’s takeover by US private-equity group Apollo Funds. Mr O’Kane has led the insurer and reinsurer since it was s...

October’s Retail Sales Index report will be released “within the week”, a government minister promised yesterday. Typically, both the October and November Retail Sales Index reports, produced by the Department of Statistics, would have been released ...

Bermuda was home to 711 active captive insurance companies at the end of last year. The figure was down by 28 from 12 months earlier and down by 65 over the past two years. Bermuda Monetary Authority said yesterday total captive premiums amounted to ...

Somers Ltd has agreed to the conditional sale of its majority stake in UK firm Stockdale Securities Ltd to Shore Capital Markets Ltd in a deal worth up to £4.9 million ($6.3 million). The move follows Somers’ agreement to sell Bermuda Commercial Bank...

The main driver of Bermuda’s increase in gross domestic product is expected to continue to deliver positive economic news, a Bermuda Government minister said yesterday. GDP for the third quarter of 2018 increased 1.6 per cent year-over-year, Governme...

New financing for the resort development at Morgan’s Point is “close to happening”, a Bermuda Government minister said yesterday. Walton Brown, Minister for the Cabinet Office, said there were plans in the works to realise the financing for the proje...

Car dealer Auto Solutions is to launch Bermuda’s first self-serve carwash operated by an app. The app-activated carwash, which opens tomorrow, is located behind Auto Solutions and the Rubis Gas Station on St John’s Road, Pembroke. It will be open Mon...