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Three companies’ share prices fell last week as more than $756,500 worth of stock changed hands in Bermuda Stock Exchange trading. Watlington Waterworks saw the largest decline, slumping $3, or 12 per cent, to close on $22 as 500 shares traded. Devon...

Sompo International Holdings Ltd has launched its new Luxembourg-based subsidiary SI Insurance (Europe), activating its post-Brexit plan well ahead of Britain’s departure from the European Union next year. Sompo International, which is based at offic...

Maiden Holdings’ sale of its US reinsurance unit to a subsidiary of fellow Bermudian company Enstar Group makes sense for both companies, according to investment research company Zacks. Maiden will receive net proceeds of $307.5 million for its Misso...

A former hotel room attendant who launched her own cleaning business is now expanding the firm’s services. “We do more than just clean” is the new motto for D&T’s Cleaning, which refers to Dream Team Services. The mobile business launched a few mont...

Butterfield Bank shares gained 0.3 per cent in Bermuda Stock Exchange trading. The bank closed up 15 cents at $52.15 as 1,157 shares changed hands. Butterfield’s US-listed shares fell 23 cents, or 0.4 per cent in New York, to close on $52.61. Devonsh...

Polaris Holding Company Ltd reported an annual profit of $1.3 million as America’s Cup-related cargo boosted revenue. The parent company of Hamilton docks operator Stevedoring Services Ltd said revenue climbed by $968,000, or 8.8 per cent, to $11.92 ...

French reinsurer Scor has bluntly denied reports that it has been in discussions over a potential tie-up with Bermudian firm PartnerRe. The rumour was published on the website of French business publication BFM. Scor said: “Formally denies the claim ...

Dear Dave, How do you feel about taking money out of savings to pay off credit cards? — Peggy Dear Peggy, I’m okay with this under two conditions. One is that you cut up the credit cards, close the accounts, and never use those things again. The se...

So, you want to become a millionaire. You know your goal, but maybe it seems too far off in the distance, too improbable, too unattainable, for an everyday person like you to reach. You’ve seen the success stories on TV, but those people inherited th...

The Bermuda Monetary Authority has proposed wide-ranging fee increases and new charges for some of its services. It believes it will need a further 39 full-time staff by 2020 to continue to effectively fulfil its role and expanding mandate, and has p...