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Aurum Fund Management Ltd has achieved remarkable things since it was founded in Bermuda on August 11, 1994. The fund of hedge funds management firm has won more than 50 industry awards for earning its investors steady returns, regardless of market d...

Shares of Butterfield Bank fell by $2, or 5.3 per cent, to $36 after 15,893 traded on The Royal Gazette/BSX Index. Meanwhile, on the New York Stock Exchange, the bank’s shares were down $1.24, or 3.34 per cent, at $35.90. The Royal Gazette/BSX Index ...

A fintech training centre that has worked with likes of University of California Berkeley, and The Wharton School of Business, has partnered with the Bermuda Government to launch a free online programme for Bermuda residents. San Francisco-based FinT...

Retail sales declined for a twelfth consecutive month in February, with all seven retail sectors down year-on-year. Adjusting for inflation, the volume of retail sales fell 4.4 per cent. The January figure was also revised from a 2.9 per cent drop to...

When Richard Vesely, of CNC Automated Carpentry, agreed to build 158 new windows for Sessions House, some people said he was crazy. The historic building on Church Street is going through major renovations, and required a variety of wood-framed windo...

MS Amlin has acquired a strategic stake in Envelop Risk, a global specialist reinsurance managing general agency with a focus on artificial intelligence-driven cyber-risk modelling. The investment sees MS Amlin take a minority strategic stake in the ...

Island Events Group has a busy summer planned, beginning this week with “Fantasy Island”, a two-day music festival to celebrate Bermuda Day. DJ Walshy Fire, one third of electronic dance music trio Major Lazer, headlines the event Thursday and Friday...

A proxy battle between Argo Group International Holdings Ltd and activist shareholders has been halted, but recriminations continue. Voce Capital Management LLC had been pushing to have a number of Argo’s directors removed, and had proposed alternati...

Sexy doesn’t go out of fashion, which is one reason why Eve’s Garden Lingerie is going strong and celebrating 25 years in business. As the milestone was reached, shop owner Liz Adderley decided to freshen things up by relocating the shop to a retail ...

Former Lloyd’s of London’s chief financial officer, John Parry, will become the new Armour Group CFO next month. Armour Group announced the appointment today. “We are delighted that John has agreed to join Armour as group CFO,” said Brad Huntington...