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A professional cleaning and restoration business has expanded its services by opening a sister company that caters to specialised residential and commercial cleaning. KAM Restoration/Cleaning Solutions has also relocated from its original base in Mil...

Executives of mortgage insurer and reinsurer Essent Group Ltd said that the company’s Bermuda structure still gives it a tax advantage — even after US tax reform reduced the benefit. Essent reported first-quarter profits of $111.1 million last Friday...

Shares of One Communications Ltd improved by eight cents, or 2.9 per cent, to $2.88 after 10,479 traded on The Royal Gazette/BSX Index. Also improving was Butterfield Bank, up 20 cents, or 0.4 per cent, to $48.20 after 673 shares changed hands. Argus...

Triton International Limited, the world’s largest lessor of intermodal freight containers, made adjusted net income of $79.8 million, or 99 cents per share, in the first quarter. That is up on the $35.4 million, or 48 cents per share, achieved in th...

Dear Dave, When is it okay to have a little fun, and buy things you want, when you’re following the Baby Steps plan? — Kaitlin Dear Kaitlin, The time for a little fun is after you’ve completed the first three Baby Steps. Baby Step 1 is saving $1,000...

Bermuda has been at the forefront of innovation since survivors of the Sea Venture shipwreck settled our shores. Successor generations grew from strength to strength, finding ways to survive on an island with limited natural resources. The insurance...

A US company yesterday confirmed that it and a group of investors had made an offer to buy Ascendant Group Ltd, the parent company of power utility Belco. Twenty First Century Utilities, which is based in Washington DC, was previously linked with in...

NEW YORK (Bloomberg) — American International Group shares dropped to the lowest level in almost two years after first-quarter profit declined and fell short of analysts’ estimates. Insurance results were hurt by catastrophe costs and a decline in ne...

Fund administrator Equinoxe’s Bermuda platform has been rebranded by its parent company as Apex Insurance Fund Services. The acquisition of Equinoxe Alternative Investment Services by Apex Fund Services was announced in May last year at the same time...

NEW YORK (Bloomberg) – It was the last day of the World Economic Forum in Davos and Wayne Caines, Bermuda’s national security minister, was about to head home after an exhausting week. But before leaving, he told a group of blockchain enthusiasts, “I...