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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...

Nearly half a million dollars worth of Butterfield Bank shares changed hands on the Bermuda Stock Exchange. The bank’s share price remained unchanged on $52, as 9,329 shares with a value of $484,957 were traded. Butterfield’s US-listed shares gained ...

Bermudian-based Nephila Capital, the world’s largest manager of insurance-linked securities, has agreed to be bought out by US insurer Markel Corporation. Nephila has about $12.2 billion of assets under management and Markel indicated today that the ...

Maiden Holdings has sold its US reinsurance unit to a subsidiary of fellow Bermudian company Enstar Group. Maiden will receive net proceeds of $307.5 million for its Missouri-based subsidiary Maiden Reinsurance North America. Enstar will operate the ...

A new café has opened in Hamilton, and it carries the spirit of the original Lemon Tree Café. Chef Jean-Claude Garzia has created JC’s Café at the premises formerly used by Victoria Grill, on Victoria Street. It has initially opened as a takeout café...