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The future of the electricity sector is up for discussion. This week, the Regulatory Authority of Bermuda will release the Integrated Resource Plan, drawn up by power utility Belco. The document contains detailed proposals on how to achieve a reliab...

Axis Capital Holdings Limited made a profit of $63 million, or 75 cents per share, in the first quarter, compared to $5 million, or 6 cents per common share, for the corresponding quarter in 2017. The Bermudian company’s operating income for the qua...

Richard Branson, one of the world’s most successful businessmen, will be involved “virtually” in next week’s Ocean Risk Summit in Bermuda. The island is hosting the new event, which will be attended by leaders of governments and the economic, environ...

International law firm Taylors in association with Walkers has hired Natalie Neto, formerly of Cox Hallet Wilkinson Ltd. Ms Neto was head of corporate at CHW, where she had worked since 2006, and will join Taylors as a partner. In addition, Taylors s...

Short for an initial coin or token offering, “ICO” has become a common buzzword thanks to the cryptocurrency revolution. But consumers should be cautious if they are considering investing in an ICO because a lack of regulation in this space worldwide...

The rate of inflation jumped to 2 per cent in February, up from 1.6 per cent the previous month. Between January and February the average cost of goods and services in the Consumer Price Index increased 0.3 per cent. The all-items index rose to 104.1...

Butterfield Bank shares fell by $2, or 4.1 per cent, to $47 after 1,532 were traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, the bank’s shares were up 79 cents, or 1.66 per cent, at $48.24. The Royal Gazette/BSX Index was down ...

Greater-than-expected losses from last year’s Hurricane Irma hit Blue Capital Reinsurance Holdings’ first-quarter earnings. The Bermuda collateralised reinsurance provider made net income of $0.5 million, compared to $4.1 million in the first quarter...

A move to require Bermuda to make its register of company ownership public by the end of 2020 has been described as a backwards step in relations between the UK and the UK Overseas Territories by David Burt, the Premier. A debate in the House of Comm...

RenaissanceRe has reported net income of $56.7 million for the first quarter, or $1.42 per share, down from $92.4 million, or $2.25 per share, a year ago. The Bermudian-based company’s operating income available to shareholders more than doubled to $...