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Shares of Butterfield Bank gained strongly in Bermuda Stock Exchange trading to lead The Royal Gazette/BSX Index to a 1 per cent gain for the week. Butterfield surged $1.30, or 2.9 per cent, to close the day on $46 as 2,201 shares changed hands. The ...

It is all change at The Terrace on Front Street, which is boasting a new look and menu after being renamed and remodelled. The business, at 55 Front Street, was formerly known as Red Steakhouse and Bar. It is now being run solely by Douglas Olson, an...

Axis Re has named former American International Group executive Megan Thomas as its chief underwriting officer. Ms Thomas will be based in New York in her new role with the reinsurance division of Bermudian-based Axis Capital Holdings Ltd. She will r...

Bermudian-domiciled Athora Holding Ltd announced that it will acquire Belgian insurer Generali Belgium SA in a deal worth €€540 million ($668 million). Generali Belgium is today the eleventh largest insurer in Belgium and is the Belgium-based subsidi...

Technology giant Softbank Group has corrected four years of tax filings after Japanese authorities uncovered hundreds of millions of dollars of undeclared earnings in two Bermuda subsidiaries. The Bermuda entities were set up by two Softbank subsidia...

AM Best has affirmed the ratings of Bermudian-based life insurer and annuities provider Athene Holdings. Athene’s financial strength rating remains at A and its long-term issuer credit rating at “a”. The outlook of Athene and its operating subsidiari...

Bermuda’s vibrant business platform can present many opportunities for individuals to become a director of a Bermuda company. Doing so can be a rewarding experience and, in addition to remunerative benefits, can provide corporate and leadership exper...

Butterfield Bank shares rose 1.1 per cent in Bermuda Stock Exchange trading. The bank gained 50 cents to close on $44.70 as 7,500 shares changed hands. Butterfield’s US-listed shares registered gains in New York trading as well, climbing 60 cents, or...

The insurance industry is changing and Bermuda is evolving with it. That was one of the messages that David Burt, the Premier, gave to risk professionals at the insurance industry’s largest annual gathering yesterday. Speaking from the Risk and Insur...

A local storage facility is expanding, adding more units to its already successful business. Bermuda Public Storage, located on Elliott Street, opened its doors six years ago during the recession and since then has been pleased with its success. Desp...