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From being a law firm with only one employee a year ago, Carey Olsen Bermuda now has 17, and is set to add another four early in the new year. Michael Hanson, managing partner, in association with leading international offshore firm Carey Olsen esta...

Conor O’Dea has joined the board of directors of BF&M Limited. He joined Butterfield Bank (Cayman) in 1989, serving as managing director from 1997. After also taking on the positions of president and chief operating officer with BNTB Group, he retire...

Shares of Butterfield Bank fell by $1, or 3 per cent, to $32.50 on The Royal Gazette/BSX Index after 307 traded. On the New York Stock Exchange, the bank’s shares were down 79 cents, or 2.46 per cent, at $31.35. The Royal Gazette/BSX Index was down 4...

A study by PwC has concluded that 65 per cent of millennials would not be able to handle a $2,000 unexpected expense and that they are unlikely to seek financial advice. The article discusses the way this generation thinks about money and their outlo...

Approximately 50 corporate professionals attended the 100 Women in Finance “Let’s Talk Digital Assets” event. The event, which was sponsored by EY Bermuda, brought together experts to discuss important topics such as the practical applications of vi...

For the first time in 5½ years, retail sales have fallen for more than six consecutive months. In September, the volume of sales dropped 6.8 per cent when adjusted for the rate of inflation, which was measured at 2.2 per cent that month. In dollar va...

John Charman will leave his role as chief executive officer of Bermudian-headquartered Sompo International Holdings Ltd next year to become CEO of Overseas Insurance Business at parent company Sompo Holdings Inc. In his new position he will head up a...

Shares of HSBC Holdings Ltd fell 20 cents, or 2.39 per cent, to $8.15 after 200 traded on The Royal Gazette/BSX Index. There was also an exchange of 2,000 shares of Ascendant Group Limited, and 3,999 shares of One Communications Ltd but with no chang...

The Bermuda Monetary Authority has released a draft code of practice for digital asset custody for consultation that prescribes measures to ensure a high level of care when safeguarding client’s assets. The consultation period is for one month. The ...

A potentially $1 billion reinsurance company has been unveiled by RenaissanceRe Holdings Ltd and major pension fund manager PGGM, of the Netherlands. The new company is called Vermeer Reinsurance Ltd has approval in principle to be licensed and regul...