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Butterfield Bank shares were unchanged at $45.70 on the New York Stock Exchange, and also unmoved at $45 on the The Royal Gazette/BSX, where 2,141 of Butterfield’s shares were traded. The local exchange was unchanged at 2,536.71. The BSX Insurance In...

NEW YORK (Bloomberg) — Axa SA is in advanced talks to buy Bermudian-based XL Group Ltd, people familiar with the matter said. A deal could be announced in coming days, said the people, who asked not to be identified because the matter isn’t public. P...

HSBC Bermuda made a profit of $162 million last year, an increase of $45 million, or 38 per cent, year-on-year. Once the impact of notable and one-off items were deducted, the adjusted net income was $140 million, up 22 per cent for the year. Adjuste...

Historical data show that stocks tend to post strong performances during periods of rising interest rates but only below-average results when inflation is rising or above average. This counterintuitive dynamic was explained by Warren Buffett in 1977 ...

Bentley Friendly Society has lobbied David Burt, in his capacity as finance minister, to allow it to sell motor insurance policies covering third-party liability. The organisation is encouraged by the Progressive Labour Party government’s support for...

XL Catlin’s insurance operations in France have a new solution to address the insurance needs of construction engineering firms through a single product. This solution covers material damage due to inherent defects for ten years after the completion...

A new event for entrepreneurs, called the Bermuda Start Up Challenge, will be held this month. It is designed to bring together entrepreneurs with the intent of forming teams to tackle problems that exist in Bermuda today, and design a business plan ...

Enstar Group Limited has reported consolidated net earnings of $311.5 million, or $15.95 per share, for 2017. That is up from $264.8 million, or $13.62 per share, for 2016. The Bermudian-based insurance group said its shareholders’ equity at Decembe...

Ship Finance International Ltd has reported fourth quarter earnings of $20.1 million, or 20 cents per share. The Bermudian-based company’s earnings, adjusted for one-time gains and costs, were 24 cents per share. The results fell short of Wall Street...

A shipment of one of the world’s most popular electric cars is heading for Bermuda, and the vehicles are expected to go on sale later this month. The latest version of the Nissan Leaf, which has a range of about 150 miles on a single charge, will be ...