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Shares of Ascendant Group, the parent company of Belco, rose 49 cents, or 5.2 per cent, to $10 after 9,762 traded on The Royal Gazette/BSX Index. Also improving was Argus Group, with a 20 cent rise, or 5.3 per cent to $3.97 after 46,266 changed hands...

Paul Ashworth has joined Bermudian-based Sompo International as head of marine insurance at the company’s London insurance platform. Sompo said he would manage a diverse portfolio, including hull and liability, and cargo and specie marine classes. M...

LOM Financial gave away $25,000 to charity at an event to mark its 25th anniversary. Around 200 people turned out at the event on Friday evening and all the guests were given the chance to vote for their favourite charity. The winning charity was Fri...

Island Self-Storage is expanding into a new facility in its eighth year of business. The new 8,000-square-foot space is on Cox’s Hill Road, above the DHL Pembroke site. The owners plan a soft opening on February 5, with operational hours from 8:30am ...

Shares of Butterfield Bank reached a 52-week high of $40 after edging up 50 cents, or 1.3 per cent, after 3,600 traded on The Royal Gazette/BSX Index. Three stocks dropped, with Ascendant Group losing 49 cents, or 4.9 per cent, to close at $9.91 afte...

Bermudian run-off specialist Enstar Group Ltd has struck a deal with Axis Capital to acquire Novae Group’s legacy reinsurance business dating from 2015 and before. Axis, the Bermudian-based insurer and reinsurer, acquired Novae last year in a deal wo...

With so much advice out there about saving money, being encouraged to spend could sound a little weird. But that’s what some financial services firms are telling retirees to do — to make a resolution to use more of those dollars they’ve been socking ...

A company incorporated in Bermuda or to which the Companies Act 1981 otherwise applies, can apply to be registered under the Segregated Accounts Companies Act 2000 (Act). A segregated accounts company (SAC) is able to hold certain assets and liabili...

A retired local tennis pro and his business partner are hoping for net gains from their new electronic imports store. “We do it all” is the motto for ED Imports Ltd, located at 107 North Shore Road, opposite Clarke’s Tuxedo Shop. The business aims to...

In this article, I will discuss a topic which, according to the Institute of Directors, is the most pernicious of psychological conditions in board decision making. This is “groupthink”. Frequently found among tight-knit groups (any boards come to mi...