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Two Hamilton office buildings have found buyers in recent weeks amid increasing activity in the commercial property market. Sales have closed on Hemisphere House and Dorchester House, both on Church Street, said Penny MacIntyre, a partner with Rego S...

One of the most severe years for catastrophe losses has proven to be a “stress test” for Lancashire Holdings. The Bermudian-based company suffered a pre-tax loss of $3.2 million, or three cents per share, in the fourth quarter. For the year, the pre-...

Bermuda’s inflation is 1.9 per cent after it edged 0.1 of a percentage point lower in December. There was a 0.2 per cent decrease in the average cost of goods and services between November and December, as measured by the Consumer Price Index. The al...

Butterfield Bank reported record profits today, and its shares rocketed 11.47 per cent on the New York Stock Exchange. The shares ended the day up $4.62 at $44.89. There was no trading in the bank’s shares on The Royal Gazette/BSX Index, however, 6,0...

Wendell Samuel Famous Brown has retired as a director of Argus Group Holdings. The company announced the change in a filing with the Bermuda Stock Exchange.

The dispute resolution team at Bermuda law firm MJM Limited has been given a Band 1 ranking by Chambers Global 2018. The global law firm rating agency said the team is known for being a “distinguished, independent Bermudian firm that is widely respec...

Butterfield Bank has agreed to buy Deutsche Bank’s banking businesses in the Cayman Islands, Jersey and Guernsey — a deal that could increase its deposit base by about one fifth. The news came as the Bermudian-based bank declared net income of $40.3 ...

Retailers took 2.3 per cent more at the till in December last year, than they did in the same month a year earlier. But sales volume, which is adjusted for inflation, fell by 0.3 per cent — the fourth successive month to see a year-over-year decline....

Finance executives have a chance to discover and discuss ways to keep pace with the evolving expectations of business planning in Bermuda next week. Emergence, a business applications and technology services firm, in partnership with Prophix, is hos...

Saul Froomkin, QC, has joined law firm Christopher E. Swan & Co as senior advisory counsel. Mr Froomkin has practised law for 57 years in a variety of different fields and roles. He was the Solicitor General of Bermuda from 1978 until 1981 and then ...