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Bermuda’s overall threat rating for money laundering has increased from medium to medium-high after a comprehensive update to its 2013 risk assessment was carried out last year. The Bermuda Monetary Authority said the increase in the rating does not ...

The landmark Hamilton Princess Hotel has hired seven new staff at the end of a special training programme. Tim Morrison, general manager of the hotel, said the room attendant training scheme was set up with the Bermuda Hospitality Institute and the G...

Law firm Carey Olsen Bermuda has appointed Cheri Minors as a senior associate in its trusts and private wealth practice. Ms Minors, who joins the firm after working as in-house legal counsel and group compliance manager for insurer Colonial Group Int...

Butterfield Bank remained unchanged on $47.75 as 1,000 shares changed hands in Bermuda Stock Exchange trading. The bank, whose US-listed shares fell 2 cents to close on $48.30 in New York, was the only stock to trade on the BSX yesterday. The Royal ...

Bermudian-based insurer Colonial Group International Ltd is set to broaden its market presence in the Caribbean after it acquired a minority interest in Beacon Insurance Company Ltd of Trinidad and Tobago. The partnership agreement, which is subject ...

Blockchain technology company Shyft has pledged to invest up to $10 million in Bermuda over a three-year period, creating new jobs, helping to re-skill workers and investing in local businesses, education and infrastructure. Those are some of the hig...

A 20-strong delegation from Bermuda has been in New York City promoting the island’s pioneering work to regulate the global blockchain industry. David Burt has been at the forefront of the efforts. As he ended two days of activities in the city, The ...

Shares of Argus Group Holdings Ltd fell by six cents, or 1.5 per cent, to $3.85 after 14,100 traded on The Royal Gazette/BSX Index. There was also trading in 2,700 shares of Butterfield Bank, but with no change to the closing price of $47.75. On the ...

A double-pronged solution is in place to help entrepreneurs and small and medium-sized businesses secure the financial backing and support they need to help them succeed. Some have faced a barrier to progress because they do not have sufficient colla...

SOUTHAMPTON, Bermuda — Coral reefs, mangroves and even some fish could soon have their own insurance policies as the industry seeks new ways to boost protection for those affected by the ocean changes wrought by climate change. Warmer sea temperature...