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Butterfield Bank has teamed up with five other retail banks in the Cayman Islands to create an automated clearing house to ease electronic funds transactions and enable same-day transfers. A similar system is already in operation in Bermuda, but Butt...

A US company that provides consumers with an alternative energy drink is now using a local distribution company to sell its product in Bermuda. Florida-based Kona Gold Solutions was founded in 2016 to provide consumers with an energy drink claimed to...

Jumps in the share prices of Butterfield Bank and BF&M Ltd drove The Royal Gazette/BSX Index higher. Insurer BF&M was the biggest climber, gaining 35 cents, or 2.1 per cent, to close on $16.95 as 5,000 shares changed hands. Butterfield climbed 30 ce...

Somers Ltd’s first-quarter profits rose on the back of an increase in the value of the companies in which it invests. The financial-services holding company and owner of Bermuda Commercial Bank, said net income for the first three months of the year ...

Third Point Reinsurance reported a net first-quarter loss of $26 million as investment valuations fell — but gross premiums more than doubled. The Bermudian-based company, whose investments are managed by Dan Loeb’s Third Point LLC hedge fund, said t...

Berkeley Institute students won the annual KMPG Investment Challenge for schools. The competition, contested by 16 teams from seven schools across the island, involves students being given a virtual $100,000 portfolio to manage. They select stocks to...

Watlington Waterworks Ltd’s water sales were the highest in five years in 2017, helped by an America’s Cup-inspired tourism boost and a drought, the company said in a letter to shareholders. Revenue for Watlington, which sells piped and bottled water...

Compliance professionals and those new to regulatory compliance from across the business and non-profit sectors, are invited to attend the inaugural Bermuda Compliance Professionals Conference next week. The event is being staged at the Hamilton Prin...

Enstar reported a net loss of $41.2 million in the first quarter of the year as a fall in the market value of fixed-income securities impacted financial results. The Bermudian-based run-off specialist loss compared to net earnings of $54.7 million in...

Shares of Argus Group Holdings rose six cents, or 1.6 per cent, to $3.91 after 1,000 traded on The Royal Gazette/BSX Index. A total of 7,900 shares of Bermuda Aviation Services Ltd changed hands, but there was no change to the closing price of $2. Th...