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Bermuda has been at the forefront of innovation since survivors of the Sea Venture shipwreck settled our shores. Successor generations grew from strength to strength, finding ways to survive on an island with limited natural resources. The insurance...

A US company yesterday confirmed that it and a group of investors had made an offer to buy Ascendant Group Ltd, the parent company of power utility Belco. Twenty First Century Utilities, which is based in Washington DC, was previously linked with in...

NEW YORK (Bloomberg) — American International Group shares dropped to the lowest level in almost two years after first-quarter profit declined and fell short of analysts’ estimates. Insurance results were hurt by catastrophe costs and a decline in ne...

Fund administrator Equinoxe’s Bermuda platform has been rebranded by its parent company as Apex Insurance Fund Services. The acquisition of Equinoxe Alternative Investment Services by Apex Fund Services was announced in May last year at the same time...

NEW YORK (Bloomberg) – It was the last day of the World Economic Forum in Davos and Wayne Caines, Bermuda’s national security minister, was about to head home after an exhausting week. But before leaving, he told a group of blockchain enthusiasts, “I...

Bermudian James Birch has been announced as Fairmont Southampton’s new marketing and communications manager. Mr Birch will be responsible for managing the hotel’s digital presence, and assisting the group, leisure, food and beverage, golf, spa, and ...

Butterfield Bank shares gained 1.1 per cent in Bermuda Stock Exchange trading yesterday. The bank climbed 50 cents on the trading of 259 shares. In New York, Butterfield’s US-listed shares did even better, gaining 66 cents, or 1.36 per cent, to $49.0...

Arch Capital’s shares fell more than 2 per cent yesterday after the insurer and reinsurer reported a more than 40 per cent drop in first-quarter net income. The Bermudian company made a net profit of $137 million in the first three months of this yea...

Business owners in St George are joining a team effort in the East End to market new features the town has to offer while also embracing its history. The Hub 1 Steering Committe, which involves multiple oganisations in promoting the cultural and visi...

Aspen Insurance Holdings Ltd beat analysts’ expectations as it posted net income of $30.8 million for the first quarter. The Bermudian insurer and reinsurer’s operating income after tax totalled $63 million, or 91 cents per share, beating the 74 cent...