Log In

A conference focused on offshore financial centres is planning an extra session on the hacking of law firm Appleby and its consequences. Meanwhile fallout from the breach surfaced in the Isle of Man, a UK Crown dependency, where journalists have been...

Bermuda’s gross domestic product — a measure of economic activity — climbed above $6 billion last year for the first time since 2008. While nominal GDP rose by 3.4 per cent, figures released by the Department of Statistics today showed that after eco...

Shares of Butterfield Bank surged 3.6 per cent in Bermuda Stock Exchange trading today. The bank, which was the only stock to trade on the BSX, gained $1.30 to close on $37.80 on the trading of 3,237 shares. Butterfield’s New York Stock Exchange-list...

Aspen Insurance Holdings Ltd intends to slash a total of $160 million off its expenses over the next three years through an efficiency overhaul. The Bermudian-based insurer and reinsurer described the effort as “a comprehensive programme to drive gr...

Cryptocurrencies, or “digital money”, are being cited as the next disruptive fintech innovation of our time. Disruptive technologies overturn traditional methods and practices by introducing new ways of doing things. Some believe that cryptocurrenci...

Butterfield Bank will have a presence in two new jurisdictions next year when it completes its planned acquisition of Deutsche Bank’s Global Trust Solutions business. Of particular note is the expansion opportunity into Singapore. Asia is viewed as a...

Rego Sotheby’s International Realty has been “flat out” over the past three weeks dealing with a sudden pick-up in high-end property market activity. The firm has built up its sales team in recent months, mainly because of its role in selling new dev...

The company building the island’s new airport terminal has agreed to be taken over by a Chinese firm. But Aecon emphasised that it will be “business as usual” with the airport redevelopment project. CCCC International Holding, a subsidiary of China ...

Shares of Bermuda Press (Holdings) Ltd, parent company of The Royal Gazette, improved by $1.25, or 25 per cent, to $6.25 after 2,700 traded on The Royal Gazette/BSX Index. Also improving was BF&M Ltd, which ended the day up 70 cents, or 3.8 per cent,...

Validus Holdings Ltd posted a third-quarter net loss of more than a quarter of a billion dollars, driven by heavy catastrophe losses. However, chairman and chief executive officer Ed Noonan said the hit could have been worse, but for the high quality...