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World-renowned sailor Jimmy Spithill is selling his house in Bermuda, with an asking price of $8.5 million. The skipper of Oracle Team USA in June’s America’s Cup had bought the house at 62 Harbour Road, Warwick, after the team based itself on the is...

A popular town centre café has created a healthier approach to dining. Café 4 has always been known for its unique mix of foods, from the salad bar to sandwiches, sushi and more. The eatery in Windsor Place, Queen Street, has undergone changes to cr...

As seen on television and in most trendy stores overseas, an international style consultant has now been introduced locally by Gibbons Company to enhance services within the store. Paula Clarke, CEO of Gibbons Company, said: “We are bringing on Shiva...

Butterfield Bank has entered into an agreement to acquire Deutsche Bank’s Global Trust Solutions business, excluding its US operations, it announced this morning. Terms of the agreement have not been disclosed. Upon completion of the transaction, wh...

Butterfield Bank was the only stock that traded on The Royal Gazette/BSX Index. After reporting third quarter profit of $41.1 million, and announcing a planned acquisition of Deutsche Bank’s Global Trust Solutions, the bank’s shares closed unchanged ...

Axis Capital Holdings Ltd tonight reported a third-quarter net loss of $468 million, as it dealt with hefty claims related to natural disasters. The Bermudian insurer and reinsurer estimated catastrophe pre-tax net losses at $617 million, resulting ...

Butterfield Bank has reported a profit of $41.1 million for the third quarter, up $5 million on the previous three months. The results were released this morning, along with news that the bank is to acquire Global Trust Solutions from Deutsche Bank. ...

Rapidly evolving risks have rendered the insurance industry less relevant, according to Mike McGavick. But the chief executive officer of XL Catlin believes the industry can re-establish its importance in the global economy, if it cuts costs, develop...

Insurance prices “have to improve” in the wake of expected $100 billion of insurance industry losses from hurricanes Harvey, Irma and Maria, and earthquakes in Mexico. And according to industry executive Jonathan Reiss, January renewals “are going to...

Companies may lose valuable employees if they fail to develop talent with ongoing efforts rather than simply train them up and expect them to get the job done. That’s the view of Jennifer Smatt, president of consultancy Ontru, who said the company is...