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Up to 80 US lawyers are set to visit Bermuda in August after the American Bar Association’s annual conference in New York. The ABA has chosen the island for a four-day break following its annual meeting — a first for the organisation and a major boos...

The outlook for Bermuda’s banking system is stable with improving asset quality, strong capital buffers and sound liquidity, which balances profitability challenges, Moody’s Investors Service has said in a new report. The outlook expresses the credi...

The Royal Gazette/BSX Index was unchanged at 2,038.28 after a quiet day. The only activity was trading of a single IRIS Re ILD preferred share, which caused the security to lose 12 cents, or 0.1 per cent, and close at $108.78 Meanwhile, on the New Yo...

Bright colours and eye-catching designs apart, there is a health and wellbeing side to patio umbrellas and outdoor parasols and sunshades. And today, more people are factoring in such considerations when they decide whether to purchase an outdoor sha...

Markel is restructuring its insurance operations to combine two divisions into one. The company, which is based in the US, but which has offices on Front Street, said the new division, to be known as Markel Assurance, would be up and running by the s...

Arch Capital Group Ltd has revealed that its second-quarter profit will take a $38 million hit from reinsurance losses. The news prompted Arch shares to fall more than 2 per cent in early trading on the Nasdaq Stock Exchange and follows filings that ...

A total of 98 per cent of Bermuda businesses have secure servers, according to a Government survey. And 90 per cent of businesses also have a disaster recovery or business continuity plan. The survey also showed that 79 per cent of businesses host th...

Bank of Butterfield shares gained $1 to close at $34 on The Royal Gazette/BSX Index. The increase, equal to 3 per cent, came after 8,483 shares traded. On the New York Stock Exchange, the bank’s stock went up 36 cents, or 1.05 per cent, to $34.55. Th...

The former fiduciary arm of law firm Appleby has bought up a European financial services group. Estera, once part of Appleby, but now an independent business, has taken over Heritage Financial Services Group, which operates from offices in Guernsey, ...

An enterprise that started as a five-minute “idea pitch” two years ago is providing summer employment for 30 students during the next three months. And Xtreme Sports Ltd will be providing an extra choice for families looking for fun ways to keep thei...