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London is at risk of losing its global share and importance in reinsurance to places like Bermuda, a new report has warned. “London Matters — The Competitive Position of the London Insurance Market”, commissioned by the London Market Group, said that...

New popcorn company Savory Kernels has got a boost from the America’s Cup. For the company, founded less than a year ago by Deshun Simmons and business partner Wollette Smith, is to be one of the four “sweet cuisine” retailers in the Dockyard AC Vill...

Shares of Bank of Butterfield were down 75 cents to $33.25 on The Royal Gazette/BSX Index. The fall, equal to 2.2 per cent, came after 4,267 shares traded. On the New York Stock Exchange, the bank was also down — 20 cents, or 0.58 per cent, at $34.17...

Profits at Watlington Water last year went up nearly $107,000 to $2.29 million compared to the $2.18 million recorded for 2015. The annual report for the firm said total revenue amounted to $10.54 million, more than $329,000 up on the previous year’s...

Belco’s operating earnings surged 36 per cent last year as the power utility benefited from in increase in tariff rates for electricity from June last year. The company earned $24.3 million, according to figures released today by its parent company A...

Butterfield Bank is aiming to cut operating costs as it moves some middle-office functions and back-office departments to its service centre in Canada. It is expected that this will allow the bank to reduce its expenses in Bermuda and Cayman. There h...

Tour boat Restless Native is back in service after a massive refit in time for the upcoming America’s Cup. And Zander Dill, owner of the distinctive pink-hulled Bermuda-build catamaran, said business had rocketed since word of the series of upgrades ...

The Bermuda Stock Exchange has launched its “Own Your Share of Bermuda” campaign to raise awareness of opportunities to invest in the island’s public companies. The Royal Gazette is supporting the effort by publishing weekly features on each of the 1...

A special seminar on hurricane preparedness for businesses is to be held. Aimed at senior executives, the seminar will update attendees on how the island is preparing for this year’s hurricane season. Steve Cosham, national disaster and public events...

Promises of prosperity from the Government have failed to materialise as Bermuda once again finds itself in a recession, the leader of the Progressive Labour Party says. But Bob Richards, the Deputy Premier and Minister of Finance, yesterday called ...