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Clarien Bank Ltd’s net profit more than doubled last year to $1.2 million as new lending grew strongly and operating expenses fell. However, non-performing and impaired loans made up 15 per cent of the bank’s loan portfolio — up from 14 per cent in 2...

Insurance firm Argus dropped 25 cents to $4.50 in Bermuda Stock Exchange trading today. The fall of 5.3 per cent came after 2,000 shares traded. The Bank of Butterfield was unchanged at $31.50 after 4,300 shares moved. On the New York Stock Exchange,...

In the fall of 2007, an analyst named Meredith Whitney from a second-tier Wall Street firm would make a name for herself in the world of finance when she predicted that Citigroup was so undercapitalised and mismanaged that it would surely be forced t...

Dear Dave, My wife and I argue a lot about finances. We’re trying to get more control over our money, and she has been listening to you. That’s helped a lot. She’s also a lot more frugal than I am, and our biggest point of contention right now is how...

NEW YORK (Bloomberg) — Bermuda’s Assured Guaranty is among bond insurers whose shares have been hit in recent days by speculation that its exposure to potential losses related to indebted Puerto Rico could turn out to be greater than previously expec...

Front Street store Urban Cottage is to showcase island designer Juliana Gibbons at a special event tonight. The limited edition Retrograde collection, inspired by a fire that devastated Ms Gibbons’ home, will be on show and available for order. Ms Gi...

The Bermuda Stock Exchange last month 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 o...

US insurer Allstate is behind a new $375 million cat bond to be listed on the Bermuda Stock Exchange. The BSX announced yesterday that the Sanders Re 2017-1 cat bond had been admitted for listing. The bond will cover Allstate and its subsidiaries ag...

West Hamilton Holdings Ltd dropped 49 cents to $6.01 in Bermuda Stock Exchange trading today. The property developer’s 7.5 per cent fall came as 2,600 shares traded. Shares in four other firms traded — but with no change in value. BF&M was at $20.50 ...

In a search for greater diversity and income potential in the face of competition and unattractive economic conditions, reinsurers that in the past had not had a significant primary insurance component appear to be moving in that direction. “We are s...