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Shares of investment holding company Somers Ltd went up 50 cents to $13.50 on The Royal Gazette/BSX Index. The move, equal to 3.8 per cent, came after 200 shares traded. The Bank of Butterfield was unchanged at $34 after 23,715 shares changed hands. ...

Stock worth more than half a million dollars traded on the Bermuda Stock Exchange last week. Butterfield Bank was the most actively traded stock with 11,837 of its shares changing hands during the five days of trading, as the bank fell 30 cents, or 0...

A new security firm is open for business after a total of 35 staff gained UK Security Industry Authority qualifications. Michael Hansey, owner and technical director of Premier Security, said 23 staff had completed qualifications in door supervision ...

Bermudian-based Axis is to set up its own Lloyd’s managing agency after winning approval from UK regulators. From next month, Axis Managing Agency will manage Axis syndicate 1686 at Lloyd’s in London. Mark Gregory, CEO of Axis Managing Agency and Axi...

Insurance sector leaders who act decisively to embrace disruption from technological advances such as insurtech and artificial intelligence, will emerge as survivors and winners. While those who hesitate face being left behind and seeing their market...

Two companies suffered double-digit percentage falls in Bermuda Stock Exchange trading today. Bermuda Press (Holdings) Ltd, which owns this newspaper, as well as printing, retail and real estate interests, fell $3.51, or 41.2 per cent to $5, on the t...

Full year profit at insurance company Argus Group Holdings Ltd has soared to $12 million, increasing from $7.3 million the previous year. Investment income increased by $16.9 million year-on-year. The results for the year to March 31 represent a retu...

Champion international innovator Peter Corbett will be involved in two live public forums and one private event aimed at local entrepreneurs. The forums will give an insight into how to start a company from scratch, and learn about marketing that lev...

Washington Mall is to start a massive $8 million programme of improvements fuelled by Bermuda’s economic recovery. Some of the upgrades were put on hold after the worldwide recession in 2008 — but mall owners Washington Properties said economic recov...

Dear Dave, I’ve been living in a rental house for some time now. I was just told by the owners that the house is being foreclosed on next week. I’ve tried to call and e-mail them, but haven’t heard anything back. Should I go ahead and pay rent for th...