Log In

Grant Gibbons, the Minister of Economic Development, rose in the House of Assembly to congratulate Qatar Re on its new offices at Belvedere Place, telling MPs the firm was “the exact kind of reinsurance entity we need in Bermuda”. He said the firm st...

Shares of Argus Group improved by 15 cents, or 3.3 per cent, to $4.70 after 10,300 traded on The Royal Gazette/BSX Index. There was also trading in Ascendant Group, with 36,000 shares changing hands but with no change to the closing price. Butterfiel...

The first February tornado in Massachusetts since records began was among notable severe weather that impacted the US last month, causing a total expected insurance industry loss of a $1 billion. The tornado was one of at least four reported in that ...

The operators of one of Bermuda’s lifelines has signed up for a replacement ship. Shipping firm BCL has ordered a new Oleander to replace the current vessel, which has been in service for more than a quarter of a century. The 120-metre, 6,500-ton dea...

Butterfield Bank will increase its lending rates by a quarter of a percentage point after the US central bank raised its key benchmark interest rate today. HSBC Bermuda said it had made no decision yet on how it will respond. The Fed’s quarter-point...

Bermuda’s courts have adopted new rules designed to help struggling international companies to stay afloat. Chief Justice Ian Kawaley said he had issued a new Commercial Court practice direction based on Singapore rules aimed at improving communicati...

Telecoms firm One Communications today rose 10 cents to $2.60 in Bermuda Stock Exchange trading. The 4 per cent move came after came after 15,000 shares traded. The Bank of Butterfield was unchanged at $32.50 after 15,200 shares sold. On the New York...

Aon will today start its 2017 Global Broking Leadership Meeting in Hamilton. The insurance and reinsurance broker and risk management adviser has brought together chief broking officers from more than 15 countries and lines of business, plus other se...

Catastrophe bonds worth almost $290 million have been admitted for listing on the Bermuda Stock Exchange in the past few days. Citrus Re Ltd listed a $125 million catastrophe bond yesterday. The Series 2017-1 Class A principal at-risk variable rate n...

The Bermuda Hotel Association is taking a pragmatic approach to the news that the Bermuda Tourism Authority has signed an agreement with Airbnb. Stephen Todd, president of the BHA, said the organisation had long recognised the presence of small-scale...