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Companies could be hacked because of the weak cyberdefences of people they do business with. That is the warning from Stephen Bull, managing director of Bermudian firm Independent Consulting Solutions, who added that even a careless act by a vendor c...

LOM Financial Ltd has bought a building to host its Bahamas office. And Scott Lines, the company’s chairman and chief executive officer, believes that smaller boutique financial-services firms like LOM can gain market share as larger players withdraw...

Butterfield Bank shares shot up 5 per cent in light Bermuda Stock Exchange trading. The bank gained $1.75 on the trading of 228 shares to close on $37. Butterfield’s New York Stock Exchange-listed shares also had a positive day, climbing 82 cents, or...

Third Point Reinsurance Ltd has announced a secondary public offering of 14 per cent of the Bermudian company’s outstanding shares. The offering involves 15 million shares being sold by major shareholders KIA TP Holdings and KEP TP Holdings, managed ...

Sompo International has bolstered its casualty reinsurance team with two new hires. The Bermudian-based company, a subsidiary of Japanese insurance giant Sompo Holdings, said Alison Wood and Lorene Phillips would be based in London as both in the rol...

Dear Dave, Do you have any tips for how single people can stay on track with their finances? — Deb Dear Deb, The first thing I’d suggest is the same advice I give to married couples, and that is to spend less than you make, and live on a written, mo...

A few years ago, I wrote: “The economy will one day improve, and the millennials will move out of their parents’ basements. When that happens, expect to see homeownership rates move back higher.” That day has arrived. Millennials are forming new hous...

Lego bricks and sandboxes were part of a business conference discussion on fintech, insurtech and opportunities for Bermuda. The question of supervision, regulation and external influences on Bermuda regarding tech-based start-ups was the focus of a ...

A restaurant owner believes Bermudians should support local businesses more. Walter Simmons, co-owner of Rotisserie Grill at Collectors Hill, in Smith’s, said Bermuda would benefit economically if locals decided to shop locally and recommend local re...

Horseshoe Group has announced two senior hires to strengthen its insurance-linked securities fund administration offering in Bermuda. Keenan Press has been appointed as senior vice-president, head of investor services and Gordon Paterson as group ma...