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Financial services investment company Somers Ltd yesterday announced a net loss of $6.6 million for the six months to the end of March. However, the parent company of Bermuda Commercial Bank and part owner of several businesses in Britain and Austral...

Upmarket hotel company Ritz-Carlton is to launch a luxury yacht and cruise line targeted on smaller ports and glamour destinations. But the firm, which is due to open a Ritz-Carlton Reserve property at Caroline Bay next year, yesterday declined to sa...

The expectations of others can be a powerful force in driving success, according Ronan Tynan, a Paralympic multiple gold medallist, medical doctor, tenor and motivational speaker. In a presentation at the Association for Talent Development conference...

The island’s hosting of the America’s Cup has given a number of business ventures an opportunity to shine, among them Bermuda Smokehouse. From catering to VIP events hosted by Groupama Team France, to taking delivery of a second industrial smoker, th...

Bank of Butterfield shares lost 50 cents to $33 on The Royal Gazette/BSX Index. The drop, equal to 1.5 per cent, came after 3,348 shares traded. On the New York Stock Exchange the bank also dropped, down 10 cents, or 0.30 per cent, to $33.34. The Roy...

Duncan Simons has been appointed as president of the Institute of Bermuda Architects (IBA) and Lisamarie Masters as vice-president. Mr Simons, previously the vice-president, has been selected to lead the IBA as it continues to represent the architect...

Bond insurer Assured Guaranty Ltd’s operating units have had their AA rating affirmed by Standard & Poor’s — even though the credit ratings agency expects to see some losses from bonds issued by debt-saddled Puerto Rico. S&P Global Ratings cited the ...

Two of Air Care Ltd’s sales team have been awarded the prestigious Linc Network Diamond Award. The industry awards were presented to Marlyn Kelch, lead sales consultant, and Reggie Weeks, senior sales consultant, at the All-Star Diamond Event in Nap...

Four more Bermudian firms have won major contracts as part of the project to redevelop the LF Wade International Airport. And eight more island companies have won smaller contracts to carry out work at the construction site. Aecon Group, a partner in...

ILS (Bermuda) Ltd, organisers of Bermuda Convergence 2017 today announced the event’s first keynote speaker, author, journalist and consultant Dan Gardner. He co-authored his latest bestseller, Superforecasting: The Art and Science of Prediction, w...