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Butterfield & Vallis enjoyed a record-breaking month of May in the run-up to the America’s Cup, seeing sales volume surge and more than 2,300 hours of overtime paid to staff. The food wholesaler and distributor said it also hired 24 extra Bermudian s...

BF&M Ltd’s profits fell by more than $1 million in the first quarter, as results were impacted by the knock-on effects of last year’s hurricane activity. The insurer and pension provider reported net income of $6 million for the first three months of...

Retail sales increased 2.3 per cent in value in April, just over $2 million higher than the same month a year ago. Total retail sales were estimated at $94.8 million. The volume of retail sales was up 1.4 per cent year-on-year. Five of the seven sect...

Shares of Bermuda Aviation Services jumped 70 cents to $2.45 on The Royal Gazette/BSX Index. The increase, equal to 40 per cent, came after 6,000 shares traded. On the New York Stock Exchange, the Bank of Butterfield shed 60 cents, or 1.73 per cent, ...

Randall & Quilter Investment Holdings Ltd has announced two loss portfolio transfer reinsurance contracts in successive days. The deals will transfer around $90 million in undiscounted liabilities to the Bermudian-based insurance services and investm...

Dear Dave, How do you know when you should file an insurance claim on a homeowner’s issue, versus just dealing with it and paying cash? — Ben Dear Ben, Basically, it’s when you begin to feel the pain financially. Let’s say you have a $1,000 deductib...

With the news that Jeff Immelt is stepping down as chief executive officer of General Electric Co, it seems worthwhile to take an early measure of his legacy. After 16 years at the helm, with the stock price essentially unchanged since he took over, ...

Electric buses and natural gas for electricity generation are among the ideas put forward in the National Fuels Policy discussion paper. The Department of Energy has published the 27-page document and is now seeking public feedback on it. The policy ...

Investment manager Blue Capital yesterday said the firm had nearly $174 million in Blue Capital Global Reinsurance after the June renewal period. The company’s total investment after the renewals is down $17.3 million year on year. Mike McGuire, chie...

Combining a laundromat with a coffee shop and making many of the internal mechanisms visible through smart design throws up many challenges. But a young Bermudian architectural design student has shown it can be done, in theory. It proved to be an in...