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Dear Dave, I have a rental property that I still owe some money on, and I’ve just begun Baby Step 2 of your plan. Should rental property debt be included in the debt snowball? — Matt Dear Matt, No, it shouldn’t. Baby Step 2 of my plan is where you u...

Hurricane losses associated with Harvey, Irma and Maria piled up for Chubb Corp in the third quarter, contributing to pre-tax catastrophe losses of $1.9 billion. However, the operating loss per share was 13 cents, beating a Wall Street consensus of 2...

James Nevels has joined XL Group’s board of directors. His financial services and board experience includes being chairman of The Swarthmore Group, an investment adviser firm he founded in 1991, and as past chairman and lead independent director of T...

Exciting new changes are under way for a mini-golf course located in Dockyard. Since opening three years ago, Fun Golf has seen tremendous growth and is a favourite of both locals and overseas guests. Now it is planning to build a new restaurant by M...

Heritage Education Funds International has paid out a total of $46.7 million to families in Bermuda to fund their educational needs. The organisation, which runs savings plans aimed at helping with the costs of postsecondary education, added that i...

Everyone within a company has a role to play in helping to keep their organisation secure from cyberattacks. And blockchain technology could play a key role in cybersecurity in the future, but today we have as much inkling for its possibilities as ea...

A conference focused on offshore financial centres is planning an extra session on the hacking of law firm Appleby and its consequences. Meanwhile fallout from the breach surfaced in the Isle of Man, a UK Crown dependency, where journalists have been...

Bermuda’s gross domestic product — a measure of economic activity — climbed above $6 billion last year for the first time since 2008. While nominal GDP rose by 3.4 per cent, figures released by the Department of Statistics today showed that after eco...

Shares of Butterfield Bank surged 3.6 per cent in Bermuda Stock Exchange trading today. The bank, which was the only stock to trade on the BSX, gained $1.30 to close on $37.80 on the trading of 3,237 shares. Butterfield’s New York Stock Exchange-list...

Aspen Insurance Holdings Ltd intends to slash a total of $160 million off its expenses over the next three years through an efficiency overhaul. The Bermudian-based insurer and reinsurer described the effort as “a comprehensive programme to drive gr...