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In an effort to make things flow more smoothly for customers buying water bottles, Bermuda Waterworks Ltd has opened a drive-through facility. A new access road at the business on Parsons Road, Devonshire, doubles as a drive-through route where custo...

Catastrophe bonds hit a $26.82 billion record last year — a new record since the category was launched more than 20 years ago. The outstanding cat bond market was pushed to the new height by more than $7 billion in new cat bonds and insurance-linked ...

Industrial strife and threats to disrupt the upcoming America’s Cup will damage Bermuda’s reputation worldwide, a business leader has warned. John Wight, president of the island’s Chamber of Commerce, said: “In today’s media world, everybody is able ...

Shares of Bank of Butterfield yesterday rose 90 cents to $32 on The Royal Gazette/BSX Index. The move, equal to 2.9 per cent, came after 1,500 shares traded. On the New York Stock Exchange, the bank was up 79 cents, or 2.5 per cent, at $32.39. The Ro...

A Bermudian-based catastrophe bond has passed its attachment point with an impact of more than $195 million at the end of November, it was reported. The attachment point for the $200 million cat bond — the stage at which qualifying losses start to er...

The UK Crown Dependency of Jersey is facing a massive deficit dubbed “the black hole”. The small self-governing territory off the coast of France faces a budget shortfall of more than $178 million a year by 2019 as a result of a downturn in business....

Butterfield Bank shares pulled back 2.2 per cent in the last trading week of 2016 to pare strong gains for the year. The same was true for The Royal Gazette/BSX Index, which closed the year with a 48 per cent gain, helped by Butterfields more than 60...

Renaissance Reinsurance Ltd today has formed Fibonacci Reinsurance Ltd, a special purpose insurer domiciled in Bermuda. Fibonacci Re has been formed to provide collateralised capacity to Renaissance Reinsurance, the principal Bermudian-based reinsur...

The Bank of Butterfield dropped 20 cents to $31.10 on the first day’s trading of the year on The Royal Gazette/BSX Index. The fall, equal to 0.6 per cent, came after 661 shares traded. On the New York Stock Exchange, the bank went up 16 cents, or 0.5...

It’s time for a fresh start. A clean slate. Your biggest dreams! Maybe you want to buy a home, save more for retirement, or enjoy a debt-free vacation next year. Now’s the perfect time to make a plan for your money and your goals! Whatever your new y...