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The limited liability company (LLC) is the first new legal vehicle to be introduced into Bermuda in many years. The LLC was introduced by the Limited Liability Company Act 2016 (LLC Act), which was passed in the Senate in July 2016 and became operati...

BF&M Ltd shot up 13.6 per cent on substantial trading volume to drive The Royal Gazette/BSX Index higher last week. The insurer’s share price gained $2.45 during the week to close on Friday at a 52-week high of $20.50 on the trading of 27,000 shares....

An island boat transportation firm is celebrating its 35th anniversary. And Mark Selley, founder of Selley’s Boat Trailer and Marine Services, said he never expected to be still in business after buying an existing business in 1981. Mr Selley, who bu...

Richard Bennison has joined the board of Tokio Millennium Re as an independent non-executive director. He has over 35 years of experience in the financial sector, and has spent the majority of his career with KPMG where he most recently held the pos...

Randall & Quilter Investment Holdings Ltd has entered into an arrangement with the Law Society of Ireland in respect of the run-off obligations of the Solicitors Mutual Defence Fund (SMDF). SMDF was established in 1987 as a mutual fund to provide pro...

The Bank of Butterfield yesterday gained 10 cents to $25.10 on The Royal Gazette/BSX Index. The move, equal to 0.4 per cent, came after 5,553 shares sold. The bank’s price on the New York Stock Exchange also rose, up four cents, or 0.15 per cent, to ...

Fourteen Bermuda Gas and Rubis employees have passed a composite cylinder retesting training programme. The training was provided by Jonas Berglund, an overseas LPG composite cylinder expert, who has 16 years of experience in the industry. The Bermud...

Dear Dave, I work for a small company that just won a cruise trip for all the employees. The prize covers just the cruise tickets, and we have to pay for everything else. The problem is that my wife and I currently have more than $50,000 in debt, not...

Third Point Reinsurance Ltd, the Bermudian reinsurer backed by hedge fund Third Point LLC, posted third-quarter net income of $72.1 million as the value of its investments gained. The profit compared to a net loss of $195.7 million in the third quart...

Insurer and reinsurer Lancashire yesterday posted pre-tax profits of $42.9 million. The figure is $10 million up on the same period last year. Gross premiums written dropped $12.2 million to $108.2 million quarter on quarter between last year and thi...