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The Centre of Philanthropy has teamed up with QuoVadis and LinkBermuda to meet its information technology needs. The charity has chosen a cloud-based solution rather than continue to own and operate on-premise computer servers and security systems, d...

The Carlyle Group has exited its position with Butterfield Bank after seven years as its largest shareholder. Following the closing of Butterfield’s registered secondary offering by a number of shareholders, Carlyle no longer own any common shares in...

An expert in property law is to hold a series of free clinics this month to help people with real estate problems. Mathew Kelly, a director at Hamilton-based Chancery Legal, will hold the clinics on Saturday afternoons throughout March. Mr Kelly, who...

Rego Sotheby’s International Realty has given special recognition to three of its staff for “their exceptional 2016 performance”. At the annual awards, the real estate company’s Rhonda Casling was named top selling agent, top listing agent and top co...

XL Group estimates it will face a $75 million impact on its carried reserves as a result of a decrease in the discount rate used to calculate lump sum awards in British bodily injury cases. The Bermudian-based company said impacts on its insurance se...

The Bank of Butterfield today rose 50 cents to $32.50 in Bermuda Stock Exchange trading. The 1.6 per cent move came as 3,078 shares moved. On the New York Stock Exchange, the bank rose 90 cents, or 2.76 per cent, to $33.50. Utilities firm Ascendant l...

Hiscox made record profits in 2016 helped by favourable foreign-currency moves and increased earnings from its Hamilton-based reinsurance division. The group’s profits totalled £354.5 million ($440.8 million), up 64 per cent on 2015. The relative wea...

Online entrepreneur Natasha Tucker has launched a crowdfunding drive to boost her UK green fashion website. Ms Tucker, co-owner of Reve en Vert, based in London, said: “Basically, we thought it was a really good way to engage our community and custom...

Adversity. I read a book over the last week that theorised that those who have faced significant adversity seem to have more success in growing entrepreneurial businesses than others. From my own experience there is little doubt that the challenges ...

Enstar Group Ltd has reported consolidated net earnings of $264.8 million, or $13.62 per fully diluted share, for 2016. That was up on the $220.3 million, or $11.35 per fully diluted share, for 2015. Bermudian-based Enstar is a multifaceted insurance...