Log In

Public services could be provided by private-sector firms set up by ex-civil servants, an audience of business people heard yesterday. Erica Smith, executive director of the Bermuda Economic Development Corporation, said: “With the potential restruct...

A combined total of 150 students and insurance professionals took part in speed networking sessions on three days last week. Since 2014 the Bermuda Foundation for Insurance Studies has been holding these opportunities each February for high school se...

Maiden Holdings Ltd made a net loss of $74.7 million in the fourth quarter of last year as the company had to bolster reserves for its commercial auto line of business. The Bermudian reinsurer said the $120.4 million charge included a provision for a...

Utilities firm Ascendant Group gained 35 cents to $7.50 on The Royal Gazette/BSX Index. The move, equal to 4.9 per cent, came after 2,800 shares changed hands. The Bank of Butterfield remained at $32 after 521 shares moved. On the New York Stock Exch...

Losses from Hurricane Matthew and the Kaikoura earthquake in New Zealand were mostly responsible for a $71 million dip in fourth-quarter profits for Endurance Specialty Holdings. The company reported net income of $20.1 million, or 30 cents per dilut...

Frontline Ltd this morning reported fourth-quarter profit of $18.3 million, beating analysts’ estimates. However, Robert Hvide Macleod, the Hamilton-based oil tanker operator’s chief executive officer, predicted pressure on the rates at which the com...

Business confidence has grown over the past few months, a major survey has shown. And Bermuda-only businesses outstripped their international counterparts in the optimism stakes. Local business hit 105.9 in the second survey of last year, up 5.3 poin...

NEW YORK — Hedge fund manager Dan Loeb, seeking to recover from years of underperforming the S&P 500 Index, said he’s optimistic about his approach in the Donald Trump era, as many stocks still have room to advance after the post-election rally. “I’m...

There were mixed fortunes in Bermuda Stock Exchange trading last week as three stocks fell, but two others rose by double-digit percentages. The heaviest trading activity was in shares of Argus Group Holdings Ltd, which fell 20 cents, or 4.2 per cent...

NEW YORK — American International Group’s headcount fell by 10,000 last year as chief executive officer Peter Hancock sold units and cut jobs. The number of employees fell by 15 per cent to 56,400 as of December 31, New York-based AIG said in a regul...