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Bank of Butterfield has reported profits of $115.9 million for last year — up $38.2 million on the $77.7 million recorded the year before. Net income per share was $1.18, down 5 cents on the previous year. After removing the effects of noncore items,...

Bermuda Chamber of Commerce president John Wight says he supports a broadening of the Bermuda Government’s tax base in the interests of the island’s fiscal stability. His comments came as the Chamber published a detailed “wish list” for the upcoming ...

Butterfield Bank fell sharply on low volume in Bermuda Stock Exchange trading today. The bank’s shares dipped $1, or 3.1 per cent, to close on $31 as 100 shares changed hands on the day Butterfield announced a $115.9 million profit for 2016. Butterf...

Dear Dave, I’m 29, and I have no debt. I’ve gotten a good start on my savings and retirement, too. My girlfriend and I plan to get married in the next couple of years, and she has about $90,000 in debt. I’m not paying on her debt yet, but I think tog...

Arch Capital’s top executive accused some in the insurance industry of “cheating” with reserves. Dinos Iordanou, chairman and chief executive officer of the Bermudian insurer and reinsurer, warned of “noise” in apparently strong balanced sheets among...

Aspen Insurance Holdings Ltd made an operating loss of $7.4 million, or 34 cents per share, in the fourth quarter, partly as a result of a repositioning of its insurance segment. For the year, the Bermudian-based re/insurer’s net income was $203.4 m...

A ship management company with offices in Bermuda is involved in the building of a potentially ground-breaking gas supply vessel. The ship will be used to deliver liquefied natural gas for refuelling of ships, such as ferries, containers and cruise s...

Bermudian-based Frontline Ltd has acknowledged the decision by DHT Holdings to reject an offer to combine the crude oil tanker businesses. Frontline, which is more than twice the size of DHT in terms of market capitalisation and fleet size, had propo...

Appleby partner Vanessa Schrum has won a top award at the Citywealth Power Women Awards in London. Ms Shrum picked up the Woman of the Year award in the professional services category in the competition, sponsored by the international finance magazin...

Retail sales last December fell 2.4 per cent compared to the same period in 2015. The total spend dropped to $108.9 million from $111.6 million, with three of the seven sectors monitored by Government statisticians reporting decreases in sales revenu...