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A new line in corporate misconduct investigations coverage has been launched for company executives by insurance and reinsurance firm XL Catlin. The directors and officers coverage has been enhanced in the wake of US federal law enforcement’s increas...

A bid by Bermudian-based Frontline Ltd to acquire an independent crude oil tanker company less than half its size, is part of consolidation pressure across the sector. And while the non-binding proposal has been rejected by the directors of DHT Holdi...

The rate of inflation dropped slightly last December to 1.6 per cent, 0.1 percentage points down from November. The price change refers to the standard basket of goods and services measured by the consumer price index compared to the same period in 2...

One Communications has rolled out almost 60 miles of superfast fibre-optic cabling since it started installing its FibreWire network last year. The cabling now reaches about 1,400 homes. It is part of a $20 million investment by the Bermudian-owned i...

Bank of Butterfield today fell $1.50 to $31 in Bermuda Stock Exchange trading. The drop of 4.6 per cent came as 1,155 shares changed hands. On the New York Stock Exchange, the bank’s share price also fell, down 91 cents, or 2.83 per cent, to $31.29. ...

Nordic American Tankers made a $1.8 million loss in the fourth-quarter. That equates to a loss of two cents per share. Five analysts surveyed by Zacks Investment Research had estimated the Bermudian-based company would post a break-even result. For ...

It is only February, but it is turning out to be a busy year for Joshua Bate Trading Bermuda. The business is celebrating its 25th anniversary and has just relocated the Bate’s showroom to larger premises. The appliance and building materials compan...

An international law firm that linked up with an island legal company has won the right to be recognised in Bermuda. But the winning case by Walkers (Bermuda), which set up an agreement with Bermudian firm Taylors under a licensing deal, is set to be...

Everest Re Group Ltd last reported fourth-quarter net income of $373.6 million and comfortably surpassed analysts’ expectations. On a per-share basis, the Bermudian reinsurer said it had profit of $9.08. Earnings, adjusted for investment gains, came ...

A new firm chaired by Bermuda insurance industry veteran Brian Duperreault aims to streamline the insurance process for small businesses has picked a chief executive officer. And Attune — the creation of AIG, Mr Duperreault’s Hamilton Insurance Group...