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Financial services investment firm Somers Ltd broke even in the third quarter of its fiscal year — down from an $8.6 million profit in the same period of last year. But the firm said that a decline in the UK pound against the dollar amid turmoil in B...

The Bank of Butterfield climbed 5 cents to $19.30 in Bermuda Stock Exchange trading today. The move, equivalent to a 0.3 per cent increase, came after 2,000 shares traded. The Royal Gazette/BSX Index closed up 2.25 points, or 0.17 per cent, at 1,351....

Women in the insurance industry still struggle to reach the top of the corporate ladder, a report by professional services firm PwC said yesterday. And the industry is one of the least popular with women millennials looking for a career, with 13 per ...

The impact on Bermuda’s alternative investment management industry after the UK’s decision to quit the European Union is to be discussed this Friday. The Alternative Investment Management Association will look at the implications of Brexit, as well a...

Knowledge. Most of us seek improve our skills in a variety of ways as we strive to develop and improve our abilities to contribute to our careers and our communities. As part of these efforts we read, we attend seminars or workshops, we learn from m...

Bermuda registered one new insurance company last month, the Bermuda Monetary Authority said yesterday. The creation of Breakwater Insurance brought the total number of firms registered to the end of August to 36 — 24 insurers and reinsurers in all c...

An award-winning international film company has set up shop in Bermuda. And Wishing Step Pictures is believed to be the first to use the island’s segregated accounts company structure to create a business — and it is hoped other filmmakers will follo...

A French banker is the new CEO of the Bermuda Commercial Bank. Hubert Esperon joined BCB earlier this month after more than two years in charge of Dutch bank GE Artesia, while also serving as chairman of Aegean Baltic Bank. Alan Gilbertson, BCB chair...

Shares of insurance firm BF&M jumped 74 cents, or 4.3 per cent, on The Royal Gazette/BSX Index. On Monday the company reported half-year net earnings of $13.2 million, up $1.8 million compared with the same period in 2015. Yesterday 200 of the compan...

Bermuda is “confidently emerging from the throes of an economic downturn”, a cabinet minister said on a visit to an international reinsurance company. Senator Jeff Baron, the Minister of National Security, told staff of RenaissanceRe Holdings that th...