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A batch of Bacardi-owned Bombay Sapphire gin has been recalled in Canada after it was found to have nearly double the alcohol content listed on the bottle. Up to 6,000 bottles of the gin, famous for its distinctive blue bottle, are thought to have be...

Established restaurant Thyme has new management in place. Bryden Pedro and chef Cameron Floyd have taken the reins at the Paget restaurant, with a lunch menu on offer. But the pair expect to be open for dinner within the next two weeks. Mr Floyd, a v...

Shares of Butterfield Bank, BF&M and One Communications all climbed as The Royal Gazette/BSX Index climbed 3.4 per cent last week. Butterfield was the biggest contributor to the index’s climb, gaining $1.50, or 4.6 per cent during the five days of tr...

NEW YORK (Reuters) — Bermudian-based bond insurer Assured Guaranty, which has more than $5 billion at stake in Puerto Rico’s debt crisis, has sued the US territory and its financial oversight board, objecting to a fiscal turnaround plan approved by t...

There was no change to The Royal Gazette/BSX Index, which remained at 2,075.92. Only 84 shares of Butterfield Bank were traded, with no change to the closing price of $34. On the New York Stock Exchange the bank’s shares fell four cents, or 0.12 per...

Investment management firm Markel CatCo has announced two promotions. Alissa Fredericks has become chief risk officer after joining the company a year ago as a senior actuary. And Simon Moore has been appointed co-chief underwriting officer, alongsid...

Public consultations were today launched over the future of electricity supply on the island. The Regulatory Authority said the public consultations were a “an important and key opportunity” for business and individuals to provide their views on the ...

Island-based insurer Enstar Group Ltd’s first-quarter earnings rose by more than 20 per cent. The company posted net income of $54.7 million, or $2.80 per share, compared to $45.5 million, or $2.35 per share in the January-to-March period last year. ...

Island-based oil tanker operator Nordic American Tankers Ltd this morning reported a first-quarter loss of $3.4 million, after reporting a profit in the same period a year earlier. On a per-share basis, the company said it had a loss of 3 cents. Loss...

A team of industry experts, led by the Bermuda Business Development Agency, heads to Vancouver and Toronto this week to raise awareness about the value of captive insurance to Canadian corporations. The team visits Vancouver, BC, on Monday and Tuesda...