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The Royal Gazette/BSX Index closed unchanged at 1,363.71. A total of 11,000 Bank of Butterfield shares sold, leaving its price unchanged at $2. Utilities firm Ascendant was also unchanged at $5.45 after 400 shares changed hands. The BSX Insurance Ind...

NEW YORK (Bloomberg) — Like an archer at the Olympics, Arch Capital has landed its target: AIG’s mortgage insurance business. The Bermudian-based insurer said late on Monday that it would buy United Guaranty for $3.4 billion in cash and stock. The de...

Digicel Bermuda has boosted its range of smartphones by adding iPhones to its selection. The move “completes the set” for the company, which already sold Android devices, Blackberries and its own DL range of smartphones. Adding iPhones to its range h...

Reinsurance capital hit $580 billion at the end of the first quarter of the year — equalling the previous peak supply reached in the same quarter last year. The latest figure was up 3 per cent on the end of 2015. Alternative market capacity, however,...

The Bank of Butterfield shares dropped two cents, or 1 per cent, on The Royal Gazette/BSX Index. The fall came after 13,000 shares moved, with the shares closing at $2. Watlington Waterworks closed unchanged at $20.25 after 650 shares sold. The Royal...

We are in the middle of the Summer Olympics. One thing really strikes me as one watches various events. The focus seems to be on the medals, but when you look at the quality of the competition, the amazing skills that all of these participants displa...

Bermudian-based investment holdings company Ocean Wilsons logged profits of more than $57 million for the six months to the end of June. Profits for the company, which operates a Brazilian maritime services firm through a subsidiary, were up 43 per c...

Computer expert Devray Denwiddie aims to clean up in the bike-washing business. For the Bermuda Government employee has opened the island’s first automated “bikewash” after years of research. The Bike Spa machine, based at the back of the Riviere fam...

Life’s a gas for new Esso City Service Station operator Robert Holdipp. Mr Holdipp and his family took over the Hamilton city centre location in June, and he doesn’t regret swapping a comfortable career with a senior post at a shipping company for a ...

NEW YORK (Bloomberg) — American International Group is in talks to sell its mortgage insurer, United Guaranty Corp, to Arch Capital Group as chief executive officer Peter Hancock works to simplify his company and free up capital to return to sharehol...