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Legal firm Appleby has won a prestige award for offshore law firm of the year. The US Captive Services Awards panel said: “Appleby is clearly committed to the offshore captive sector and demonstrates an ability to provide experienced legal advice to ...

Butterfield Bank's filing for a proposed initial public offering in the US is the latest milestone on the bank's recovery from the global financial crisis.At a meeting later this month shareholders will hear details and vote on a reverse share split ...

The Bank of Butterfield rose to a new 52-week high on The Royal Gazette/BSX Index. On August 4 the bank announced it had filed for a proposed IPO in the US. Today its shares hit $2.05, up 10 cents, or 5.1 per cent after 41,118 shares traded. Butterfi...

A shortage of cybercrime fighters could put Bermuda at risk from hackers, an expert in the field said yesterday. Darren Wray, the CEO of IT management company Fifth Step and the guest speaker at a major cybersecurity conference, said: “I don’t think ...

Butterfield Bank yesterday awarded two scholarships worth a total of $50,000 to Bermuda students. The Sir Harry D. Butterfield Undergraduate Scholarship went to Maha Clarke, who will is enrolled at Queens University in North Carolina to study busines...

CHICAGO (Bloomberg) — American International Group chief executive officer Peter Hancock said he’s more focused on boosting returns than worrying about the government’s classification of his company as too big to fail. “Of all of the strategic issues...

British Airways is preparing to celebrate 80 years of service to the island next year. No airline has linked Bermuda to the outside world for longer and according to a senior manager at BA the relationship is only getting stronger. Colm Lacey, BA’s h...

While few would dare slight Bermuda’s beautiful beaches or personable populace, some competing jurisdictions have called into question whether Bermuda’s world-leading position as captive domicile of choice will continue. The answer, of course, is an ...

International hacking group Anonymous threatened an attack on Bermuda and other offshore centres, it was revealed yesterday. And Colin van den Bosch, senior vice-president and head of IT at Clarien Bank, told a conference on cybersecurity that Bermud...

Risks to Bermuda’s banking sector have stabilised thanks to a gradually strengthening economy helped by the island’s hosting of the America’s Cup. That is the view of analysts from Standard & Poor’s Rating Services, who believe Bermuda is in the latt...