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Butterfield Bank was the only stock to climb in last week’s trading on the Bermuda Stock Exchange. The bank’s shares rose 1 cent, or 0.6 per cent, to close the week on $1.65, as more than 200,000 shares changed hands. Somers Ltd, parent company of Be...

Protection from the effects of cyberattacks is set to be big business for Bermuda, an expert in the field said yesterday. Giles Harlow, vice-president for professional risk solutions at insurance and reinsurance brokers Aon Bermuda, said: “We think i...

Axis Capital Holdings Ltd is estimating second-quarter catastrophe and weather-related losses of $104 million. The Bermudian-based insurer and reinsurer said $71 million of the losses were related to catastrophes such as the Fort McMurray wildfires, ...

A senior lawyer at Appleby has made the shortlist for the prestige Powerwoman Awards. Vanessa Schrum, partner and group head of the firm’s private client and trusts practice, has been nominated for the woman of the year award in the leadership profe...

Shares of Ascendant Group Ltd moved nearly 2 per cent higher in Bermuda Stock Exchange trading today. The group, which owns power utility Belco, rose 10 cents, or 1.9 per cent, to close on $5.45, as 1,211 of its shares traded. Butterfield Bank remain...

Dear Dave, We’re working the debt snowball, and together my husband and I make $93,000 a year. The amounts of our remaining three debts are so close we wonder if we should take interest rates into account. Two are student loans for $2,970 and $6,700,...

Five Bermudian-based shipping operators were yesterday honoured for helping to save lives at sea by the US Coast Guard. US Consul General Mary Ellen Koenig presented the representatives of the organisations with pennants for their 15 ships and letter...

Bermuda has a longstanding reputation as a high-quality jurisdiction in which to domicile an offshore fund, whether as a stand-alone vehicle or the now-familiar master/feeder structure. What follows is an overview of some recent changes, current dev...

Legislators have approved an Act toughening Bermuda’s anti-money laundering and anti-terrorism regime — even as Opposition MPs decried the appearance of an international double standard. The Proceeds of Crime Amendment (No 2) Act amends the principal...

As JetBlue marks ten years of service to Bermuda, the airline has opened a new-look lobby at JFK International Airport’s terminal five. The company, which has services to the island from New York and Boston, said the design and facilities at New York...