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Bermuda Aviation Services Ltd has appointed David Pugh as chairman and Gail Miller as deputy chairman, effective immediately. Mr Pugh, former chief financial officer at insurer Argus, succeeds Michael Darling, who retired from the position. Mr Pugh ...

Competitive tendering would not work in the bid to build a new airport, Bob Richards said yesterday. Mr Richards, the Minister of Finance, said that putting out a tender to design and build the new airport would mean an estimated $575 million in extr...

Bermudian-headquartered Qatar Re is reaping the benefits of investing last year to grow its business. During the first six months of 2016 it achieved a string of improved results, including a 79 per cent jump in half-year profit to $23.9 million. The...

The Bank of Butterfield yesterday jumped 12 cents, or 6.7 per cent, to $1.90 on The Royal Gazette/BSX Index. The rise came after 18,900 shares in the bank changed hands. The Royal Gazette/BSX Index closed up 53.99 points, or 4.24 per cent, at 1,327.7...

Butterfield Bank shareholders have approved a proposed ten-for-one reverse share split. At a special meeting held today the proposal was approved with the requisite number of votes. Ordinary shareholders will receive one new ordinary share for every...

Emerging and non-traditional risk is the theme of the 2016 Alarys Congress in Bermuda. The conference takes place next month at the Hamilton Princess, and it is expected to attract more than 100 delegates. The biennial three-day conference is geared ...

A Bermuda student has won a $7,500 scholarship from an island legal firm. Former Saltus Grammar School pupil William Finnerty, entering his second year of a law degree at Exeter University in England, picked up the award from Taylors, in association ...

Shares valued at more than $1.7 million traded on The Royal Gazette/BSX Index last week. The biggest gainer was Bermuda Press (Holdings) Ltd, the parent company of The Royal Gazette, which saw its shares jump $1.70, or 32.1 per cent, to close at $7 a...

A twin to a new multimillion dollar block of apartments is set to rise on Pitts Bay Road in Pembroke. Harrichand Sukdeo, chief financial officer for property investment firm West Hamilton Holdings, said that the success of the new Belvedere Apartment...

Bermuda firm Barrington Investments has been slapped with a $50,000 fine by the Bermuda Monetary Authority for regulatory breaches. And the financial services regulator has restricted the company from taking on additional business until it gets its h...