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BF&M Ltd has announced the first share buyback programme in the company’s history at a time when the company is trading at little more than half of its book value. The programme, authorised by the insurer’s board of directors, will enable BF&M to buy...

HOUSTON (Bloomberg) — Nabors Industries fell the most in more than two months after the world’s largest land-rig owner missed analyst estimates partly due to pricing discounts handed out to several customers during the oil industry’s worst financial ...

Axis Capital Holdings saw its profit fall to $38 million during the first three months of the year. That was $118 million less than it reported for the same period last year. However, the company increased its gross written premiums by 17 per cent to...

Butterfield Bank shares closed down one cent, or 0.6 per cent, at $1.65 after 26,143 were traded on The Royal Gazette/BSX Index. The only stock to trade was LOM Financial, with 6,000 shares changing hands but without any movement in the share price o...

Energy drilling contractor Nabors Industries Ltd last night reported a first-quarter loss of $398.3 million, after reporting a profit in the same period a year earlier. The Bermudian-based company said it had a loss of $1.41 per share. Losses, adjust...

Bermudian reinsurer Everest Re Group Ltd’s first-quarter net income fell by nearly half to $171.7 million as investment losses took their toll. Operating earnings of $5.19 per share fell short of the $5.57 consensus forecast of analysts tracked by Ya...

Shopping online has increased in Bermuda, according to a new survey. However, compared with a number of similar island jurisdictions, Bermuda residents are more likely to shop at local retailers. And that finding has been hailed as testament to the e...

Today. We can often forget just how important today is. We may talk about yesterday and plan for tomorrow but what about today? Each of us is given just so many days to experience our lives. I look around at work or at play and wonder who are the pe...

Insurance group Randall & Quilter Investment Holdings Ltd swung to a profit of £2.8 million ($4 million) last year. The profit compared to a $1.6 million net loss in 2014 for the Bermudian-based firm. Operating earnings were £4.1 million, compared to...

Bermuda’s services are likely to be stretched to the limit during the America’s Cup finals next year. That is the view Steve Cosham, Bermuda’s national disaster coordinator, expressed to a group of risk professionals last week. The America’s Cup will...