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The Bank of Butterfield rose three cents, or 1.8 per cent, on The Royal Gazette/BSX Index to close at $1.68. The move came after 29,502 shares changed hands. Utilities firm Ascendant Group was unchanged at $5.45 after 200 shares sold. The Royal Gazet...

Butterfield Bank has filed for a proposed initial public offering of up to $100 million to place its ordinary voting shares on the New York Stock Exchange. It is to ask shareholders to vote on the proposal, which calls for a ten-for-one reverse share...

Modernisation of Bermuda’s corporate law has been welcomed by business chiefs. A total of nine bills relating to the island’s international business sector have been passed by the House of Assembly in little more than a year. And Ross Webber, chief e...

NEW YORK (Bloomberg) — American International Group said it will buy back $3 billion of stock after second-quarter profit climbed 6.3 per cent, helped by asset sales. The insurer climbed in extended trading in New York. Net income advanced to $1.91 b...

A top IT consultant from London is to be the keynote speaker at a conference in Bermuda on cybersecurity. Darren Wray, chief executive officer of IT firm Fifth Step, will feature at the Secure Bermuda 2016 conference, to be held next Wednesday. Mr Wr...

Bermudian-based global insurer and reinsurer Argo Group International Holdings has announced profits of $30.9 million for the second quarter. The net income figure was up $3 million on the $27.9 million for the same period last year. This quarter’s p...

A Bermudian student has won a scholarship worth up to $90,000 to study law in England. Mariangela Bucci is this year’s winner of the annual scholarship, sponsored by law firm Conyers Dill & Pearman. The scholarship is worth $30,000 a year for a maxim...

Shares in Watlington Waterworks dropped two cents, or 0.1 per cent, to close at $20.25 on The Royal Gazette/BSX Index. The fall came after 2,800 shares in the company traded. Somers Ltd was unchanged at $13.75 after 200 shares moved. Insurer BF&M was...

Endurance Specialty Holdings has reported net income available to common shareholders of $76.6 million in the second quarter, marginally up on the $76 million for the same period in 2015. Profit was $1.14 per diluted common share, down from $1.68 yea...

We are in the time of year when so many people take a vacation to enjoy time with their families and to get a rest and a change. This time allows one to take a step back, get some well needed rest and a major change in the normal routines. Whatever...