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Industrial strife and threats to disrupt the upcoming America’s Cup will damage Bermuda’s reputation worldwide, a business leader has warned. John Wight, president of the island’s Chamber of Commerce, said: “In today’s media world, everybody is able ...

Shares of Bank of Butterfield yesterday rose 90 cents to $32 on The Royal Gazette/BSX Index. The move, equal to 2.9 per cent, came after 1,500 shares traded. On the New York Stock Exchange, the bank was up 79 cents, or 2.5 per cent, at $32.39. The Ro...

A Bermudian-based catastrophe bond has passed its attachment point with an impact of more than $195 million at the end of November, it was reported. The attachment point for the $200 million cat bond — the stage at which qualifying losses start to er...

The UK Crown Dependency of Jersey is facing a massive deficit dubbed “the black hole”. The small self-governing territory off the coast of France faces a budget shortfall of more than $178 million a year by 2019 as a result of a downturn in business....

Butterfield Bank shares pulled back 2.2 per cent in the last trading week of 2016 to pare strong gains for the year. The same was true for The Royal Gazette/BSX Index, which closed the year with a 48 per cent gain, helped by Butterfields more than 60...

Renaissance Reinsurance Ltd today has formed Fibonacci Reinsurance Ltd, a special purpose insurer domiciled in Bermuda. Fibonacci Re has been formed to provide collateralised capacity to Renaissance Reinsurance, the principal Bermudian-based reinsur...

The Bank of Butterfield dropped 20 cents to $31.10 on the first day’s trading of the year on The Royal Gazette/BSX Index. The fall, equal to 0.6 per cent, came after 661 shares traded. On the New York Stock Exchange, the bank went up 16 cents, or 0.5...

It’s time for a fresh start. A clean slate. Your biggest dreams! Maybe you want to buy a home, save more for retirement, or enjoy a debt-free vacation next year. Now’s the perfect time to make a plan for your money and your goals! Whatever your new y...

A decades-long rum war between the Communist Cuban government and Bermudian-based drinks giant Bacardi is to feature on a top US TV news show. CBS current affairs flagship 60 Minutes will on Sunday examine the fight for control of the Havana Club bra...

Insurance-linked securities and catastrophe bonds listing this month on the Bermuda Stock Exchange have sailed over the $1.5 billion mark. That end of year flurry of listings means there are 58 ILS securities listed on the local exchange, the same nu...