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Butterfield Bank has set aside $4.8 million to pay potential fines as a result of a US investigation into tax evasion. And the bank’s financial report for last year said that any fines levied on the bank could be even higher. The report said: “Manage...

A programme aimed at promoting new business start-ups is to take place this weekend. The Startup Weekend is designed to help teams take new business ideas from concept to launch. Expert coaches from Bermudian businesses will be available to help part...

A bust of insurance industry veteran Robert Clements has been unveiled in the grounds of a company he helped to found. The likeness of Mr Clements, by Bermudian sculptor Desmond Fountain, has been placed on a walkway bearing his name connecting the f...

The Royal Gazette/BSX Index today closed unchanged at 1,177.21. The sole trade was 125,000 Bank of Butterfield shares worth $206,250. The bank’s price was unchanged at $1.65. The BSX Insurance Index was up 15.28 points, or 0.90 per cent, at 1,705.95....

Bermuda’s historic Dockyard is in line to get added sparkle this summer. For New York-based Diamonds International, the Caribbean’s largest gems retailer, is poised to set up shop in the former Royal Navy base’s restored North Basin building 9 — brin...

A new $200 million catastrophe bond has been admitted to the Bermuda Stock Exchange listings. The Akibare Re bond is sponsored by Mitsui Sumitomo Insurance Co and is the third in a series. All three were set up to provide Japanese typhoon reinsurance...

Supermarkets were this week bracing themselves for some shortages, particularly imported fresh produce, as a result of a withdrawal of labour that has hit the docks. The movement of shipping containers came to a halt on Friday due to work stoppages c...

Insurance veteran Brian Duperreault yesterday told a major conference in Arizona that his Hamilton Insurance Group would not cover cyberattacks. Mr Duperreault said: “At Hamilton, we’re taking a cautious position on cyber. “We’re not writing it as a ...

I just wrote about how only a third of the London Insurance Market thought that they were prepared for a cyber-attack. It got me to thinking about corporate procrastination, its impact on organisations and some strategies for overcoming it and ensuri...