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A new store dedicated to leisure clothing brand Vineyard Vines has exceeded expectations, owners A.S. Cooper & Sons said. Somers Cooper, managing director of A.S. Cooper, said the store, which joins 100 across the US, is Vineyard Vines’s first overse...

Utilities firm Ascendant Group rose 48 cents to $6.98 on The Royal Gazette/BSX Index yesterday. The increase, equal to 7.4 per cent, came after 79,700 shares traded. Bank of Butterfield dropped $1, or 3.8 per cent, to $25 after 1,100 shares changed h...

Butterfield Bank is to redeem all of its 8 per cent Government Guarantees Preference Shares. The shares were issued in June 2009, giving the bank a $200 million injection as it recapitalised following the impact of the global financial crisis the pre...

Wearable gadgets alerting workers they are in danger of causing themselves long-term physical harm, and driverless cars erasing the need for $20 billion of insurance, are among likely impacts on the insurance sector from advancing technology. A glimp...

Britain’s impending departure from the European Union will be good for Bermuda’s reinsurance industry, according to the man at the helm of one of the sector’s leading companies. Kevin O’Donnell, chief executive officer of RenaissanceRe Holdings Ltd, ...

The reinsurance industry needs to play more than just lip service to diversity, a panel warned an industry conference yesterday. And speakers said that the business needed to mobilise and motivate underrepresented groups to ensure it stays relevant a...

The Bank of Butterfield today rose on both The Royal Gazette/BSX Index and the New York Stock Exchange. On the BSX, the bank went up by 90 cents, or 3.6 per cent, to $26 after 2,956 shares traded. In New York the bank’s price stood at $26.95, a 68 ce...

Retail sales in August increased 2.9 per cent above the $91.4 million recorded in the same month a year ago. During the past year retails sales have improved every month apart from May, when they fell in volume and value. In August, five of the seve...

Bermuda’s economy grew in the second quarter of the year, driven by an increase in services exports and higher capital spending. Gross domestic product — a measure of all the goods and services produced by the island — totalled $1,442.7 million, up 2...

Mortgage reinsurance is turning out to be a bright spot in a tough reinsurance market and the growth trend is set to continue, according to a top industry analyst. But Taoufik Gharib, senior director at S&P Global Ratings, added that reinsurers with ...