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Hi-tech is the key to ensure the island’s reinsurance industry can compete with new business models, an expert said yesterday. Arthur Wightman, leader of financial services firm PwC and regional insurance and markets leader, explained: “While most re...

Butterfield Bank will raise residential mortgage rates if the US Federal Reserve hikes rates next month by 25 basis points, as happened a year ago. The revelation came from one of the bank’s senior executives in Butterfield’s third-quarter earnings c...

A series of new webcasts is to highlight the island’s attractions as a home for captive insurers. The Bermuda Business Development Agency videos are to be released over the next four weeks and are designed to show major corporations of all industries...

Homeware giant Gorham’s is celebrating its 80th anniversary. The firm, founded by A.J. Gorham in 1936, has grown from a small lumber business on Hamilton’s Front Street to a supermarket-style operation in Pembroke. And Rod Farrington, senior manager ...

Courage. This week we will celebrate Remembrance Day. This day acknowledges the great sacrifices made by so many over the wars of the last century that took so many lives and changed so many aspects of our world. I am sure that many of those who gav...

A popular Hamilton café has a new owner. Katerina Smith, who comes from a restaurant business family, has taken over the Bermudiana Road café Nonna’s Kitchen, opened three years ago by Norma Thomson. Ms Smith, the wife of national swimming coach Ben ...

Insurance firm BF&M today dropped 60 cents to $19.90 in Bermuda Stock Exchange trading. The 2.9 per cent fall came after 1,700 shares traded. Fellow insurer Argus rose 10 cents, or 2.2 per cent, after 500 shares sold. The Bank of Butterfield was unch...

It is all change at Dockyard, where Alex & Pete’s Bermuda Artisan Ice Cream has taken over the gazebo kiosk formerly used by BermyBerry. Peter Jovetic, who set up the artisan ice cream business with his son Alex about two years ago, saw the potential...

Customers who lose their internet service for a day will be reimbursed for a full month if they have an “all in” package from Bermuda Telephone Company, and the disruption fault is a BTC issue. The company today revealed its “Always On” service promi...

NEW YORK (Bloomberg) — American International Group, the largest commercial insurer in the US and Canada, has been increasing lending for apartments as the company seeks to counter low yields on publicly traded bonds and volatility from hedge fund ho...