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The Royal Gazette/BSX Index closed unchanged at 1,176.60. The sole trading was 1,057 shares in the Bank of Butterfield, which left its price unchanged at $1.62. The BSX Insurance Index ended the day down 13.45 points or 0.80 per cent, at 1,670.9.

Bermuda’s rating has been downgraded to A2 from A1 by Moody’s Investment Service. The rating has been given a stable outlook. Bob Richards, the Minister of Finance, said: “Given the momentum we continue to gain in reducing the deficit, as outlined in...

Dear Dave, I’m 19 years old, and I’m putting myself through college debt-free. I usually work part time during the semesters, but right now I’m working full time. I have about $2,000 in mutual funds, and I was wondering if I should add my full-time w...

Regulators have ordered Belco to phase out special discounts given to employees and hotels over the next two years, arguing that the public is effectively paying for them. The Energy Commission has also demanded the electricity provider scrap its “c...

Caribbean-based multinational financial services firm Sagicor is next week set to back a move to Bermuda. Shareholders of the Barbadian company will vote next Wednesday on redomiciling after the firm was hit by the downgrading of Barbados’s sovereign...

Two Microsoft guest speakers will explain aspects of cloud computing at an event hosted by Fireminds Ltd next week. Marlon Fetzner, Microsoft director of corporate, external and legal affairs, and Renatto Garro, Microsoft Partner Technology Strategis...

The role Bermuda plays in helping countries and communities to recover from natural disasters and catastrophes was highlighted at the New York Stock Exchange yesterday. A forum hosted by RenaissanceRe was attended by 200 leaders from a variety of are...

The Royal Gazette/BSX closed unchanged at 1,176.60 after a day with no trading recorded. The BSX Insurance Index was up 2.57 points, or 0.15 per cent, at 1,684.35.

A global total of $72 billion in gross written premiums was written last year by members of the Association of Bermuda Insurers and Reinsurers. The survey for 2015 included 19 of the 22 Abir members and also recorded net income of $8.7 billion. The 1...

The Premier will today ring the closing bell at the New York Stock Exchange. Michael Dunkley has been invited to perform the traditional afternoon ceremony at the world-famous exchange after he takes part in a major conference on disaster recovery in...