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The Royal Gazette/BSX Index today closed down 0.69 points, or 0.06 per cent, at 1,154.20. A total of 65,000 shares in the Bank of Butterfield traded, leaving its price unchanged at $1.62. Telecoms firm KeyTech was down 5 cents, or 2.5 per cent, at $1...

Ratings agency Fitch has downgraded Bermuda Commercial Bank. Fitch said the move reflected an increase in BCB’s risk profile and weakened capital position in the wake of a shift in the business mix. The bank’s long-term issuer default ratings has gon...

1. Create a compelling vision of the future — where are we going, and why? To lead, you need followers so ask yourself why people should follow you. One powerful reason would be to create a compelling view of the future with an emphasis upon the p...

A summer intern programme aimed at giving students a taste of work in the insurance industry has kicked off. A total of six students, four Bermudian and two from overseas, yesterday started the three-week programme, run by the Bermuda Foundation for ...

A long-running pots and planters business is up for sale. And owner Debbie Lombardo, who is retiring, said the Lots of Pots store at the Bermuda Athletic Association in Hamilton offered room for growth and branching out into other goods. Ms Lombardo ...

Island telecoms firm Logic has signed up with an America’s Cup competitor. The company will supply internet services to SoftBank Team Japan’s Bermuda headquarters. Charles Cope, Logic’s business development manager, said: “Logic is pleased to be offi...

More than 700 people are expected to attend a major conference on insurance captives next month. Ross Webber, chief executive officer of the Bermuda Business Development Agency said this year’s Bermuda Captive Conference would be “bigger and better t...

MILAN (Bloomberg) — PartnerRe exited junk bonds and shifted funds into property as the Bermudian reinsurer reshaped a $16.3 billion investment portfolio after being acquired by Italian investment firm Exor SpA. Exor’s approach is to focus on holdings...

Bermudian engineering company Brunel has won a contract for structural and civil engineering at the airport redevelopment. The firm was appointed by Canadian company Aecon, the lead firm in the airport project. Steve Nackan, the president of Aecon Co...

The Royal Gazette/BSX Index today closed down 3.80 points, or 0.33 per cent, at 1,154.89. Insurance firm Argus dropped 19 cents, or 5.4 per cent, to $3.31 after 1,000 shares sold. Bank of Butterfield was unchanged at $1.62 after 18,500 shares changed...