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Catalina Holdings (Bermuda) Ltd, an acquirer of businesses in run-off, made after-tax net income of $57.2 million last year — an increase of 32 per cent from the previous year. The fast-growing company, which was launched on the island in 2005 by Chr...

The Bermuda Government is in the process of refinancing about $276 million of debt. It made a cash tender offer to holders of its 5.603 per cent senior notes, which are due in 2020, and is set to pay out early on about half of the $500 million of not...

Telecoms companies have reported that the majority of their networks are back in operation following Hurricane Nicole. Eleven of Digicel Bermuda’s cell tower sites have been repaired, with only Sentinel Hill without service as of 4pm. That means 97 p...

Insurance firm Argus rose 20 cents to $4.60 on The Royal Gazette/BSX Index. The move, equivalent to a 4.5 per cent increase, came after 1,300 shares changed hands. On the New York Stock Exchange, the Bank of Butterfield rose seven cents, or 0.27 per ...

Reinsurers are expected to bear the brunt of Hurricane Nicole’s financial impact on Bermuda, even as primary insurers likely see claims for wind and downed trees, damaged roofs, car damage and some business interruptions. That is the view of ratings ...

The US insurance arm of Bermudian-based Hamilton Insurance Group has appointed a new chief operating officer. Michael Garceau, who will start work next week, is a 25-year veteran of the industry and joins Hamilton USA from insurance giant AIG. Serain...

A complementary medicine practitioner has opened up a new office. Dr Nekia Walker has opened up for business in a traditional Bermuda cottage overlooking the sea in Southampton. Dr Walker, who practices under the name Dr Nekia, said she had an office...

Shares of Butterfield Bank closed at $25, down five cents, or 0.2 per cent, on The Royal Gazette/BSX Index today. On the New York Stock Exchange, the bank’s shares were $25.70 during midafternoon trading, down six cents, or 0.23 per cent. The Bermuda...

An insurance company employee is set to retire after notching up more than a half-century on the job. Alfreda Butler joined Argus in 1963 — but rose to be claims manager in the healthcare group 28 years later, a position she held until she retired a ...

Forward. If today we were planning a vacation we would be looking forward and identifying all of the things we have to do to ensure we have as great a time as possible. Many of us spend a great deal of time working on such projects as they involve f...