Log In

Shares of BF&M Ltd rose 4.3 per cent in Bermuda Stock Exchange trading today in the week that the insurer announced the launch of its first share buyback programme. BF&M rose 70 cents to close on $17 on the trading of 3,500 shares. The company said o...

An initiative to attract sports teams and sports-orientated tourists to Bermuda during the winter months is paying off for businesses on the island. And the partnership between the Bermuda Tourism Authority and the National Sports Centre, which is at...

Jonathan Kent, Business Editor Bermudian reinsurer RenaissanceRe Holdings Ltd’s first-quarter profit fell by nearly a quarter as it increased reserves by more than $20 million in its specialty reinsurance segment. RenRe said net income for the Januar...

BF&M Ltd has announced the first share buyback programme in the company’s history at a time when the company is trading at little more than half of its book value. The programme, authorised by the insurer’s board of directors, will enable BF&M to buy...

HOUSTON (Bloomberg) — Nabors Industries fell the most in more than two months after the world’s largest land-rig owner missed analyst estimates partly due to pricing discounts handed out to several customers during the oil industry’s worst financial ...

Axis Capital Holdings saw its profit fall to $38 million during the first three months of the year. That was $118 million less than it reported for the same period last year. However, the company increased its gross written premiums by 17 per cent to...

Butterfield Bank shares closed down one cent, or 0.6 per cent, at $1.65 after 26,143 were traded on The Royal Gazette/BSX Index. The only stock to trade was LOM Financial, with 6,000 shares changing hands but without any movement in the share price o...

Energy drilling contractor Nabors Industries Ltd last night reported a first-quarter loss of $398.3 million, after reporting a profit in the same period a year earlier. The Bermudian-based company said it had a loss of $1.41 per share. Losses, adjust...

Bermudian reinsurer Everest Re Group Ltd’s first-quarter net income fell by nearly half to $171.7 million as investment losses took their toll. Operating earnings of $5.19 per share fell short of the $5.57 consensus forecast of analysts tracked by Ya...

Shopping online has increased in Bermuda, according to a new survey. However, compared with a number of similar island jurisdictions, Bermuda residents are more likely to shop at local retailers. And that finding has been hailed as testament to the e...