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We are in the middle of the Summer Olympics. One thing really strikes me as one watches various events. The focus seems to be on the medals, but when you look at the quality of the competition, the amazing skills that all of these participants displa...

Bermudian-based investment holdings company Ocean Wilsons logged profits of more than $57 million for the six months to the end of June. Profits for the company, which operates a Brazilian maritime services firm through a subsidiary, were up 43 per c...

Computer expert Devray Denwiddie aims to clean up in the bike-washing business. For the Bermuda Government employee has opened the island’s first automated “bikewash” after years of research. The Bike Spa machine, based at the back of the Riviere fam...

Life’s a gas for new Esso City Service Station operator Robert Holdipp. Mr Holdipp and his family took over the Hamilton city centre location in June, and he doesn’t regret swapping a comfortable career with a senior post at a shipping company for a ...

NEW YORK (Bloomberg) — American International Group is in talks to sell its mortgage insurer, United Guaranty Corp, to Arch Capital Group as chief executive officer Peter Hancock works to simplify his company and free up capital to return to sharehol...

The Bank of Butterfield dropped 3 cents to $2.02 after 19,511 shares traded on The Royal Gazette/BSX Index. Insurance firm Argus was up 10 cents to $4 after 2,000 shares changed hands. The Royal Gazette/BSX Index closed down 11.49 points, or 0.83 per...

Former Bermuda Monetary Authority executive Shelby Weldon has joined insurance broker and risk manager Marsh Captive Solutions. Mr Weldon, who was most recently director of licensing and authorisations at the BMA, will lead a team of 14 captive manag...

EY has been recognised as the top CPA firm at the US Captive Awards in Vermont. In winning the award, the judges said they were “impressed with EY’s significant uptick in its captive focus during the past 12 months and the investment it has made in i...

Shares of Butterfield Bank last week rose 35 cents, or 20.6 per cent, to close at a new 52-week high of $2.05. A total of 136,253 shares changed hands during the first full week of trading since the bank announced on August 4 that it had filed for a ...

NEW YORK (Bloomberg) — In laying out his case last week for a lower corporate income tax, Donald Trump renewed his criticism of the financial manoeuvres known as “inversions” that allow US companies to lower their tax bills by shifting their legal ad...