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A total of 5,200 Bank of Butterfield shares worth $9,984 traded on The Royal Gazette/BSX. The move was the only one of the day and pushed the bank’s price down seven cents (3.5 per cent) to $1.92. The Royal Gazette/BSX closed down 30.89 points (2.34 ...

A restaurant hit by fire has reopened after extensive work to repair the damage. Coconut Rock on Hamilton’s Reid Street is back up and running after it was damaged by fire and its sprinkler system around three weeks ago. Co-owner Christian Herzog sai...

The managing agency for Hamilton Group’s London underwriters is to join the space race. And Hamilton Underwriting, which runs Lloyd’s syndicate 3334 and the Lloyd’s operation of Hamilton Insurance Group, has taken on two new senior underwriters as th...

Tougher international rules to combat money-laundering and other crime have hit Bermuda bank customers, the Island’s banking industry body said yesterday. The Bermuda Bankers’ Association (BBA) said that banks are now asking for additional informatio...

Retailers are today bracing themselves for a Black Friday business bonanza. Businesses are geared up with special offers and longer opening hours as a flood of shoppers is set to descend on stores from the early hours. Paula Clarke, who represents th...

A total of 40,581 shares worth $172,919.97 traded on The Royal Gazette/BSX. The Bank of Butterfield dropped one cent (0.5 per cent) to $1.99 after 31,800 shares sold. And the bank’s preference shares also fell, down $4.99 (0.4 per cent) to $1,130 aft...

Bermuda has won a coveted financial gold star from the European Union. The Island has been awarded full equivalence under the tough EU Solvency II regulations by the European Commission after six years of work. The move means Bermuda and Switzerland ...

Anyone who is an entrepreneur, or would like to become one, is invited to join the second StartUp Weekend to be held in Bermuda. The Bermuda Government-sponsored e-commerce initiative aims to promote the ideas of promising business leaders. It starts...

A new café will open its doors today inside AS Cooper & Sons main department store on Front Street. It has taken six months to create Somers’ Café on the first floor of the building. It enjoys sweeping views of Hamilton Harbour and has seating for 36...

A top executive at JLT Re has moved to Bermuda from the firm’s London operation. Nick Duffin has joined JLT Re Bermuda as a partner, after working for the British arm for three years. JLT Bermuda partner Charles Withers-Clarke said: “Nick will contin...