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A rise in the value of Butterfield Bank shares helped lift The Royal Gazette/BSX Index to 1,297.54, up 9.22 points (0.71 per cent) last week. The bank’s shares improved by four cents (2.2 per cent) to close at $1.89, after 12,816 were traded. Four st...

Reinsurance and insurance company RenaissanceRe has increased its share repurchase programme to $500 million. The company said the authorisation includes remaining amounts available under previous allocations to buy back shares. Under the scheme, Ren...

Bermuda’s current account recorded a surplus of $215 million in the second quarter of the year, according to the latest Government statistics. The figure was $1 million up on the from the surplus in the same quarter of last year. The deficit on the g...

Former bank boss James Gibbons is to become non-executive chairman of RenaissanceRe. He will assume his new role with the reinsurance and insurance company next May. Bermudian Mr Gibbons was president and chief executive officer of Capital G Limited ...

Shares of Butterfield Bank jumped eight cents (4.2 per cent) to close at $1.97, after 97,104 were exchanged on The Royal Gazette/BSX Index. The only other stock traded was BF&M, which dropped 15 cents (0.9 per cent) to $16.85 after 2,500 shares chang...

Declining energy prices have dampened the rate of inflation to a six-year low. The rate of inflation slid to 1 per cent in September, according to Government statistics released today. That is the lowest for any month since December 2009, when Bermud...

Dear Dave, My husband and I are about to relocate to another part of the country. We’d like to sell our house, but we’re thinking about taking out a small loan to have some work done first. We could get in the $180,000 range selling it “as-is” but cl...

Reinsurance firm Tokio Solution has appointed two new co-CEOs to head its Bermuda operation. Susan Lane and Tsuyoshi Harigai, known as Harry, will take over from Kathleen Faries, who will become head of the Bermuda branch of Tokio Millenium Re (TMR),...

The world’s biggest champagne house is to showcase Bermuda in a UK luxury lifestyle magazine. Moët & Chandon had planned to do a photoshoot in Miami for the six-page feature in Tatler — but after a visit to Bermuda by top executives for the America’s...

Bermuda’s asset management business could be boosted by the boom in insurance-linked securities (ILS), an expert said yesterday. Jessel Mendes, a partner at financial services firm Ernst & Young, said: “The interest in insurance-linked securities is ...