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The Bank of Butterfield has announced profits of $77.7 million for 2015, down by $30.5 million compared to the previous year. The profit represents earnings per share of 12 cents, down from the 16 cents recorded in 2014. Michael Collins, Butterfield’...

Money is a source of conflict in nearly a third of all relationships, according to a survey by the American Psychological Association. When it comes to budgeting, two can quickly turn into a crowd. That’s because some of us like to save our nickels,...

The baby boomers are getting ready to retire, and they won’t let a stock market sell-off stop them. US stocks recently concluded the worst January since 2009 and have continued falling into February. The Standard & Poor’s 500 index is now down 10 per...

Insurance and reinsurance company Lancashire Holdings yesterday posted after-tax profits of $54.4 million for the last quarter of 2015. The figure takes the profits for the full year to more than $181 million. The quarterly profit is down $32.4 milli...

The boom in the catastrophe bond market is leading some experts to voice fears that investors do not fully understand the risks they are taking on — and so they could flee in a panic in the event of a major catastrophe that triggers losses. Jay Patel...

If you are looking for evidence of optimism in the retail sector in Bermuda, look no further than The Phoenix Stores Ltd. This month the group announced two strategic moves that will grow its enterprise. It has acquired Kodak Express and will soon am...

Banks are suffering the biggest pressures since the recession hit in 2008, a report from professional services firm PwC said yesterday. A still struggling global economy, poor business performance and risk from cyberattacks as well as increased regul...

The Royal Gazette/BSX closed down 1.13 points, 0.09 per cent, at 1,218.24. The sole trading of the day was 2,000 shares in insurance company BF&M, which saw the share end the day down 15 cents, or 0.9 per cent, at $16.75. The BSX Insurance Index clos...

The Royal Gazette/BSX today closed unchanged at 1,218.24 after a day of no trading. The BSX Insurance Index ended the day up 1.68 points, or 0.1 per cent, at 1,651.52.

Top banker Sandy Weill has retired as chairman of the board of Hamilton Insurance Group. Mr Weill, former chairman of Citigroup, will be succeeded by Hamilton founder and chief executive officer Brian Duperreault, however he will continue to advise t...