Log In

Bermudian insurer Hiscox Ltd wrote more business last year but profits fell 6.5 per cent mainly due to dwindling investment returns. Hiscox said full-year profit fell to £216.1 million from £231.1 million in 2014, slightly better than analysts had ex...

The chairman of the Bermuda branch of the International Institute of Directors has gained a chartered director designation. Insurance industry veteran Roger Gillett, who took over as chairman three years ago, won the accolade after completing an IoD ...

Insurance and reinsurance giant XL Group is coming home, it was announced yesterday. The company, which has had a major presence on the island for 30 years, aims to move its official home from Ireland to Bermuda. Mike McGavick, the CEO of XL Group, s...

The Royal Gazette/BSX closed down 8.16 points or 0.68 per cent at 1,197.11. The Bank of Butterfield was unchanged at $1.70 after 16,275 shares changed hands. Somers Ltd was down $1.25, or 8.8 per cent, at $13 after 1,200 shares traded. The BSX also a...

Students looking for a career in international business have been advised they should work abroad after graduation to help guarantee a job in Bermuda. Zuri Phillip, a junior reinsurance analyst at Hamilton Re, told pupils at Berkeley Institute: “Work...

Five stocks finished the week lower on The Royal Gazette/BSX, sending the index down 27.73 points, or 2.32 per cent, to close at 1,190.51. The biggest drop was Argus Group shares, which were down 23 cents, or 5.9 per cent, at $3.67 after 56,986 were ...

Two years after legislators cut the import price on energy-saving green technology, food distributors Butterfield and Vallis is reaping the benefits. “We were the ones who pushed for it to happen,” said Spencer Butterfield, the company’s chief operat...

The Royal Gazette/BSX closed up 14.76 points, or 1.24 per cent, at 1,205.27. Investment holding company Somers Ltd was up $1.25, or 9.61 per cent, at $14.25 after 350 shares traded. Telecoms firm KeyTech rose 49 cents, or 13.96 per cent, to $4 after ...

XL Group is proposing to change the parent holding company’s place of incorporation from Ireland to Bermuda. The company, which has had a presence in Bermuda since 1986, this morning announced that it proposes to change the parent holding company’s ...

Dear Dave, My wife and I are in our early 70s, and we’re retired. We have about $136,000 in corporate bonds and $200,000 in mutual funds. Considering our age, should we move the investments into a CD? KURT Dear Kurt, There’s always a chance you’ll lo...