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Lt Col Brain Gonsalves, the former Commanding Officer of the Bermuda Regiment, is joining East End Telecom (Telecom) as its chief executive officer, the company’s board of directors has reported. A press release announcing the appointment stated: “Br...

Bermuda’s international business pumped an estimated $1.47 billion into the island’s economy last year, a survey released today said. The largest single contribution was salaries, with exempt companies paying staff a total of $433 million last year —...

Neptune Group Ltd has announced it will move Bermuda Container Line’s terminal location from New York to Philadelphia to cut costs. The group stated that the move comes after two years of extensive research, financial modelling and importer, shipper ...

Bermuda’s reinsurers are operating in an increasingly competitive market with margins likely to be squeezed further by a combination of growing competition from third-party capital and decreasing demand for reinsurance. That is the picture painted by...

Gains in the share prices of Butterfield Bank and Ascendant Group helped The Royal Gazette / Bermuda Stock Exchange Index rise 2.3 percent last week. The biggest riser was Butterfield which advanced five cents, or 3.6 percent over the five days of tr...

Barbados’ credit rating has been cut by Standard & Poors Ratings Services (S&P). Stating that the Caribbean nation has gone back into recession, S&P changed the island’s rating to ‘BB-’ from ‘BB+’, but S&P affirmed the country’s short-term rating at...

Bermuda is leading the world in the issuance of insurance-linked securities (ILS). A report published by the Bermuda Monetary Authority shows that $3.5 billion of ILS, predominantly catastrophe bonds, were issued by Bermuda-based Special Purpose Insu...