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An upward movement of 39.97 points lifted the Royal Gazette / Bermuda Stock Exchange back above 5,000 points to end the day at 5.026.33, up 0.8 percent. The most activity was in shares of Butterfield Bank which improved in value by 75 cents to $58, a...

Fourth-quarter income of $10 million was reported last night by RAM Holdings Ltd., raising its 2006 year total net income to $41.1 million compared to $19.6 million in 2005. The results are so good that even chief executive officer Vernon Endo is not...

An upward movement of 39.97 points lifted the Royal Gazette / Bermuda Stock Exchange back above 5,000 points to end the day at 5.026.33, up 0.8 percent. The most activity was in shares of Butterfield Bank which improved in value by 75 cents to $58, a...

Bermuda-based Scottish Re Group Ltd. last night declared a net operating loss of $228.4 million for the fourth quarter of 2006 and a loss of $368.3 million for the year. “We are disappointed with the results for the quarter, but are pleased with our ...

The vaults within the new Gosling’s “Wine Cellar” will soon be storing precious bottles of wine in temperature-controlled conditions for private individuals who have previously either tried to keep their wine cool at home or stored in a facility over...

Despite no rise in general payroll tax in this year’s Budget, companies face an ever-increasing payroll tax burden because of salary increases and the need to employ more staff, according to business leaders. For some relief comes by taking a portion...

Finance Minister Paula Cox said yesterday Bermuda would be happy to act as base for the new World Bank fund to help protect countries in the Caribbean region from the financial losses caused by hurricanes. In her Budget statement last Friday, Ms Cox ...

LONDON (Bloomberg) — Shares of J Sainsbury Plc, Britain’s third biggest supermarket chain, rose 1.7 percent on speculation Marks & Spencer Group Plc, the largest UK clothing retailer, may join two Qatari investment funds to make a bid for the company...

ZURICH (Bloomberg) — Scor SA, France’s largest reinsurer, offered to buy Converium Holding AG for 3.1 billion Swiss francs ($2.5 billion) in a deal that would increase premium income by about 50 percent. Converium rejected the approach.Scor bought 32...