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Butterfield Bank fell 40 cents (1.12 per cent) to $35.20 at the close, on the New York Stock Exchange on Wednesday. The RG/BSX Index closed unchanged at 2,492.47 in the absence of trading.

When Derek Myers opened his new salad restaurant, WildGreens Bermuda, this month, business was quiet. “For the first two days, customers that came in were mainly people who knew us and knew that we had opened a restaurant,” Mr Myers said. Then word ...

Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, has appointed Oliver Brew in a new role as cyber practice leader in London. Keith Harrison, international CEO of Lockton Re, said: “We are...

The joint provisional liquidators of a Bermudian-based tourism group have provided an update on the organisation’s business operations. Bermudian-based Alex Whittaker, of R&H Services Limited in Hamilton, as well as Edward Middleton and Tiffany Wong,...

Carnival Holdings (Bermuda) Limited, a subsidiary of Carnival Corporation & plc, has begun a private offering of $1.25 billion of senior priority notes due in 2028. The notes will be fully and unconditionally guaranteed on an unsecured basis, jointly...

The RG/BSX Index closed down 9.13 points (0.36 per cent) to 2,492.47 as one issue traded on the Bermuda Stock Exchange. BFM Ltd fell $1 (4.5 per cent) to $21 on trading of 800 shares. On the New York Stock Exchange, Bank of N T Butterfield Ltd fell 1...

Capital unable to get significant returns from ILS investment could bolt for greener pastures, a Fitch Ratings assessment has determined. The report says the fallout from Hurricane Ian could test the investor appetite for bonds. Reinsurers have used ...

Apex Group Ltd, the Bermudian-based global financial services provider, has supported the launch of the not-for-profit Apex Foundation with a “considerable cornerstone donation” from company founder and CEO Peter Hughes. The donation by Mr Hughes is ...

The Bermuda Monetary Authority confirmed the registration of four insurers in September, taking this year’s number of new registrants to 56. The BMA approved two Class E insurers, AeBe ISA Ltd and Agam Bermuda ISAC Ltd, as well as Kemper Bermuda Ltd ...

Entrepreneur Joe Vieira has bought QRS, the waste and refuse removal business, from Island Waste Management Ltd. A new company, QRS Ltd, has been formed. Mr Vieira has owned and operated Joe Vieira Trucking Ltd for 25 years. He said: “As a result of ...