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The RG/BSX Index remained unchanged for the day at 2,567.12, after 22,699 shares of Argus Group Holdings Ltd. changed hands on the Bermuda Stock Exchange, with Argus closing at $6.39. The Bank of N.T. Butterfield & Son Limited closed down 55 cents (1...

Bermudian-domiciled SHL Holdings Ltd is to distribute nearly $14 million to its shareholders. SHL said it has successfully monetised its interests in real property and an option on real property in Detroit, Michigan, and a certificate that can be pre...

Drinks giant Bacardi, the largest privately held spirits company in the world, has announced that its iconic premium rum brand will cut its greenhouse gas emissions in half from 2023. The Bermudian-based company said Bacardi rum’s GHG emissions will ...

Bermudian-based Apex Group Ltd has been appointed to provide fund administration and transfer agency services by Neor Crypto Volatility Fund Ltd. The global financial services provider said Neor is a long/short quantitative algo crypto vol trading fu...

Assurely of Bermuda, the insurance agency that is a wholly owned subsidiary of insurtech company Assurely, has announced an expansion of the group’s TigerMark directors’ and officers’ insurance programme in collaboration with Bermudian-based Relm Ins...

Corporate mergers and acquisitions reached unprecedented levels in 2021, and a just-released PwC report forecasts that 2022 will be more of the same. The PwC report: Global M&A Industry Trends: 2022 Outlook said that a pent-up dealmaking desire left ...

After adjusting for inflation, the GDP in constant prices increased 3.6 per cent in the third quarter of 2021, reflecting encouraging signs of a rebound in economic activity, compared with 2020, a government statement has said. The statistics were sh...

The Government said on Friday that inflation, as measured by the Consumer Price Index, rose 2.5 per cent in the 12 months to October. A Ministry of the Cabinet Office statement said that during October 2021 consumers paid 2.5 per cent more than they ...

Financial services investment holding company Somers Limited has reported a $24.4-million first-quarter loss on its investment portfolio (2020: gain of $179.9 million), driving net asset value per share at the end of December down to $26.32 (Septembe...

Market volatility or teenage angst may have been what has left only one of the 17 teams in the KPMG 17th Annual Senior School Investment Challenge with the $100,000 they began with at the start of the six-month exercise. The competition began in Nove...