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Sun Life International has launched Sun Global Aurora, a savings-oriented indexed universal life product. The company said it was aimed at high-net-worth clients looking to diversify, protect and grow their assets by buying a life insurance contract ...

Teekay Tankers Ltd, the Bermudian-based owner and operator of mid-sized crude oil tankers, has returned to profitability. The company reported net income of $28.5 million in the second quarter of the year. That compares with a first-quarter loss of $...

Essent Group Ltd, the mortgage re/insurer based in Bermuda, has reported net income for the second quarter of $231.8 million. That compares with net income of $159.8 million for the same quarter a year ago. Mark A Casale, chairman and chief executive...

Palomar Holdings Inc, the parent company for subsidiaries including island-based Palomar Specialty Reinsurance Company Bermuda Ltd, has reported net income of $14.6 million for the second quarter. That compares with net income of $12.3 million for th...

In some ways, feeling “rich” is less about how many zeroes you have in your bank account and more about knowing how to use them to get what you want out of life. For author and certified financial planner Tom Corley, feeling rich comes from having an...

Dear Dave, My wife and I have plans to enter the mission field as soon as we have paid off our debt and get a full emergency fund in place. We only have about $12,000 in credit card debt left, and we don’t own a home, but my father does not want this...

The RG/BSX Index finished 151.58 points (6.36 per cent) higher for the week at 2,382.30, after advances led gainers two to one on the Bermuda Stock Exchange. Bank of N.T. Butterfield Ltd. (10 per cent on 687 shares) and LOM Financial Limited (6.8 per...

Back in March 2020, Kyra-Lee Van Putten and boyfriend Jamal Woodley found themselves stranded together in Canada during the pandemic. “It was my birthday and Jamal came up to visit me in Toronto, where I was in school,” she said. “Then Covid-19 hit a...

Rebounding tourism and strong consumer spending is keeping Bermuda's economy moving in the right direction, according to newly released first-quarter figures. But there were some negatives in the financial picture. According to Jason Hayward, the eco...

HSBC Bermuda will be raising its base lending rate on residential mortgages and consumer loans for the first time since 2019. Effective October 4, it will raise its base rate for Bermuda dollar residential mortgages and consumer loans by 0.50 per ce...