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The Bank of N.T. Butterfield & Son Limited increased interest rates on loans by half a percentage point (0.5 per cent), absorbing a third of the rise of the 75-basis point increase in the target range of the US Federal Funds Rate. The bank said the c...

A veteran honey producer has seen a major decline in the local bee population during his 40-year career. Lewell Woolridge, of Bee Lovers Beekeeping in Paget, pointed to land development as the culprit. “The bees don’t have the food sources they once ...

Oliver Wyman, the global management consulting firm and business of Marsh McLennan, has announced the opening of a new actuarial office in Bermuda under the leadership of Faisal Haddad. "As demand for our actuarial services continues to grow both in ...

LOM Financial Limited’s net profit for the first half of 2022 fell 90 per cent year-on-year to $823,493. That compares with a profit of $8,052,398 for the same period in 2021. In a letter to shareholders, chairman and CEO Scott Lines said: “In 2021, ...

An American biosciences company has launched Aanika Re in Bermuda with initial backing from Adit Ventures, the global venture capital firm. Aanika Biosciences was accepted into the Bermuda Monetary Authority’s “innovation hub” earlier this year, maki...

The Bermuda Foundation for Insurance Studies has awarded $287,000 in scholarship funding to 12 students focused on careers in Bermuda’s insurance sector. This brings the total amount of funding that the Foundation has awarded since the charity was f...

The RG/BSX Index remained unchanged at 2,230.73 at day’s end after no trading on the Bermuda Stock Exchange. The Bank of N.T. Butterfield & Son Limited finished the day down 30 cents (0.89 per cent) at $33.59 on the New York Stock Exchange.

Bermudian-headquartered Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a net profit of $28.8 million for the second quarter of the year. That compares with a net loss of $8.2 million for the second qu...

Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has reported net income attributable to common shareholders for the second quarter of $184.6 million. That compares with net income of $181.2 m...

ATN International Inc, the Massachusetts-based parent company of One Communications and Fireminds, has reported a net loss of $500,000 for the second quarter of the year. That compares with net income of $2 million in the second quarter of 2021. The ...