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The RG/BSX Index closed unchanged at 2,705.02 in the absence of trading on the Bermuda Stock Exchange. On the New York Stock Exchange, the Bank of Butterfield stock price fell $2.31 (6.11 per cent) to close at $35.48. The BSX Insurance Index remained...

Bermuda-based financial services company Athene Holding Ltd was the lead investor in a combination of an automotive fleet-leasing and management company and an award-winning developer of innovative fleet-management technology solutions. Merging the h...

Moody's Investors Service has placed under review for upgrade Digicel Group Holdings Limited’s Caa2 corporate family rating, its Caa2-PD/LD probability of default rating, Caa3 senior secured rating and Ca senior unsecured ratings. Moody's has also p...

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Brit Reinsurance (Bermuda) Limited. The outlook is stable. The ratings reflect Brit Re’s balance sheet strength, which AM...

Bermuda-based global financial services provider Apex Group Ltd will be providing fund administration services to Midtown Capital Partners LLC. Midtown is a real-estate investment and asset-management firm focused on acquiring properties in the offi...

The Everest Re Group Ltd has reported a 2021 third-quarter net loss of $73.5 million, compared with net income of $243.1 million in the same period last year. Net operating income was a net loss of $52.6 million, compared with net operating income of...

Going to the grocery store can be a costly hassle, especially with food prices rising every day. Landscaper Sean Fubler has a solution. “Just eat your yard,” Mr Fubler said. His business, Unity Edible Landscapes, helps people to do just that. Alongs...

The Bank of N.T. Butterfield & Son Limited has declared third-quarter net income of $39.8 million, compared with net income of $39.6 million for the previous quarter and $30.5 million for the third quarter of 2020. Core net income for the third quar...

Sunday’s start of the United Nations Climate Change Conference (COP26) is being overshadowed by a new PwC report that casts doubt on the ability of world governments to reach their primary objective, as a step towards saving the planet. Even after th...

The Bermuda Business Development Agency will take the campaign to make Bermuda a climate-risk finance capital to Glasgow, Scotland, next week. BDA chairman Stephen Weinstein, deputy chairman Susan Pateras and chief executive officer David Hart will s...