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Jonathan Kent, Business Editor Credit ratings agency AM Best has affirmed the financial strength ratings of BF&M Ltd’s operating companies. Keeping their A rating are BF&M Life, BF&M General and Cayman-based Island Heritage, while the Insurance Corpo...

Bermuda Investment Advisory Services is offering global web-based trading for $6.95 per trade, plus two cents per share. Its just-launched Freedom Trading securities trading platform will have mobile capabilities. “This will be less than half the co...

A standout week of major international business conferences will bring hundreds of delegates to the Island from Latin America, the US, Canada and further afield next week. Bermuda Business Development Agency and its stakeholders are preparing for fiv...

The Bank of Butterfield has closed its initial public offering of shares on the New York Stock Exchange. The bank put more than 12.2 million of its ordinary shares up for sale in New York, at a price of $23.50 per share. Around 5.9 million of the sha...

Bermuda is “a step ahead” of the UK as it grapples with its exit from the European Union. Ariane West, a partner in law firm Taylors, in association with Walkers, said the island’s self-negotiated Solvency II equivalency status in Europe and work to ...

Butterfield Bank is eyeing acquisition opportunities in the trust industry after a successful debut for its shares on the New York Stock Exchange. Michael Collins, Butterfield’s chief executive officer, said the money the bank raises from the initial...

Bermuda made its mark on the New York Stock Exchange yesterday as Butterfield Bank sold its first US shares, a troupe of Gombeys took to the trading floor and Michael Dunkley rang the opening bell. It was all to mark Butterfield’s initial public offe...

Butterfield Bank’s initial public offering of shares on the New York Stock Exchange is scheduled to take place this morning. Last night the bank announced that the 10.6 million shares to go on sale will have an asking price of $23.50 per share — repr...

Butterfield Bank got off to a flying start with its initial public offering of shares in New York this morning. After Michael Dunkley, the Premier, and Michael Collins, Butterfield’s chief executive officer, rang the opening bell at the New York Sto...

Somers Ltd, parent company of Bermuda Commercial Bank, intends to buy a majority stake in Australian financial institution Resimac Ltd for $88.5 million. The Bermudian-based company announced it had agreed to acquire a 79 per cent stake in Resimac f...