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Environmental charity Greenrock has backed a bid by Finance Minister Bob Richards to end power firm Belco’s monopoly and generate more power from renewable sources. Greenrock executive director Gordon Johnson said Government should encourage business...

Butterfield Bank today announced that full-year net income more than tripled to $78.2 million in 2013. Core earnings, which eliminate items “outside the course of normal business”, were up 39.5 percent to $76.6 million. In its earnings statement toda...

Bermuda First Investment Company Ltd (BFIC) recorded a $0.8 million profit for the first six months of its fiscal year — but saw the value of its investments fall by $4.3 million. The company, which invests in a variety of Bermuda Stock Exchange-list...

A gradual improvement in the economic environment is reflected in Capital G Bank Ltd’s financial earnings released today, according to the bank’s statement. Capital G, now a wholly owned subsidiary of the Clarion Group, made $3.6 million profit for t...

Power firm BELCO’s monopoly on energy supply will be broken, Finance Minister Bob Richards said in his Budget speech. Mr Richards said the firm’s lack of competition was a contributing factor to the Island’s failure to climb out of the recession. But...

For holders of Bermudian-American citizenship, or for Americans married to Bermudians The Argus Group has designed a 401(k) plan particularly for them. Argus — through its subsidiary Bermuda Life Insurance Company Limited and in partnership with US-b...

A US judge’s opinion in favour of Validus Re in a tax case could have positive implications for Bermuda reinsurers. Retrocession arrangements in respect to offshore entities providing coverage for US risks are not subject to tax, the US federal court...

At just 22-years-old, Teniko Eve is the front-line for the Bermuda-domiciled captive management firm Marsh. After receiving his International Baccalaureate while studying in Hong Kong, and graduating from St. John’s University in New York City, Tenik...

XL Group’s Bermuda insurance operation’s initiative to help clients in healthcare mitigate risk went live in the wake of the The Patient Protection and Affordable Care Act (ACA), otherwise known as Obama Care, becoming law in the United States. Wesl...