Log In

Butterfield Bank has few friends with the imposition of a new $1 a month fee to hold a savings account. And seniors advocacy organisation Age Concern, while pleased that at least some of its members won’t be affected, is calling on the bank to recons...

Brendan McDonagh has moved into the expanded role of chairman and chief executive officer of Butterfield Bank after the departure yesterday of Bradford Kopp. Mr Kopp had been president and CEO of Butterfield for the past two-and-a-half years, having ...

Bermuda reinsurer Validus Holdings Ltd has agreed to buy Flagstone Re in a deal valued at $623.2 million. The two companies expect the deal to close in the fourth quarter of this year and the combined company will maintain Validus’s name, headquarter...

British Airways is introducing its award-winning new first-class service on the Bermuda route to London Gatwick this summer. Customers flying from Bermuda, now have the opportunity to experience the updated First cabin, subject to availability. The n...

Bermuda Commercial Bank yesterday announced plans to set up a new investment holding company called Bermuda National Ltd (BNL). The restructuring appeared to be aimed at strengthening BCB’s balance sheet and allowing greater flexibility for making ac...

Bermuda reinsurer Validus Holdings Ltd has agreed to buy Flagstone Re in a $623.2 million deal. The transaction provides Flagstone shareholders with a 19.4 percent premium over yesterday's closing share price, and is valued at $8.43 of value per Flag...

Nuclear power is not a suitable alternative energy source for Bermuda and wind farms are questionable — the Island should be looking more to the sun and importing natural gas while cutting down on its own electricity usage. This according to the new ...

Bermuda Commercial Bank has announced the award of three scholarships to exemplary students in the community. This year, one of the scholarships was open for all ages to apply as the bank said it felt that individuals of all ages may wish to pursue ...

Bank of Butterfield has sold its wholly-owned Barbados subsidiary, Butterfield Bank (Barbados) Ltd, to Trinidad and Tobago-based First Citizens Bank Ltd for $45 million. Butterfield announced in May 2012 that it had reached an agreement for the sale...

Bermuda-based Enstar Group Ltd has agreed a deal to acquire US insurer SeaBright Holdings, Inc for around $252 million. Enstar will pay $11.11 per share in cash. The purchase price represents a 34.3 percent premium over SeaBright’s closing stock pric...

Ascendant Group has come to the assistance of the Department of Conservation Services with the ongoing restoration of Nonsuch Island Nature Reserve by the donation of a propane-powered refrigerator for the Conservation Officer’s cottage. Working wit...