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Capital G Investments Ltd yesterday announced the 100 percent acquisition of Orion Investment Management Ltd. Orion, a Bermuda-based investment management boutique, was founded in 2006 and currently consists of four investment professionals - Eric Hi...

CellularOne and M3 Wireless yesterday said they had agreed to merge their wireless businesses. The amalgamation of two of Bermuda’s three cell phone service providers will create a company with approximately a half share of the market, according to ...

Axis Capital Holdings Ltd sustained catastrophe losses exceeding half a billion dollars in the first quarter and posted a net loss of $384 million. The Bermuda re/insurer’s chief executive officer John Charman said the industry’s high natural disaste...

A piece of history will be lost forever when Gosling’s Ltd closes its Somerset store for the last time on Saturday. The store, which has been in the town for almost 100 years, has had to shut for economic reasons. It follows the closure of the famous...

Butterfield Bank is paying the Carlyle Group a $4 million annual fee for advice on managing its balance sheet. The payment, which was revealed in the bank’s Annual Report 2010, is a three-year agreement that the bank entered into last October. Accord...

Butterfield Bank returned to profit in the first quarter - and bosses are now confident they can keep earnings positive after three years blighted by huge losses. The bank reported reported net income for the first three months of the year of $8.4 mi...

Butterfield Bank today reported first-quarter net income of $8.4 million, compared to a net loss of $176.3 million in the same period in 2010, as it slashed operating costs by 18 percent. In a statement, the bank said operating expenses fell almost $...

Private-equity funds run by US banking giant Goldman Sachs have agreed to pay more than $290 million for a near 20 percent stake in Bermuda-based Enstar Group Ltd. The affiliated funds of GS Capital Partners (GSCP) will invest up to $291.6 million fo...