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A stream of customers arrived at Rosebank banking centre on Bermudiana Road yesterday morning, nearly all of them unaware that Butterfield Bank had announced its closure earlier in the day. Maria Medeiros, of Paget, tried the main door, stepped into ...

One Communications Ltd has announced a dividend of 8 cents per share. The telecommunications group said in a filing with the Bermuda Stock Exchange that the dividend will be payable on May 15 to shareholders of record on April 30. Frank Amaral, the O...

Hostage and assault crisis response coverage has been added as a complimentary bonus for clients who have Axa XL’s pollution insurance for real estate businesses and portfolios. The company said that by tapping into its crisis management expertise it...

Jonathan Colello is to join Bermudian-based global reinsurer PartnerRe Ltd as chief executive officer, P&C Americas, and president of Partner Reinsurance Company of the United States. He will report to Emmanuel Clarke, PartnerRe president and CEO, a...

An energy plan will include a mix of ways to generate power, the Minister for Home Affairs has signalled. Walter Roban said the energy blueprint would take elements from all eight energy generation proposals submitted to the Regulatory Authority of B...

Gibbons Company has announced that Violeta, a plus-size fashion line designed by Mango, is now available in Bermuda exclusively at the retailer’s Reid Street store. Gibbons says the contemporary fashion brand “gives curvy women a voice in fashion wit...

BF&M Ltd has announced an increase in the quarterly dividend, for declaration on June 28, 2019, from 22 cents per share to 24 cents per share, payable to shareholders on July 15, 2019. John Wight, the insurer’s chief executive officer, said: “In refl...

Since our last report in late January on the Ascendant developments, its inflated stock price, its lack of interest in including renewable energy in the Integrated Resource Plan, many new developments have occurred. Our principal concern is that em...

Ed Noonan, the former chairman and chief executive officer of Bermudian reinsurer Validus Holdings, has taken a new role as chairman of global specialty insurer StarStone. StarStone is predominantly owned by Bermudian-based Enstar Group, which has a ...

BF&M posted net income of $20.2 million for 2018, up from $3.7 million the year before. The insurer said gross premiums written totalled $352.6 million, an increase of 7 per cent over 2017. Short-term claims and adjustment expenses decreased 25.8 per...

A Belco employee who taught children safe kite flying is to retire after 50 years with the firm. Cornell Dunkley, known as the Belco Kiteman, will stand down in July after 36 years in charge of a schools safety campaign. Mr Dunkley, a lineman, carrie...

Bermudian-based Bacardi Ltd has been named among the most reputable companies in the world for a seventh consecutive year. The annual Global RepTrack 100 list is compiled by the Reputation Institute and published in Forbes magazine. Bacardi is ranked...