HSBC Bermuda’s net profit more than doubled to $45 million in 2013, as the company cut expenses and withstood significant allowances for bad loans.
The bank, part of the HSBC global empire, revealed i...
Bermuda Press (Holdings) Ltd (BPH) posted a full-year profit of $922,000 as the company cut operating expenses by more than seven percent.
The net income for the year ended September 30, 2013, broke d...
XL Group’s American reinsurance operation has acquired Global Ag Insurance Services, a California-based crop insurance provider specialising in the needs of farmers in the western US.
XL Reinsurance A...
First-quarter profit more than doubled to $6.2 million for Somers Ltd, owner of Bermuda Commercial Bank.
The profits were generated principally by BCB and Waverton, a UK investment management company ...
Butterfield Bank yesterday 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 pe...
Bermuda-based Hiscox Ltd yesterday announced a 12 percent rise in full-year pre-tax profit to £244.5 million ($406.8 million) — the second-best earnings in its history.
The insurer and reinsurer, whic...
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 percen...
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 i...
The Bermuda Government will pay more than $310,000 per day in interest on its growing mountain of debt in the coming fiscal year.
And despite the $70 million of cuts in public spending announced yeste...
The number of jobs in Bermuda fell by 921 last year, preliminary data from a survey of businesses shows.
But the Ministry of Finance is projecting that Bermuda’s economy is likely to emerge from a fiv...
