Run-off may be one of the less fashionable aspects of the insurance industry — but there's real money to be made for capable operators with the necessary expertise.
That is reflected in the success of...
Butterfield Bank’s $130 million rights offering opened yesterday, giving qualifying shareholders the right to buy more shares for $1.21 each.
The rights to buy the Butterfield shares began trading on ...
Hundreds of Butterfield Bank shareholders yesterday heard an apology from chairman Robert Mulderig for the failures at the bank that led to a more than 90 percent decline in share price over the past ...
Butterfield Bank shareholders will today get the opportunity to voice their opinions directly to management in what is likely to be a stormy annual general meeting.
The meeting comes after a turbulent...
Asset management company WP Stewart & Co. Ltd. has announced plans to move its Bermuda operations and headquarters to New York, with the loss of five local jobs.
The company, which managed about $1.5 ...
The two major players in Bermuda's security market have joined forces to create a new company called Security Associates Ltd.
The amalgamation involves the security officers division of the Bermuda Se...
The first three months of 2010 will likely turn out to be the most expensive first quarter in history for natural disaster reinsurance claims, according to global reinsurance broker Willis Re.
In a re...
Bermuda's economy dropped off dramatically in the fourth quarter of last year, according to statistics released by the Government yesterday.
The numbers in the Quarterly Bulletin of Statistics paint a...
The construction industry has gone from boom to bust, figures released this week by the Government show.
The Quarterly Bulletin of Statistics highlights an alarming shrinkage in the industry which emp...
Bermuda's economic woes deepened in the last three months of 2009, new figures released by Government show.
The Quarterly Bulletin of Statistics suggests that the slumping local economy is becoming in...
