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Digicel is a step closer to securing an agreement with bondholders that would lop $1.6 billion off its debt burden. The telecommunications firm said yesterday that the deal will reduce its annual interest payments by $125 million and cut its total de...

Argus Group had full-year net earnings of $14.2 million, the same as the previous year. The Bermudian-based insurance and financial services group, which also has operations in Gibraltar and Malta, said the impact of Hurricane Humberto last September...

The Ministry of Public Works wishes to inform motorists and pedestrians that there will an extension to the two road closures presently in place for the construction of the North Power Plant at BELCO. The roads remaining closed are: • Tribe Road # ...

Bermuda Electric Light Company Limited (BELCO) today provided an update on operations and information for customers now that Bermuda has entered Phase 3 of the COVID-19 restrictions. BELCO’s head office at 27 Serpentine Road will be open from Monda...

Argus Group’s car, motorcycle and small business customers will receive a 50 per cent rebate on their motor insurance policy premiums for the month of April as a result of decreased driving and claims during to the shelter-in-place period. Customers...

HSBC Bermuda has launched a joint “Local Heroes” and “Shop Bermuda” campaign initiative, designed to celebrate the spirit of Bermuda by providing support to our people and local businesses. The campaign’s primary focus is to give the public the oppor...

RenaissanceRe is looking to raise about $1 billion in capital through a sale of shares. The Bermudian-based reinsurer announced an underwritten public offering of 5.5 million of its common shares on Tuesday. At the same time, US insurer State Farm M...

Butterfield Bank has priced a $100 million registered debt offering. The bank said tonight that the 5.25 per cent fixed to floating subordinated notes, due 2030, was expected to close on or about June 11, 2020, subject to customary closing conditions...

Butterfield Bank is giving customers the option of deferring loan payments for another three months should they be facing ongoing financial difficulty due to the impact of Covid-19. The offer is for existing customers who have personal loans and mort...

Bermuda is on a list of countries where HSBC Holdings is reconsidering or reviewing its future, according to reports. The HSBC board is pushing for the restart of a restructuring programme and to come up with more radical changes, including the poss...

Bermuda’s power consumption has dropped to its lowest level in 20 years, The Royal Gazette can reveal. Economic activity and population size have historically been linked to the amount of electricity generated by power supplier Belco and used on the ...

Digicel Bermuda will open its doors in a new location today. Don Foggo, the head of marketing for Digicel, said the move from Church Street to the former Stationery Store on the corner of Reid Street and Burnaby Street in Hamilton would offer custome...