KeyTech Ltd. is considering plans to install a new multi-million-dollar undersea telecommunications cable linking the Island with the US and has been in talks with potential fellow investors.
The Mini...
XL Capital Ltd. chief executive officer Brian O'Hara said yesterday that any new legislation that would force global insurers to pay more US tax would end up hurting policy-holders who lived in hurric...
Bermuda-based Orbis Mutual Funds will cease to use HSBC Bank of Bermuda as one of its administrative banks and is switching most of its funds to Citigroup by the end of this year.
The Fund made the an...
Bermuda-based IPC Holdings Ltd. last night reported net income of $77.2 million for the first quarter and said it would repurchase up to $200 million of shares over the next 12 months.
IPC's net incom...
Bermuda biggest company Ace Ltd. last night reported a 43-percent surge in first-quarter earnings to $701 million.
The insurer and reinsurer enjoyed improvements across the board as net investment inc...
Everest Re Group Ltd. massively outperformed analysts' expectations as it reported first-quarter net income of $297.6 million — up almost 77 percent on the same period a year earlier.
Operating income...
PartnerRe last night reported a 12 percent fall in first-quarter net income compared to 2006 after it sustained losses of $44 million from a winter storm in Europe.
The storm, named Kyrill, brought hu...
Critics around the world should stop pointing the finger at offshore financial centres and get their own houses in order, according to the president of the Association of Bermuda Compliance Officers (...
Property developer and manager West Hamilton Ltd. has estimated that its planned construction of four new multi-purpose structures around the existing Belvedere Building just outside Hamilton will cos...
Most M3 Wireless customers were unaffected by the outage which disrupted internet service for BlackBerry users across North America earlier this week, the company said.
In a statement relased on Wedne...
