Bermuda has been overstating the number of companies registered on the Island for more than a decade, Government revealed yesterday.
Economic Development Minister Grant Gibbons said the errors had bee...
AQR Re Management Ltd is to wind down its operations after three years in business as a result of the reinsurance industry’s “consolidating market dynamics”.
Some people will consequently lose their j...
Ace Ltd is teaming up with BlackRock Financial Management, the world’s largest money manager, to create a new Bermuda-based reinsurance venture.
The companies are seeking to raise between $800 million...
Bermuda has been overstating the number of companies registered on the Island for more than a decade, Government revealed today.
Economic Development Minister Grant Gibbons said the errors had been sp...
Endurance Specialty Holdings Ltd is still in the market for an acquisition after its attempt to merge with Bermuda rival Aspen Insurance Holdings Ltd last year failed to work out.
Endurance chairman ...
Jeweller Astwood Dickinson is to move its flagship retail store into a new home in Orbis House at 25 Front Street.
Part of the AS Cooper Group, the 111-year-old jeweller said today it had signed a lon...
HSBC Bermuda chief executive officer Richard Moseley says the bank welcomes competition after Finance Minister Bob Richards said he was looking at ways to “restructure the banking sector”.
For a secon...
Many homeowners continue to struggle to make payments on their mortgages as Bermuda grinds through what has been described as its deepest credit crisis in at least half a century.
Financial results re...
HSBC Bank Bermuda Ltd posted net profit of $48 million in 2014, up $3 million from 2013, the bank said today.
Revenue also climbed to $261 million, an increase of $19 million, or 8 per cent from the p...
Bermuda Press (Holdings) Ltd made a $905,000 profit in its last fiscal year — slightly down from $922,000 in the previous year — as revenues edged higher for the first time since 2008.
In its annual r...
