Butterfield Bank is using some advice from major shareholder the Carlyle Group to help ensure that the investment problems that plagued it over the past three years cannot happen again.
The bank's new...
Bermuda-based telecommunications group KeyTech Ltd. is investing around $2 million to extend its fibre optic network in the Cayman Islands as it seeks to boost its corporate data services business.
Ke...
Ace Ltd. is to cut 17 jobs from its Bermuda workforce next year.
All those whose positions will be eliminated have been notified, the company said in a statement yesterday.
"These employees will be gi...
LOM (Holdings) Ltd. announced today that the US District Court in New York has approved a settlement with the US Securities and Exchange Commission (SEC) resolving allegations that involved trading of...
Bermuda-based reinsurer Platinum Underwriters Holdings Ltd. said yesterday that it spent $91.8 million buying back more than 2.2 million its own shares in the third quarter.
The company added that it ...
The annual rate of inflation fell for the fourth successive month in August to two percent.
But significant increases in the prices of food and electricity during the month kept the cost of living mov...
Redomestication away from Bermuda is having little operational impact on insurers who have chosen to move, according to credit rating agency Standard & Poor's.
Laline Carvalho, director of S&P's finan...
Bermuda-based reinsurer Everest Re Group, Ltd. has released an early estimate of its third-quarter earnings to counter speculation swirling around the company.
The company said yesterday it expected a...
The ALARYS Congress wound up yesterday, with organisers hailing the event as a success.
More than 150 delegates from at least 17 countries attended the event, the Latin American Association of Risk an...
The Organisation for Economic Cooperation and Development's latest report on Bermuda signals that the Island is leaving offshore rival the Cayman Islands behind, according to Finance Minister Paula Co...
