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Officials broke ground on Thursday for the first phase of the $50-million scheme to erect new offices for Bermuda insurer, EXEL Ltd. at the five-acre site of the old Bermudiana Hotel. The site was split down the middle by EXEL and ACE Ltd., with the ...

of Class Cleaners in St. George's to create the largest laundry and dry cleaning service in the Island. The deal, brokered by Capcar Enterprises, now brings 11 retail outlets under the roof of holding company, DT&T Ltd., without the loss of any jobs....

and Brunswick Company Ltd. over more than $1.6 million. Mr. Yearwood, a Brunswick director, sought summary judgment, claiming $1,623,115.32 from the defendant company. That was said to be the balance of money he lent the firm, at the firm's request, ...

Winter-Cookson Petty, Ltd. (WCP). In the the industry's biggest consolidation, WCP is selling their business lines to import leader, Butterfield & Val lis. But WCP said yesterday of the redundancies, "a number of these 17 people could still be taken ...

Smith, has said that the Government, and the Chamber, will have to do a better job in the future. Taking over as president from David Rowntree next week Thursday, he is excited about changing times, including the expansion of the Chamber's board of d...

have-nots based on the emergence of new technology. That is the view of executives of RenaissanceRe, president and chief operating officer Will Riker and executive vice president David A. Eklund. They wrote in the Bermuda reinsurer's annual report: "...

A new retail showroom for telephone products will be opened today, Phones Plus, in the Church Street Mall, with a few remarks from Chamber of Commerce president David Rowntree. CEO and co-owner Dave Cardell said the new business intends to fill the v...

to the former Church Street location of Karl's Department Store, in the Boyle Building. Co-owner Carol Bromby said that the new location, which opened this week, has a third more floor space than the old premises of 13 years. "We'd been looking to mo...

The Bermuda office of Odyssey Re (the former Sphere Drake) has been hit by the departure of two key underwriters. But top executives are awaiting the result of an ongoing underwriting operational review before deciding on replacements, if necessary. ...

Fairfax Financial Holdings Ltd., the Toronto-based firm that recently acquired Bermuda and London insurer Sphere Drake, has declared net income after tax of CDN$232.5 million, up 54 percent from the year before. Fairfax also explained to shareholders...