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A Bermuda company has a $2 billion plan to lead the Island to energy independence within ten years. The ambitious project, which aims to give the Island an electricity supply fuelled entirely by renewable sources, has been in the works for two years....

Shares of Bermuda-based bond insurer Assured Guaranty plunged more than 13 per cent in New York trading yesterday after Puerto Rico’s Governor described the island’s $72 billion debt as “unpayable”. Assured had $4.9 billion of par exposure to Puerto...

Insurer Argus Group Holdings Ltd posted an annual profit of $16 million — despite taking a hit from hurricanes Fay and Gonzalo. The earnings for the year through the end of March 2015, which broke down to 76 cents per share, were up from $13.3 millio...

Insurance industry veteran Brian Duperreault says unintentional discrimination is holding back women in the insurance industry. And the Hamilton Insurance Group chief executive officer added that industry leadership must do more to counteract stereot...

Bermuda has been named by the European Union as a country that is not doing enough to crack down on tax avoidance. The Island was one of 30 countries on the list published by the EU’s executive Commission today. “These tax havens cover the five conti...

The reinsurance industry is under threat, according to financial newspaper The Economist. In an article focused on the industry, the UK-based publication said insurers were increasingly bypassing reinsurers and offloading their risk directly to the c...

Former Digicel Bermuda chief executive officer Wayne Caines is consulting for rival telecoms firms Bermuda CableVision, The Royal Gazette has learned. Mr Caines left his Digicel post last July after six years with the company, but remained connected ...

Typical households will see their electricity bills rise by 7 per cent or more, if Belco’s application to increase its rates is granted. Under proposals submitted to the Energy Commission yesterday by the utility, residential tariffs, or the base rat...

Belco urgently needs to be allowed to increase its electricity rates in order for Bermuda to continue to enjoy a “first-world” electricity system. That is the view of Walter Higgins, the utility’s chief executive officer, who said a continuation of “...

If Axis and PartnerRe realise their merger plans, the combined company will return $750 million to shareholders following the proposed merger. That number was detailed in an investor presentation filed with US financial regulator the Securities and E...