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Bermuda Commercial Bank is set to get a new owner after parent company Somers Ltd agreed to sell to investment company Provident Holdings. Provident is owned by an investment group led by Christopher Maybury, a Bermuda resident, who is promising “a m...

Conduit Reinsurance Ltd, one of the large new start-ups set to enter the Bermudian reinsurance market, has been given a preliminary financial strength credit assessment of A- by AM Best. The firm’s holding company, Conduit Holdings, has announced pl...

Bermudian-based reinsurance investor Hudson Structured Capital Management has teamed up with global broker and risk adviser Aon to create a new cyber catastrophe insurance product. The product, which allows for limits of up to $70 million, is intende...

Bull’s Head Car Wash has reopened for business, nine months after it closed down. The Hamilton business, on Jackson’s Way near the Bull’s Head Car Park, was run by the Riviere family for 15 years before it shut down in February, pending a sale that e...

International General Insurance Holdings Ltd has seen rates across its book of business climb by more than a fifth so far this year. The revelation came in the Bermudian specialist commercial re/insurer’s third-quarter earnings report, as net income ...

Lloyd’s of London insurer Chaucer plc has gained the necessary regulatory approvals to launch its new Bermudian reinsurance company. The Bermuda Monetary Authority and the Central Bank of Ireland have given the green light for the company to resume o...

Brookfield Asset Management is to set up a new Bermudian-based annuity reinsurance company. BAM Reinsurance will take responsibility for up to $10 billion worth of annuity policies originally written by American Equity Investment Life Insurance. The...

Pursuing a career in accountancy can lead to plentiful job options and builds the skills needed for a wide range of leadership roles. That is the view of Melissa Logie, president of CPA Bermuda, the island branch of an organisation representing holde...

Conduit Holdings Ltd intends to raise $1.1 billion through a stock market flotation in order to set up a new Bermudian re/insurance company. The company, which will be led by industry veterans Neil Eckert and Trevor Carvey, said it will operate under...

The old Plantation Restaurant will re-open for a night tomorrow for the “Dusk Till Dawn” Halloween party. The nearby Leamington Cave will also be reopened for the guests to add to their dinner experience. It is thought to be 26 years since the restau...