Log In

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 jobs at the firm, which works out of offices at 3 B...

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 and $1.3 billion for the new business, named ABR ...

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 spotted by officials at the Registrar of Companies. ...

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 and chief executive officer John Charman told The ...

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 long-term lease with the landlords and would occupy a...

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 second successive year in the national Budget statement...

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 released by HSBC Bank Bermuda Ltd yesterday revealed...

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 previous year. Net profit from operations in Bermud...

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 report for the year ended September 30, 2014, BPH, ...

The Bermuda Monetary Authority plans to get more involved with Government in ensuring the Island’s financial stability — but it will steer well clear of politics. That was the firm message from chief executive officer Jeremy Cox, who was speaking aft...