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The all-Bermudian staff of DeFontes Broadcasting have been assured that their jobs are safe, following a change of management at the company. Spencer Conway, a 31-year-old Bermudian entrepreneur, has taken over as interim CEO from longtime boss Kenny...

Investors are expected to continue ploughing money into insurance-linked securities at an ever greater pace this year — with most of the activity centred on Bermuda. And analysis by PwC suggests that third-party capital is there as part of long-term ...

Bermuda’s plans to expand its area of air traffic control were in focus at the World Air Traffic management Congress in Madrid yesterday. The Government announced in last November’s Throne Speech its intentions to become a certified Air Navigation Se...

HSBC Bermuda CEO Richard Moseley says his bank is flush with capital and keen to lend — but it has tightened lending standards in recent years to avoid making the same mistakes the industry made in the pre-crisis period. In his Budget statement last ...

HSBC Bermuda is seeing a growing number of clients who have signed their paperwork and are ready to borrow, but are waiting before they buy a property. The revelation came during an interview with the bank’s top executives after they released their f...

Bermuda reinsurers could be in the hook for larger winter claims than normal coming from both sides of the Atlantic, after a string of storms hit the US and UK over the past few weeks. PCS, a division of Verisk Analytics, has already calculated insur...

HSBC Bermuda’s net profit more than doubled to $45 million in 2013, as the company cut expenses and withstood significant allowances for bad loans. The bank, part of the HSBC global empire, revealed its Bermuda unit’s results today and stressed that ...

Bermuda Press (Holdings) Ltd (BPH) posted a full-year profit of $922,000 as the company cut operating expenses by more than seven percent. The net income for the year ended September 30, 2013, broke down to 40 cents per share and represented a strong...

XL Group’s American reinsurance operation has acquired Global Ag Insurance Services, a California-based crop insurance provider specialising in the needs of farmers in the western US. XL Reinsurance America has been partnering with the Fresno-headqua...