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Bermuda Container Line (BCL) is to continue to operate out of the port of New York/New Jersey after its owner Neptune Group decided to go back on its plan to switch to Philadelphia to cut costs. The U-turn came after importers made clear their prefer...

Ratings agency Standard & Poor’s may lower HSBC Bank Bermuda’s A/A1 credit ratings by as much as two notches, after it put the bank on “CreditWatch Negative”. In a report published this week, S&P’s analysts cite concerns over the bank’s loan deterior...

Bermuda will remain at the forefront of the burgeoning convergence between the reinsurance and asset management industries, because it has an exceptional mix of expertise in both areas. That is the view of Craig Redcliffe, partner and insurance leade...

The Bermuda Monetary Authority (the Authority) confirmed has confirmed that it has signed a Memorandum of Understanding (MoU) with Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), in relation to the European Union’s...

Belco could slash its electricity charges by around 15 percent if plans to convert its systems to burn liquefied natural gas (LNG) instead of diesel fuel come to fruition. Walter Higgins, CEO of Belco’s parent company Ascendant Group, told The Royal ...

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...