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Interest is still high among corporations in setting up captive insurers in Bermuda, despite growing competition from rival domiciles in the US. But competition in the industry is heating up, as more US states pass laws aimed at making themselves dom...

Bermuda’s burgeoning insurance market is at the heart of a global industry that helps to underpin the world economy. It is one cog in a huge machine that incorporates companies in numerous cities around the world, from brokers and catastrophe modelle...

Youth team footballers refused to budge for 15 minutes after being ordered off BAA Field as they were about to start the second half of an Under-18 League game last night. Furious parents said the youngsters had been treated disrespectfully after the...

Bear Stearns has been ordered by a US court to pay nearly $160 million to investors in a collapsed hedge fund that was administered and audited in Bermuda. The Manhattan Investment Fund folded seven years ago, leaving investors with losses of more th...

Bermuda-based First Atlantic Commerce Ltd. (FAC), which specialises in e-commerce payment solutions, is to expand into Mauritius to offer its clients greater global reach. The company has announced the launch of its “Pan Asian solution” which FAC say...

The Bermuda Monetary Authority (BMA) has responded to Ace Ltd. CEO Evan Greenberg’s call for improved regulation of the insurance industry, by saying significant progress has already been made. In a speech on Monday, Mr. Greenberg said Bermuda had ma...

The new chief executive officer of Capital G Bank said yesterday he wanted to keep the company's relationship with customers "uncomplicated and fair" and lead the Bank to further growth. Stephen Freeman, who has 25 years of banking experience, spoke ...

CellularOne lost some subscribers in 2006 but maintained strong profitability in an increasingly competitive wireless telecommunications market, chief operating officer Michael Leverock said yesterday. The company maintained its position as market le...

Finance Minister Paula Cox said last night that Ace Ltd. chief executive officer Evan Greenberg’s call for beefed-up regulation of the insurance industry suggested he was “not current” with improvements that had taken place at the Bermuda Monetary Au...

Fears for the future of Bermuda-based life reinsurer Scottish Re abated yesterday, after shareholders approved a $600-million take-over of the company by two investment institutions. At an extraordinary general meeting at the Fairmont Hamilton Prince...