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A Bermuda insurance firm has splashed out nearly $220 million to buy a South Carolina-based company. The deal will see Enstar Group take over Companion Property and Casualty Insurance, based in Columbia. Enstar CEO Dominic Silvester said: “We are pl...

Banking giant HSBC yesterday celebrated ten years in Bermuda with a massive $500,000 donation to education. HSBC donated $250,000 to the Reading Clinic and a further $250,000 to charity Knowledge Quest, which helps students struggling to pay for thei...

A major earthquake in California’s Napa Valley wine country could cost insurers up to $1.5 billion in claims. The 6.0 magnitude quake, the biggest to hit the US state’s Bay area in 25 years, hit on Sunday morning, injuring more than 200 people and d...

A top TV company has signed up with the Bermuda Stock Exchange. And California-based ClearTV said its presence on the Island could lead to local link-ups, as well as boosting Bermuda’s image as a place to list a business. ClearTV chief operating offi...

Investment firm LOM has notched up a five-star rating for one of its funds. International investment analysts Morningstar gave the company’s Stable Income Fund its top rating in its latest round of rankings. Stable Income Fund manager Bryan Dooley, w...

An Island asset recovery firm has signed up with a Cayman-based company to recover millions of dollars in unclaimed financial assets owned by Bermuda residents from around the globe. Hamilton-based Krys Global has teamed up with AssetMine Global to t...

America’s Cup organisers have asked Bermuda rival San Diego for thousands of free hotel nights worth $2.75 million in the run up to the 2017 races. But San Diego Tourism Marketing District board members are said to be against the idea. The San Diego ...

The result of Cup Match is still to be decided — but Somerset Cricket Club are determined they will not be on the losing side if the East-West clash is cancelled due to bad weather. For Somerset CC — for the first time in the game’s 112-year history ...

Construction firms are to get a tax break to help boost jobs and attract foreign investment. Finance Minister Bob Richards said the scheme would be targeted at major projects like hotels. “Direct foreign investment is going to be one of the critical ...