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A chorus of approval has been given to the news that terrorism insurance backstop provision by the US government is to be extended for a further seven years. It removes the spectre of insurance and reinsurance firms pulling out of risky coverage for ...

Bear Stearns can challenge an order to pay out $125 million to investors who were left high-and-dry by the collapse of Bermuda-administered Manhattan Investment Fund in 2000. The New York broker continued to accept $125 million in margin payments fro...

Only days before the latest shooting in Bermuda, John Battersbee started the process of organising a new approach to dealing with the spiral of violence that has taken a number of young lives in recent years. Early in the New Year, he intends to hold...

A businessman who is vying to become a bulk cement supplier for the Island is appealing to new Minister for Works and Engineering Derrick Burgess to make available existing plans, designs and equipment specifications for the twin silo plant at Dockya...

A new year and a new company structure - that's the intention of Argo Group International Holdings, the company that took shape in Bermuda earlier this year with the merging of Argonaut Group and the remnants of PXRE. Argo Group took over the former ...

Bacardi's executive vice president Ralph Morera is to double-up as chief financial officer as of January 1 following the announced resignation of current CFO Graham Hetherington, who has decided to leave the company "to pursue other opportunities." M...

There are more Bermuda dollar notes and coins in circulation this holiday season than at the same time last year. Infact, there is $7 million more cash in circulation after the Bermuda Monetary Authority did the mathematics and concluded the Island w...

XL Capital's subsidiary XL Insurance (Bermuda) has appointed Mark Peeters as its new chief underwriting officer of its Bermuda-based professional lines business. Mr. Peeters will take up his role at the start of 2008 and will oversee a team of 14 and...

A further major business organisation on the Island has added its congratulations to Premier Ewart Brown and the Progressive Labour Party in securing victory during last Tuesday's general election. The Association of Bermuda International Companies a...