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Bermuda's booming construction sector faces virtual shut down in a matter of weeks with hundreds of lay-offs and potential bankruptcy for small businesses. With no one in place to operate the Dockyard twin silo plant beyond the end of this year and n...

The $50 million-capitalised start-up Valient Insurance Company, owned by Ariel, has been given a financial strength rating of "A-" and an issuer credit rating of "a-" from AM Best. The agency said the outlook for both ratings is stable. Bermuda-based...

International business in Bermuda and elsewhere is keeping an interested eye on the Island's political temperature and the possible outcomes of the December 18 general election. A commentary in the UK-based Insurance Insider newsletter picks up on th...

Endurance Specialty Holdings has concluded its acquisition of the USA's fifth largest underwriter of federally sponsored crop insurance ARMtech. During this year Texas-based ARMtech has secured an estimated $410 million in premiums. It has now been b...

International business in Bermuda and elsewhere is keeping an interested eye on the Island's political temperature and the possible outcomes of the December 18 general election. A commentary in the UK-based Insurance Insider newsletter picks up on th...

A big jump in the daily charter rats for tankers has been reported by the head of Bermuda-registered Nordic Atlantic Tankers. The spot tanker price was just $17,000 a day in October but is now $68,000. However, it will take some time for Nordic to se...

Aspen Insurance has been given a strong endorsement for this year and 2008 by the AM Best rating agency. It is likely to see retained earnings of above $150 million for both this year and next, according to the agency, and that together with its bala...

Bermuda-domiciled Tyco International has declared a regular quarterly cash dividend of 15 cents per common share. The dividend is payable on February 1 to shareholders of record as of January 3. Tyco International is provider of security products and...

Construction bosses responsible for ongoing projects worth hundreds of millions of dollars are anxiously seeking word from Government that the cement plant at Dockyard will remain operational beyond the end of this month. Almost a week after the last...

Invesco's arrival in Bermuda this week might add a few thousands of dollars to the economy, but it will do little else so long as the giant investment company remains a "virtual" entity simply domiciled and exisiting as a document file in a lawyer's ...