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Member companies of the Association of Bermuda Insurers and Reinsurers employ nearly 16,000 people in Europe and operate in 20 EU member states. The information is highlighted in a release from Abir, based on its annual economic impact survey. The su...

Belco is inviting the public to give their views on its proposed grid code. Under its transmission, distribution and retail licence, the power utility is required to develop a grid code for approval by the Regulatory Authority. The grid code is inte...

Peter Durhager has joined the Somers Ltd board of directors. The financial-services holding company that owns Bermuda Commercial Bank also announced in a filing with the Bermuda Stock Exchange today that Duncan Saville is to retire from the board nex...

Shares of One Communications Ltd fell by five cents, or 1.7 per cent, to $2.85 after 1,300 traded on The Royal Gazette/BSX Index. HSBC Holdings also lost five cents, or 0.57 per cent, to close at $8.65 after 4,366 traded. Meanwhile, BF&M Ltd improved...

A global cybersecurity leader and former high-level official on cyber matters at the US Department of Justice will be the headline keynote speaker at a cyber-risk conference in Bermuda. Luke Dembosky has been lined up for the International Cyber Risk...

Credit rating agencies view Markel’s proposed buyout of Bermudian-based Nephila Capital positively. The deal, which will result in Nephila being run as a stand-alone company by existing management as part of the Markel portfolio, was announced last ...

Three companies’ share prices fell last week as more than $756,500 worth of stock changed hands in Bermuda Stock Exchange trading. Watlington Waterworks saw the largest decline, slumping $3, or 12 per cent, to close on $22 as 500 shares traded. Devon...

Sompo International Holdings Ltd has launched its new Luxembourg-based subsidiary SI Insurance (Europe), activating its post-Brexit plan well ahead of Britain’s departure from the European Union next year. Sompo International, which is based at offic...

Maiden Holdings’ sale of its US reinsurance unit to a subsidiary of fellow Bermudian company Enstar Group makes sense for both companies, according to investment research company Zacks. Maiden will receive net proceeds of $307.5 million for its Misso...

A former hotel room attendant who launched her own cleaning business is now expanding the firm’s services. “We do more than just clean” is the new motto for D&T’s Cleaning, which refers to Dream Team Services. The mobile business launched a few mont...