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A strengthening of the KeyTech and Atlantic Tele-Network (ATN) grouping alters the telecommunications landscape in Bermuda. It is a healthy development, believes Graham Pearson, chief executive of Bermuda-based Ignition Group of Technology Companies....

Atlantic Tele-Network (ATN) is a trading company that invests in the communications and renewable energy industries. It was founded in 1987, and is headquartered in Massachusetts. The company has a market capitalisation of $1.2 billion, and is listed...

Two students have been sponsored by an international business body to attend a major conference on insurance. The Association of Bermuda Insurers and Reinsurers (Abir) have backed Kishana Thomas Quallo and Edward Gouveia DeSousa, both Bermuda Insuran...

Bermuda-based Axis Capital Holdings Ltd plans to cut 100 jobs from its global workforce — including a small number in Bermuda. The streamlining announced this morning by the insurer and reinsurer includes the closure of its Australian retail insuranc...

A total of 50,105 shares worth more than $115,752 today traded on the Bermuda Stock Exchange (BSX). The Bank of Butterfield was the biggest mover, ending the day two cents (1.1 per cent) up at $1.80 after 28,000 shares traded. Telecoms firm KeyTech w...

Bermuda’s IT sector contributed more than $220 million to the Island’s economy last year. Information technology made up 3.9 per cent of the gross domestic product (GDP) — a total of $222 million — according to a report from the Department of Statist...

Owners of the Pier 6 tent structure on Front Street are confident it will be quickly repaired and operational ahead of this month’s Louis Vuitton America’s Cup World Series. The tent was damaged on Sunday night as Hurricane Joaquin brushed the Island...

NEW YORK (Bloomberg) — The world’s top body for economic coordination unveiled its blueprint yesterday for cracking down on international tax avoidance, an opening salvo in what promises to be a prolonged battle between countries and companies over w...

Reinsurance group Validus Holdings faces a near-$64 million estimated bill for two natural disasters in China and Chile. The Chilean earthquake last month and the massive explosion in China’s Tianjin in August has cost the company’s Validus Re and Ta...

Four major rating agencies have a negative outlook for the reinsurance sector. Significant declines in pricing during 2014, and the continuing pressure on pricing this year is one of the factors noted by agency AM Best. It also noted the effect of in...