Log In

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...

The US company due to take over support operations at Bermuda’s airport yesterday pledged to retain all 40 staff from outgoing contractor BAS Serco. Atlanta-based CI² beat BAS Serco, which has held the contract for 20 years and will take over at the ...

US telecoms firn Atlantic Tele-Network (ATN) has taken a majority stake in Bermuda’s KeyTech. The move means KeyTech will combine with wireless services firm CellOne to create a major provider of mobile, fixed and international telecoms services on t...

Shares in telecoms firm KeyTech jumped 45 cents after it was announced US firm Atlantic Tele-Network was seeking to take a 51 per cent share of the business. The move would see KeyTech, the parent company of Logic, combine with wireless services prov...