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A Bermuda insurance firm has splashed out nearly $220 million to buy a South Carolina-based company. The deal will see Enstar Group take over Companion Property and Casualty Insurance, based in Columbia. Enstar CEO Dominic Silvester said: “We are pl...

Eleven Bermudian university students completed a 12-week cultivating internship programme with KPMG in Bermuda. Wanda Armstrong, the firm’s HR and graduate recruitment manager, said: “The students were able to see first-hand how employment opportunit...

Insurance investment firm Randall & Quilter announced a loss in the first half of the year, as legal expenses weighed on results. But the company continued its expansion through acquisitions and the boosting of capacity of the Lloyd’s syndicate that ...

Banking giant HSBC yesterday celebrated ten years in Bermuda with a massive $500,000 donation to education. HSBC donated $250,000 to the Reading Clinic and a further $250,000 to charity Knowledge Quest, which helps students struggling to pay for thei...

Pricing goods and services at the right level to make a profit was the subject of a breakfast seminar hosted by the Bermuda Economic Development Corporation (BEDC). Representatives from PwC Bermuda, the BEDC and local entrepreneur David Zuill gave gu...

A major earthquake in California’s Napa Valley wine country could cost insurers up to $1.5 billion in claims. The 6.0 magnitude quake, the biggest to hit the US state’s Bay area in 25 years, hit on Sunday morning, injuring more than 200 people and d...

There was no trading among domestic-board companies on the Bermuda Stock Exchange today, leaving The Royal Gazette/BSX Index unchanged on 1,388.46. Among the international companies with secondary listings on the BSX, ClearTV shares opened for tradin...

A top TV company has signed up with the Bermuda Stock Exchange. And California-based ClearTV said its presence on the Island could lead to local link-ups, as well as boosting Bermuda’s image as a place to list a business. ClearTV chief operating offi...

Bermuda-based beverage giant Bacardi Ltd has appointed Kevin McNamara as chief financial officer and senior vice-president. The 47-year-old succeeds Joseph Schena, who left the company for another opportunity. Mr McNamara most recently served as corp...

Investment firm LOM has notched up a five-star rating for one of its funds. International investment analysts Morningstar gave the company’s Stable Income Fund its top rating in its latest round of rankings. Stable Income Fund manager Bryan Dooley, w...