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Bermuda’s international business community was a topic of discussion in the Senate yesterday, with Opposition Senator Michael Fahy calling on Government to restore the trust with the reinsurance industry. As reported by The Royal Gazette earlier this...

Bacardi has announced two new directors have been elected to serve on the company’s board of directors. The newly elected directors, Georgia Garinois-Melenikiotou and Patrice Louvet were elected to the board at the company’s annual general meeting i...

Bacardi Limited has announced the appointment of Ron Anderson to the role of senior vice president and chief commercial officer based out of their corporate global headquarters in Bermuda. In this role, Mr Anderson will focus on enhancing sales force...

US Presidential candidate Mitt Romney has responded to the fervour over his financial connections to Bermuda. Over the last several days, the Republican candidate has faced a groundswell of criticism for not releasing his tax information back further...

Bermuda-based Endurance Specialty Holdings has announced that David Bigley has been promoted to senior vice president, head of US Property Catastrophe Reinsurance. Mr Bigley, who joined Endurance in 2003, now reports to Stephen Young, executive vice...

Omega Insurance insists the time frame for its takeover by Canopius Group will not be affected by a lawsuit filed in the Bermuda Supreme Court. In April, the board of Bermuda-based Omega Insurance Holdings Ltd agreed to a £164 million ($265 million)...

HSBC Europe has agreed to sell its Irish insurance business to a Bermuda-based company for an undisclosed amount. In an announcement to the London Stock Exchange, the bank said it was selling HSBC Insurance (Ireland) and HSBC Reinsurance to Bermuda-...

There’s been a recent influx of banks, hedge funds and private equity firms injecting capital into the reinsurance market — adding a reported $6 billion and $8 billion of new capacity since 2011 and slowing the return of a hard reinsurance market. An...

American International Group (AIG), which was taken over by the federal government in 2008, sued the US seeking $30.2 million for an alleged overpayment of taxes for 1991. The lawsuit, filed last week in the US Court of Federal Claims in Washington, ...