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British Airways flights out of Gatwick and Heathrow were grounded yesterday as a result of a “major IT failure”. However a spokeswoman for the airlines said that today’s flights between Bermuda and London are expected to operate normally. “We are ext...

Drinks firm Goslings yesterday launched a $10,000 limited-edition rum specially created to mark the America’s Cup. The Auld Trophy rum — made from the company’s oldest barrels dating back nearly 50 years — includes a handmade crystal and silver decan...

Digicel Bermuda's island-wide LTE service goes live today, bringing faster upload and download speeds to mobile devices, greater consistency and better quality voice calls. The data download and upload speeds are expected to be up to ten times faster...

Environmental group Greenrock has called for Belco to move away from fossil fuels, saying adoption of liquid natural gas was not a “viable compromise”. In a statement, the charity acknowledged the need for Belco to upgrade its infrastructure, but add...

Mark Smith, the chief financial officer of island-based Enstar Group, will step down from his role at the end of this year. Guy Bowker, Enstar’s chief accounting officer and deputy CFO, will succeed Mr Smith in the CFO role from the start of 2018. Mr...

Butterfield Bank’s credit rating has been upgraded by Fitch Ratings. The New York-based rating agency said today that it had raised the bank’s “viability rating” to “bbb” from “bbb-” after its review of the bank. Fitch has also affirmed Butterfield’...

Belco says it will decommission half of its ageing generators within the next three years — and it urgently needs permission to invest the necessary capital to replace them. Sean Durfy, chief executive officer of the power utility’s parent company As...

A subtle pattern of symmetries has been created by this week’s appointment of Brian Duperreault as chief executive officer of American International Group. Not only has Mr Duperreault, 70, come full circle in his career, having entered the insurance ...

A store specialising in America’s Cup merchandise has launched a new website. And the Bermuda Shop on Front Street, part of the Gibbons Company, has already sent America’s Cup team clothing and other Cup-related merchandise to Europe and the US. Paul...

NEW YORK (Bloomberg) – American International Group will give Brian Duperreault $12 million in cash, 1.5 million stock options and an annual pay package valued at $16 million to turn around the company as its seventh chief executive officer since 200...

Industry veteran Brian Duperreault has left island-based Hamilton Insurance Group to become head of American insurance giant AIG. Douglas Steenland, chairman of AIG, said: “Brian is uniquely qualified to lead AIG at this important time. “He is a hand...

Hamilton Insurance Group founder Brian Duperreault has written to his staff after leaving to take over as president and CEO of insurance firm AIG. Mr Duperreault told Hamilton employees that he was not leaving because there were problems at Hamilton ...