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A batch of Bacardi-owned Bombay Sapphire gin has been recalled in Canada after it was found to have nearly double the alcohol content listed on the bottle. Up to 6,000 bottles of the gin, famous for its distinctive blue bottle, are thought to have be...

Jim Davies expected a few raised eyebrows at Customs. He had travelled to Bermuda alone, yet his luggage was filled with what were clearly women’s clothes. “The customs officer was quite fascinated with a 1937 cap I had in there,” the Londoner said. ...

NEW YORK (Reuters) — Bermudian-based bond insurer Assured Guaranty, which has more than $5 billion at stake in Puerto Rico’s debt crisis, has sued the US territory and its financial oversight board, objecting to a fiscal turnaround plan approved by t...

Public consultations were today launched over the future of electricity supply on the island. The Regulatory Authority said the public consultations were a “an important and key opportunity” for business and individuals to provide their views on the ...

Island-based insurer Enstar Group Ltd’s first-quarter earnings rose by more than 20 per cent. The company posted net income of $54.7 million, or $2.80 per share, compared to $45.5 million, or $2.35 per share in the January-to-March period last year. ...

The insurance industry is one major loss event away from a crisis, a company CEO has warned. Alex Maloney, CEO of Lancashire Holdings, said the current regime of tight margins was “unsustainable” and a catastrophe could change the dynamics of the mar...

British Airways marked 80 years of service to the island with a glitzy reception at the Hamilton Princess last night. And the airline marked the occasion by announcing a limited-time 20 per cent discount on fares for Bermuda-London flights. Michael D...

The Argus Group is tackling road safety head-on by implementing a graduated licensing programme for motorcycle riders at Berkeley Institute. Group CEO Alison Hill was one of the panellists during a recent screening of the documentary A Piece of the...

Like a prize in a game of pass the parcel, Ironshore Inc switched hands this week for the second time in two years. But it is all good, according to Mitch Blaser, chief executive officer of Ironshore Bermuda. “It is fantastic news for Ironshore overa...

Bermudian-based reinsurance and insurance firm RenaissanceRe has posted profits of $92.4 million for the first quarter of the year. The figure, equal to $2.25 per common share, is down $35.6 million on the first quarter of last year. Kevin O’Donnell,...

Reinsurance firm PartnerRe announced first-quarter profits of $38 million — $163 million down on the same period last year — as both net premiums written and investment income fell. Emmanuel Clarke, the firm’s president and chief executive officer, s...

A multiyear spell of pricing pressure continues to drag on the insurance and reinsurance sector, but it has not stopped XL Catlin from finding “lots” of pockets of opportunity. The Bermudian-based company is benefiting from broadening its product off...