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Bermuda College has formalised its public-private partnership with Validus Re which is opening up opportunities for students to enter the IT field for reinsurance companies. The firm has been offering internships at the college for about two years a...

Bermudian-based insurance giant XL Catlin is to take part in a hi-tech project to run a fleet of driverless cars between London and Oxford in England. Now it plans to trial six autonomous vehicles around 60 miles between the two cities by 2019. Richa...

NEW YORK (Bloomberg) — American International Group is weighing a plan to hire Bermudian Brian Duperreault as the company’s seventh chief executive officer since 2005, according to people familiar with the board’s deliberations. Other candidates are ...

The Bermuda Stock Exchange has this year launched its “Own Your Share of Bermuda” campaign to raise awareness of opportunities to invest in the island’s public companies. The Royal Gazette is supporting the effort by publishing weekly features on eac...

Axis Capital will ensure children across the island can attend the Agricultural Exhibition this week. The company is sponsoring all children on the island to attend the show on Friday as part of the Axis Kids Free on Friday initiative, which is part ...

The start of the Ace story in Bermuda has been marked with a special plaque at the Hamilton Princess. The founding chairman of the firm John Cox wrote the company’s first insurance policy in room 348 at the hotel in 1985. Ace, now Chubb, has since gr...

Telecoms firm Digicel’s major mobile network upgrade is set to be complete by next month. The company said the final phases of its multimillion-dollar, high-speed LTE mobile data provision would be finished during April and May. Julian Burton, Digice...

BF&M Ltd took a $10 million hit from hurricanes in 2016, the most active storm year the insurer has ever experienced. However, the island-based firm was still able to post full-year net income of $14.4 million — down from the $23.9 million profit in ...

A founder and former chairman of Bermuda reinsurer Flagstone Re has died in Canada. Mark Byrne, who cofounded Flagstone with David Brown, died in Montreal last Thursday. He was 55. Mr Byrne was involved in the island’s insurance and reinsurance busin...

Bermudian reinsurer RenaissanceRe Holdings Ltd is to bolster its reserves by $30 million to take account of the discount rate used to calculate lump sum awards in UK bodily injury cases. From March 20, the Ogden rate changed from plus 2.5 per cent to...

Island-based global drinks firm Bacardi has clamped down on a brand scam run by a fraudster who billed himself “the baron of spirits”. Mystery man Tofikuddin Ovaysi registered nearly 100 shell businesses in the UK using clone names of drinks producer...

Island-based Bacardi has won a place on a list of the most reputable companies in the world. The company rose eight places to 84th in the annual Global Rep Trak 100 ratings from the Reputation Institute — the fifth consecutive time family-owned Bacar...