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HSBC has been named the “World’s Best Investment Bank” in Euromoney magazine’s Awards for Excellence 2016. The bank also won the “World’s Best Bank for Corporates” awards, along with six regional prizes. The Euromoney awards, now in their 25th year, ...

Only a few months after Exor completed its acquisition of PartnerRe, the forward trajectory for the Bermudian reinsurer has become clearer. There has been a restructuring of the company, with its business units now consolidated into three worldwide s...

A furious customer yesterday blasted Clarien Bank for blocking access to his account. And the client said the bank had hit him with late payment fees for his mortgage after it refused to process transactions on his account. The man, who asked not to ...

A Bermudian start-up reinsurance firm has raised $600 million in capital. Harrington Re Reinsurance Holdings with its subsidiary Harrington Re has completed a capital raise of around $550 million of equity and $50 million of debt, including a $100 mi...

Bermudians will have their say on the future of the island’s electricity supply after Belco yesterday submitted its analysis of the options for the next 20 years. The utility filed its Integrated Resource Plan with the Energy Commission, laying out t...

Bermudian-based insurer Hiscox is the lead insurer for the Turkish airport that was hit by a terrorist attack, which killed 44 people and injured more than 200. Richard Halstead, line underwriter for war, terrorism and political violence for the firm...

The Bank of Butterfield’s outlook has been upgraded to positive from stable by ratings agency Standard & Poor’s. And S&P said the likelihood of the overall banking industry country risk-assessment score for the island improving was “increasing.” The ...

A managing director of the US-based global financial services and private equity firm The Carlyle Group has joined the board at Bank of Butterfield. James Burr, a managing director at The Carlyle Group, has become a non-executive director of the bank...

Bermuda faces some important decisions on how to power itself over the next 20 years — and Belco today put forward detailed findings on the most likely energy-mix options to help the island decide. The Intergrated Resource Plan, which Belco as the el...

Digicel Bermuda has become a gold partner with technology security company Fortinet Solutions. Fortinet counts the majority of Fortune 500 companies among its customers, and provides a range of high-performance cybersecurity solutions for networks a...

Bermudian insurer Ironshore has received a ratings boost from AM Best. The ratings agency removed the insurer from being “under review with negative implications” and affirmed its A rating. However, the ratings were given a negative outlook. Ironshor...

Bermuda Press (Holdings) Ltd’s profits more than tripled in the first half of its fiscal year, even as revenue slumped. The company, which owns The Royal Gazette, as well as commercial printing, retail and real-estate interests, said net income for t...