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Some 48 residents temporarily lost power in the area of Laffan Street, Hamilton, this morning due to a twisted aerial cable. The customers lost power at 7.14am but it was mostly restored by around 10am. Early this afternoon, four residential custome...

The parent company of Bermuda Commercial Bank has made an investment in a British law firm that specialises in alternative assets such as hedge funds. Somers Ltd, a financial services holding company based in Bermuda, said today through a statement f...

NEW YORK (Bloomberg) — Ruben Rodriguez, the retired Bacardi Ltd chief executive officer who led the rum maker in its 2004 purchase of Grey Goose superpremium vodka, has died. He was 79. He died May 5 in Darien, Connecticut. In 2000, Rodriguez was nam...

The choices facing Bermuda over how it should generate the electricity supply of the future are becoming increasingly complex, with the rapid changes taking place in the global energy sector. That is the view of Walter Higgins, chief executive office...

NEW YORK (Bloomberg) — Evan Greenberg, who built one of the world’s largest insurers by combining Ace Ltd and Chubb this year, sought to portray the merged company as a more stable alternative than hobbled rivals who are seeking to rebound. “When the...

Butterfield Bank is looking into the possibility of listing its shares on a US stock index in order to increase its ability to raise capital and provide more liquidity for shareholders. In addition, the bank is mulling the possibility of placing its ...

KeyTech and CellOne have created a new full-service telecommunications combination, sealing a series of linked deals involving both companies and US-based Atlantic Tele-Network. Frank Amaral will lead the combined company. For the past seven years he...

The new Chubb Ltd got off to a strong start by exceeding the expectations of both Wall Street and Evan Greenberg, the company’s chairman and chief executive officer, in the first three months of this year. Formerly known as Ace Ltd until its $29.5 bi...

Lancashire Holdings saw its profit almost halved to $28.3 million in the first quarter. However, the company kept its combined ratio steady at 72.7 per cent, only a fraction higher than the same period last year. Price reductions on renewals in Janua...

Butterfield Bank has successfully transitioned former HSBC Bermuda employees, their clients and accounts to its operations following the bank’s acquisition of the Bermuda Trust Company and HSBC Bermuda’s private banking investment management operatio...

Ascendant Group Ltd’s operating earnings doubled to $14.5 million last year as electricity sales rose for the first time in six years. The group, which owns Belco, attributed the $7.2 million increase in earnings to improved results at the power util...

KeyTech and CellOne have created a new full service telecommunications combination. It will provide residential and business customers with enhanced options and pricing, while new capital means accelerated investment in Bermuda and Cayman, according ...