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XL Catlin is aiming to tap into the booming Indian economy. The global insurer and reinsurer has started the licensing process to establish a reinsurance branch in India. The application has been filed with the Insurance Regulatory Development Author...

PartnerRe Ltd has appointed Chairatch Phrompechrut as head of strategic ventures. He will report to Marvin Pestcoe, chief executive officer, life, health and strategic ventures. Mr Phrompechrut joined the company in 2008 and has held several positi...

Butterfield Bank has made six management-level employees in Bermuda redundant in a restructuring move. Bank spokesman Mark Johnson told The Royal Gazette that a further 12 workers lost their jobs in the Cayman Islands and Guernsey, although Butterfi...

More than 250 Belco customers lost power due to high winds this afternoon. At 2pm, the company said 230 customers had lost power in the Pitts Bay Road area of Pembroke, a further 25 in St Anne’s Road in Southampton and two more in Smith’s. The lights...

Ironshore has announced the opening of a branch office in Seattle. The Bermuda-based insurer’s latest office will be led by Daniel Sonon as branch executive. Mr Sonon will be responsible for marketing across all Ironshore business lines, reporting ...

Spirits giant Bacardi is to launch a bid to connect with millennials. And the firm has appointed a new global millennials manager to nurture young talent and keep the firm’s brands relevant to younger people. Now Nim de Swardt, 30, is aiming to get t...

The company organising this year’s Agricultural Exhibition has announced that Butterfield & Vallis has stepped up to be a sponsor of the event. The wholesaler, along with JM Smucker Company (Robin Hood flour), AG Show Ltd president Antwan Albuoy said...

The Botanical Gardens and two Bermuda Government offices will be closed early tomorrow so that Belco can carry out work. In a statement released this afternoon, a Department of Parks spokeswoman said the gardens will close from 2pm to 6pm. She added:...

Bermuda Press (Holdings) Ltd is celebrating the first milestone on its path to earning an Investors in People designation. The Investors in People Standard is an international framework and mark of excellence for people management across 75 countries...

Mike McGavick, the chief executive officer of XL Group plc, will moderate and co-chair several discussions at this week’s World Economic Forum (WEF) in Davos. Mr McGavick was due to lead the Insuring the Transforming Risk Landscape this morning in th...

New-style microchipped cards to provide better security are on the way for HSBC Bermuda customers. However, a date when the cards will be introduced has yet to be confirmed. The cards, commonly referred to as “chip and pin”, feature an embedded and e...

Digicel Business has retained its Cisco Gold Certification, which is the highest level of partner certification from multinational technology company. It is the only business solutions provider in Bermuda with the gold certification. The news affirms...