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Butterfield & Vallis of the Corona League collected another First Division scalp in the FA Cup last night when they beat Somerset Eagles in their preliminary round replay at Goose Gosling Field. B&V, who beat BAA in last year’s competition, were dese...

The head of XL Catlin has backed a bid to reduce the risk of disasters due to climate change. Mike McGavick, who is also the chairman of the board of international insurance industry body the Geneva Association, told a major Paris conference on clima...

Butterfield Bank has been awarded bank of the year in Bermuda and the Caymans. The award, from the international banking industry magazine The Banker, is the third in succession for Butterfield. Butterfield’s chief executive officer Michael Collins s...

HSBC Bermuda chairman Philip Butterfield is to step down after 15 years with the bank. Mr Butterfield said: “It has been both an honour and a privilege to serve over the past 15 years as both CEO and subsequently chairman of the board. “My tenure at ...

Kirk Hanefeld and Brian Morris shot four-under-par 66s to take an early lead in the Gosling’s Invitational yesterday. With Patrick H Horgan III, the defending champion, unable to return to defend his trophy, Hanefeld and Morris took advantage of the ...

Staff at AIG Bermuda have been helping schoolchildren to learn to read as part of the company’s efforts to give back to the community. More than 60 children from Elliott Primary School will go through the reading programme before next June, with volu...

Belco management has agreed to put on hold its pension plan discussions that yesterday sparked a protest by workers. Scores of Belco employees marched through Hamilton over proposed changes to their pension plans and later gathered outside the utili...

The CEO of insurance group Argus will speak at a major conference for Commonwealth heads of government in Malta this weekend. Alison Hill will be joined as a speaker at the conference by the Argus Group chief executive Dr Vanessa Borg, head of its Ma...

Chinese investment firm Fosun International Ltd has completed the acquisition of the remaining 80 per cent equity interest in Bermuda-based insurer Ironshore. The Shanghai-based firm, headed by billionaire Guo Guangchang, bought 20 per cent of Iron...

A special breakfast meeting next week will focus on the cost of retiring in Bermuda. The breakfast seminar, organised by the Bermuda Chamber of Commerce and presented by Miguel DaPonte, senior vice-president of BF&M Investment Services, will look at ...

Shareholders in reinsurance firm PartnerRe today backed the $6.9 billion takeover offer from Italian investment giant Exor. The shareholders voted on the deal — which also gets them a special dividend of $3 a share contingent on the deal closing — at...

Clarien Bank has expanded its private banking business and hired two new staff. Cyril Simmons is now senior private banker, while Carmen Adebiyi has been appointed private banking officer. Clarien head of private banking Clare Spearing said: “They ad...