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Reinsurance firm PartnerRe is to hold talks with Italian firm Exor in a bid to push up its $6.8 billion rival offer to the proposed merger with Axis. PartnerRe said it had been given a waiver by Axis to open talks with Exor — but repeated its commitm...

Belco could be burning natural gas instead of heavy oil fuel within four years, if energy regulators back the utility’s plans to change its principal electricity-generating fuel. That’s the view of Walter Higgins, the chief executive officer of Ascen...

Bermuda insurer and reinsurer Axis Capital Holdings Ltd is not considering improving on its offer for Bermuda-based reinsurer PartnerRe Ltd after rival bidder Exor’s raised $6.8 billion bid, according to a report by Reuters. The report cites a a sou...

More than 200 objectors along with the Bermuda Environmental Sustainability Taskforce are opposing a second attempt by Digicel Bermuda to obtain planning permission for a mobile cell tower in Devonshire. The communications company’s earlier effort f...

A long-serving director of Bermuda Press (Holdings) Ltd (BPHL) has been appointed chairman of the board. Stephen Thomson, a board member since 1997, was previously deputy chairman under former chairman Michael King, who died earlier this year. He has...

The Bermuda Electric Light Company has been awarded a $4.5 million government contract to replace the street lights throughout Bermuda with light-emitting diodes, or LED, luminaires. The contract was announced in Tuesday’s Royal Gazette. Among the ad...

Ironshore may be in the process of being taken over by a Chinese firm — but its roots will remain firmly entrenched in Bermuda. Maintaining what Ironshore chief executive officer Kevin Kelley calls “the Bermuda advantage” was a key element of the $1....

Belco is achieving “abysmally low” returns — and utilities elsewhere in the world posting similar results are in danger of bankruptcy. That is the view of Walter Higgins, chief executive officer of Belco’s parent company Ascendant Group Ltd. Mr Higgi...

Robin Seale has been appointed Digicel Bermuda’s new chief executive officer. He takes over from Alistair Beak, who has been promoted to regional CEO overseeing the Turks & Caicos, Cayman Islands and Bermuda. He will remain in Bermuda. Mr Seale was f...

XL Group’s Bermuda insurance arm will tomorrow host a discussion touching on international arbitration training event, featuring Gavin Kealey, QC. Mr Kealey, head of chambers at 7 King’s Bench Walk and one of the UK’s top insurance QCs and arbitrator...

Belco is preparing to ask energy regulators for permission to raise its electricity prices. The imminent rate filing to the Energy Commission to change basic tariffs comes after Belco’s parent company Ascendant Group Ltd announced a fifth consecutive...