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Communications firm Digicel was last night staying tight-lipped on whether its phone SIM cards were supplied by a firm hacked by the UK and US security services. The telecoms firm has not responded to questions on whether Dutch technology giant Gemal...

A man seeking to overturn a judgment against his mother for unpaid phone bills has been chastised in Magistrates’ Court. The Royal Gazette also came in for criticism for its coverage of the case. Jose Beek, 40, of Harrington Sound Road, Smith’s, had ...

Bermuda residents are being urged to consider how they will fund their retirement as new data shows increasing strain on people’s retirement finances around the world. The long-term impact of the global economic downturn that hit in 2008 caused milli...

The family of an elderly woman facing 14 days in prison over an unpaid Digicel bill allegedly run up by someone else is seeking now to have a judgment against her put aside. Janice Beek, 73, of Smith’s, appeared yesterday in debt court before Senior ...

More than $609 million in Bermuda-linked money was found in leaked documents about HSBC’s controversial Swiss private bank. One Bermuda client alone had $234.9 million stashed in Switzerland — one among around 65 clients connected to Bermuda and 183 ...

RenaissanceRe Holdings Ltd has given shareholders of Platinum Underwriters Holdings Ltd until 5pm on February 26 to choose the mix of stock and cash they want to receive as a result of the combination of the two Bermuda reinsurers. A special meeting ...

RenaissanceRe Holdings Ltd’s acquisition of fellow Bermuda reinsurer Platinum Underwriters Holdings Ltd has moved a big step closer. RenRe has cleared all regulatory hurdles necessary to complete the deal, the company announced. Meanwhile, Platinum h...

Reinsurance is struggling with too much capacity, Lancashire Holdings CEO Alex Maloney said yesterday. “This is driving competition on both price and terms and conditions,” he added. He was speaking as the firm released its 2014 last quarter and full...

Bermuda-based insurer Ironshore has closed a deal that will make Chinese investment firm Fosun International Ltd the firm’s biggest shareholder. Hong Kong-listed Fosun completed its purchase of 20 per cent of Ironshore’s outstanding shares, the compa...

NEW YORK (Bloomberg) — Arch Capital Group Ltd chief executive officer Dinos Iordanou said consolidation in the reinsurance market is good for business. The deals will eliminate some “desperate competitors” who used tactics that have pressured revenue...