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Bermuda Aviation Services (BAS) is flying high after posting total profits of $1.65 million for the six months to the end of September. The figure is an increase of $375,000 compared to the same period last year. The firm’s revenues also increased — ...

By Andrew Zajac and Christie Smythe WASHINGTON (Bloomberg) — Hank Greenberg’s legal assault on the US government and the terms imposed in its 2008 bailout of American International Group brought a parade of financial crisis superstars to a Washington...

HSBC is issuing new credit and debit cards to those who were affected by credit-card “skimming” this year, but denied rumours that there had been a second incident. Police announced in September that they were investigating an incident of skimming af...

Butterfield Bank has been named Bank of the Year by The Banker magazine in both Bermuda and the Cayman Islands. It was the second consecutive year that the international banking industry publication gave Butterfield the award for both jurisdictions. ...

HSBC Bermuda chairman Philip Butterfield has been named a director of international re/insurer Endurance Specialty Holdings Ltd. Bermuda-based Endurance said today Mr Butterfield had joined its board as a non-executive director. Mr Butterfield was ...

Both Fitch Ratings and Standard & Poor’s Ratings Services have affirmed the ratings of RenaissanceRe, after the Bermuda reinsurer announced its proposed $1.9 billion acquisition of Platinum Underwriters Holdings, Ltd. The two agencies’ assessments ru...

Students who need help to pay for their education will receive a financial boost thanks to a donation designed to fund scholarships. A financial contribution has been given to the Adult Education School (AES), which provides adult literacy support an...

Rating agency AM Best has placed Bermuda-based RenaissanceRe Holdings Ltd and its affiliates under review with negative implications, citing moves into casualty business and away from their “core competency of property catastrophe reinsurance”. Best ...

NEW YORK (Bloomberg) — The Federal Reserve Bank of New York’s legal advisers sought to devise ways to avoid accountability to shareholders in the 2008 bailout of American International Group, according to evidence introduced at the end of trial testi...

NEW YORK (Bloomberg) — Maurice “Hank” Greenberg’s argument that the U.S. sought to evade a shareholder vote on its 2008 bailout of American International Group Inc may get a boost from a Fed legal adviser’s own words. “We succeeded in finding a struc...

A major reshuffle at Bermuda Commercial Bank (BCB) will see two senior officials leave and another one redeployed. Head of banking Edwina Lambert is expected to move to another senior post, while head of asset management Lola Myshkita has resigned. A...