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In partnership with The Eliza DoLittle Society (‘TEDS’), HSBC Bermuda’s (‘HSBC’) workforce strive to address the issue of food insecurity in Bermuda. Since the programme’s inception in 2016, HSBC employees have helped to distribute over 27,000 meals...

Plumes of smoke from Belco’s North Power Plant were caused by tests run on its new generators, the company said yesterday. A spokesman for Ascendant Group, the parent company of the electricity producer, said that tests had twice caused “brief discha...

HSBC Holdings plans to shed about 35,000 jobs — 15 per cent of its global workforce — over the next three years, the bank said yesterday. Any potential impact on HSBC Bermuda is not yet clear. “There is no geographical breakdown regarding potential j...

A Florida-bound British Airways flight was forced to make an emergency diversion to Bermuda yesterday because of smoke in the cabin. A spokesman for the Bermuda Fire and Rescue Services said they received a call about the diversion at around 4pm. He ...

Opioids and cannabis are hot topics for the insurance industry, and both present challenges for brokers and risk managers. Some of those risks and emerging risks were brought into focus by two US-based experts from global law firm Dentons, who spoke ...

American International Group has reported a profit of $922 million, or $1.03 per diluted common share, for the fourth quarter. That compares to a net loss of $622 million, or 70 cents per share, in the prior-year quarter. The company said the improve...

Butterfield Bank has reported a profit of $43.9 million, or 82 cents per share, for the fourth quarter. That’s down from the $46.2 million, or 87 cents per share, it made in the same quarter of 2018. For the full year, the bank’s net income was $177....

More than 60 staff from drinks giant Bacardi hit the streets as part of a drive to keep up on trends in the licensed trade and among customers. The Bacardi team toured bars and restaurants in Hamilton in the firm’s worldwide “Back to the Bar” campaig...

Arch Capital Group Ltd posted net income of $316 million for the fourth quarter. The Bermudian re/insurer said the profit, up from $126 million in the corresponding period of 2018, broke down to 76 cents per share and represented a 12 per cent annual...

A deadline for a decision on the change of control of Belco to Canada’s Algonquin Power and Utilities Corporation has been extended to October. The Regulatory Authority will issue a final decision on the change of control application. A Bermuda gover...

Discussions about the possible sale of PartnerRe have been confirmed by the company that owns the Bermudian-based reinsurer. Exor, the Italian investment firm controlled by the Agnelli family that paid about $6.9 billion for PartnerRe in 2016, in a s...

Global re/insurer Chubb saw its strongest premium revenue growth in five years in the fourth quarter of last year and its Bermuda underwriting operation saw strongly higher pricing. In a conference call with analysts, Evan Greenberg, chairman and chi...