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WASHINGTON (AM Best News Service) — Starr International Co scored a procedural victory in its $25 billion class-action lawsuit against the federal government over the bailout given to American International Group during the financial crisis of 2008. ...

A Bermuda insurance firm has splashed out nearly $220 million to buy a South Carolina-based company. The deal will see Enstar Group take over Companion Property and Casualty Insurance, based in Columbia. Enstar CEO Dominic Silvester said: “We are pl...

Banking giant HSBC yesterday celebrated ten years in Bermuda with a massive $500,000 donation to education. HSBC donated $250,000 to the Reading Clinic and a further $250,000 to charity Knowledge Quest, which helps students struggling to pay for thei...

Bermuda-based beverage giant Bacardi Ltd has appointed Kevin McNamara as chief financial officer and senior vice-president. The 47-year-old succeeds Joseph Schena, who left the company for another opportunity. Mr McNamara most recently served as corp...

Belco has donated $165,000 toward education for local students who showed themselves to be “gifted, dedicated and ready to make a real contribution to the Bermuda community”. Belco president and CEO Walter Higgins commended the 2014-2015 recipients o...

Premier Michael Dunkley and Economic Development Minister Grant Gibbons were last night among the guests at a brokers’ event hosted by insurer Ironshore and Iron-Starr at The Club on Bermudiana Road. The original plan to venture out on luxury yacht T...

Whether you’re a dog person or a cat person, British Airways has something to help you decompress on the long flights between Bermuda and London. “Paws and Relax” is a dedicated channel to show footage of cats, kittens, dogs and puppies, to be shown ...

Digicel has fired the latest shot in the battle for market share in the liberalised telecommunications market. Yesterday, the wireless services provider said it would offer Netflix — the provider of streaming movies and TV shows via the internet — fr...

Chinese investment company Fosun International Ltd is to buy a 20 percent stake in Bermuda insurer Ironshore. Privately held Ironshore, which in June filed for a $100 million initial public offering, said Fosun’s investment brought with it valuable c...

Six Bermudian university students have completed the Ace Select insurance-focused internship programme with global insurer Ace Group. The 12-week programme focused on providing hands-on experience, team building, networking, and professional skills d...