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It may be a case of now or never for Aspen Insurance Holdings shareholders considering whether or not they should support Endurance Specialty Holdings’ hostile takeover bid. Yesterday, Endurance chairman and chief executive officer John Charman said ...

Iron-Starr Excess Agency Ltd and Hamilton Re have entered into an underwriting partnership. Iron-Starr, a Bermuda-based specialty lines insurance managing general underwriting agency formed in 2009 through a partnership between Ironshore and Maurice ...

Michael Collier has retired as chairman and as a director of Bermuda Commercial Bank Ltd. The bank said today that he will be replaced as chairman on an interim basis by Alan Gilbertson, who is a non-executive director of the bank and the former pres...

Endurance Specialty Holdings Ltd’s proposed merger with Aspen Insurance Holdings Ltd makes strategic sense — but Endurance should raise its offer, given the strength of Aspen’s latest financial results. That is the view of analysts at UBS, detailed i...

Two young Bermudian men yesterday received a significant donation toward their education as winners of the third annual Ace Foundation scholarships. Winner of the Robert Clements/ACE Scholarship, Deondre Trott, received a fully-funded four year schol...

Bermuda-based reinsurer Ariel Holdings Ltd has agreed to be sold to Brazil’s Grupo BTG Pactual SA, largest independent investment bank in Latin America, for an undisclosed sum. Ariel’s CEO Tom Hulst told The Royal Gazette last night that “no jobs wil...

Almost 400 properties in the Prospect area lost power today after a switch tripped at the Belco substation — but all should have electricity again by 5pm. Bermuda Police Service was affected, as was the bus depot, Prospect primary and pre schools, Be...