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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...

A blame game has broken out after local construction firms claimed they were unpaid for months of work on the new power plant deemed “essential” for Bermuda’s energy future. Three Bermudian contractors, who spoke this week with The Royal Gazette unde...

PartnerRe may be up for sale, according to a report that cites a London banking source. The Bermudian-based reinsurer was bought four years ago by Exor, the Italian investment firm controlled by the Agnelli family. Exor paid around $6.9 billion to bu...

More than 60 staff from drink giant Bacardi will hit the town tomorrow to visit bars around Hamilton to carry out hands-on market research. The firm’s “Back to the Bar” drive was designed to keep employees around the world in touch with trends and gi...

Ann Manal has been appointed chief human resources officer at Bermudian-based re/insurer RenaissanceRe. She will be responsible for overseeing the global HR function, and will be based at the company’s Bermuda headquarters. Kevin O’Donnell, presiden...

KraftHeinz and Butterfield & Vallis presented a cheque for $4,373 to the Bermuda Zoological Society. The funds were raised during the third quarter of their Kraft Cares campaign. For a limited time, with the purchase of any Kraft Cheese product at s...

NCB Financial Group Ltd, the controlling shareholder of Bermudian-based Clarien Bank, has reported net profit attributable to stockholders of $5.9 billion Jamaican, or $42.37 million Bermudian, for the fourth quarter of 2019. The figure is a 21 per c...

Argus Group has started using the debit and credit card payment system operated by Bermudian-based Powertranz. It is the latest business to go live with the system, which launched in July. It means Argus staff no longer have to physically handle clie...

Axis Capital Holdings booked full-year net income of $282 million in 2019, having ended the year with a fourth-quarter loss of $10 million. The Bermudian-based insurer and reinsurer was hit with estimated pretax catastrophe losses of $140 million in ...

Global drinks giant Bacardi is to recruit thousands of new “workers” at its Bermuda HQ — and they will all be as busy as ... bees. For the firm has set up eight beehives at the side of its landmark offices in Hamilton with beekeepers Wild Island Farm...

An elderly couple has asked neighbours to join a class-action lawsuit against Bermuda’s power company over the “monstrosity” across the road. Arthur and Sharon Riviere’s two-storey home on St John’s Road, Pembroke, their home since 1982, now looks on...