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A Bermudian rum has been named Rum of the Year at the 2019 Rum Awards in Miami. Gosling’s Papa Seal eclipsed rums from across the Caribbean to claim the top prize at awards organised by Rum Journal, part of Caribbean Journal, a website that covers th...

Beginning in January 2020, 95% of Bermudian families will see a reduction in their energy bills. “This holiday season, we are committed to focusing on the sure and steady progress we’re making for Bermudian policies,” said Acting Leader Walter Roba...

By reducing its energy consumption by 117,700 kilowatt hours, replacing ageing equipment, banning single-use plastics, and collecting rainwater from it roof, the Chubb Building has become a shiny example for others. The building on Woodbourne Avenue ...

AM Best has affirmed the A- (excellent) financial strength rating of the operating companies of Bermudian-based insurer Argus Group Holdings Ltd. The ratings agency said the ratings reflected Argus’s “very strong” balance sheet strength, as well as i...

There will be a new president at American International Group Inc from January 1. Chief operating officer Peter Zaffino takes on the title from Brian Duperreault, who was appointed as both president and chief executive officer in May 2017. Bermudian-...

An insurance conference in New York will feature a keynote speech by Albert Benchimol, president and chief executive officer of Bermudian-based Axis Capital Holdings Ltd. The Insurer’s New York Insurance Forum will be held in the Union League Club on...

More changes have been announced within Axa XL’s reinsurance leadership team as part of a simplification of the reinsurance organisational structure. Among the new changes, Paul Simons will become head of Bermuda Reinsurance, along with his current r...

A total of $225 million of preferred shares are being redeemed by Bermudian-based Axis Capital Holdings Ltd next month. The company will redeem and liquidate all nine million of its 5.5 per cent Series D preferred shares. The redemption price is $25 ...

Electricity rates are going down in the new year, resulting in the average residential customer seeing an expected 2.3 per cent reduction in their monthly bill. Before any figures were released a Bermuda Government minister had said there would be a ...

Retail tariffs for Bermuda’s electricity sector will decrease across customer groups, effective from January 1. The Regulatory Authority of Bermuda announced the reductions this evening, but did not say how much the reductions will be. The retail ta...

Somers Ltd has reported a net loss for the year of $9.7 million while it awaits government and regulatory approvals for the sale of Bermuda Commercial Bank, which it expects to receive “shortly”. Year-end results for the financial services investment...

Gosling’s will tomorrow offer customers the chance to buy a very special holiday tipple. Bottles of the rare Papa Seal Rum will be available for just one day at the beverage maker and distributor’s Dundonald Street store only. The entire output of th...