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Digicel launches $50K Christmas prize giveaway

Telecoms firm Digicel has ‘Soul’ — and it’s preparing to give it away from Christmas. The company has put up a brand-new Kia Soul hatchback as part of its “Brighten Someone’s Christmas” campaign, which is offering prizes totalling $50,000. Digicel CE...
Nov 13, 2013
Other

Catlin’s cash, investments total $9b in Q3

Bermuda-based insurance and reinsurance giant Catlin has increased its cash and investments to more than $9 billion, according to its latest figures. The interim results for the firm to the third quarter of the year show a total of $9.08 billion in c...
Nov 12, 2013
Other

Move to open up market and lower energy bills

Lower energy costs for consumers could be in the pipeline after Government pledged yesterday to open up the energy market to more competition. And the move could also make the Island more attractive to outside investors by lowering the cost of doing ...
Nov 09, 2013
Other

AIG staff give back to the community

AIG Bermuda have pledged to support local charities by “granting the gift of employee man-hours” twice a year. The multinational insurance giant sent 29 employees to volunteer with the Eliza DoLittle Society yesterday where they prepared and cooked f...
Nov 07, 2013
Other

BF&M launch roadside assistance first for Bermuda

Insurance giants BF & M has launched a first for Bermuda — a 24/7 roadside assistance service. Run in partnership with established Island towing firm Lowe’s, the service is designed to bring peace of mind for drivers and bikers who suffer breakdowns...
Nov 06, 2013
International Business

RenaissanceRe reports small decrease in net income

RenaissanceRe Holdings Ltd. (RNR)’s net income of $179.7 million, or $4.01 per diluted common share for the third quarter, compared to $180.7 million or $3.62 per diluted common share in the third quarter of 2012. However, RNR, reporting their third ...
Nov 06, 2013
Other

Belco disconnects Sandys 360 due to unpaid bills

Belco has disconnected power to Sandys 360 following a protracted dispute over a significant outstanding balance. It is not known how much the facility owes the energy company. Belco said last night it would not disclose customer account details. A s...
Nov 06, 2013
International Business

Charman spotlights Endurance’s “good quarter”

Endurance Specialty Holdings Ltd. reported an increase in net income available to common shareholders of $75.2 million and $1.70 per diluted common share for the third quarter of 2013 versus net income of $31.9 million and $0.74 per diluted common sh...
Nov 05, 2013
Other

Peter Horton takes the reins at BCB

By Rebecca Zuill Bermuda Commercial Bank Ltd (BCB) has a new chief executive officer with British banker Peter Horton taking up the post this week. It was announced in August that Mr Horton would take the reins of BCB. Chairman Michael Collier stated...
Nov 05, 2013
Other

Capital G campaign to raise funds for Meals of Wheels

A Bermuda bank has launched a charity drive as part of a plan to underline the spirit of Christmas. The Capital G ‘Holiday Giving Back’ — the seventh of its type — aims to raise funds for the charity Meals on Wheels. Capital G president and CEO Ian T...
Nov 05, 2013
Other

Willis and Catlin in $300 million cat bond deal

Willis Capital Markets & Advisory (WCMA), has announced it has structured and placed a $300 million catastrophe bond transaction sponsored by Catlin Insurance Company Ltd and subsidiaries. Catlin Group Limited is a global reinsurer that underwrites a...
Nov 05, 2013
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