Log In

Declining electricity sales and the impact of Hurricane Humberto caused Ascendant Group Ltd’s earnings to fall in the third quarter. The parent company of power utility Belco also took a $2.8 million restructuring charge related to the sale of the co...

LONDON (Reuters) — Shares in Hiscox fell as much as 18 per cent yesterday after brokers cut their price targets on the stock following meetings with the Bermudian-based insurer, in which it gave more details on its financial expectations than in a th...

PartnerRe Ltd made a profit of $216 million in the third quarter, compared to a loss of $106 million for the same period last year. The Bermudian-based reinsurer reported net realised and unrealised investments gains of $41 million on fixed maturitie...

When Algonquin Power & Utilities Corporation was founded in 1988 to develop and own generating stations in mostly remote regions of Canada, it was imperative to build and maintain strong relationships with the communities in which we operate — primar...

The Ministry of Public Works is advising motorists and pedestrians that the two road closures held simultaneously from Monday, 10 December 2018 through to January 2020, to accommodate construction of the North Power Plant at BELCO has been extended t...

American International Group’s shares gained on Friday and yesterday after the insurer reported net income of $648 million for the third quarter. The result was a positive swing from a net loss of $1.3 billion in the corresponding period last year. H...

Hiscox said its business saw growth across all segments over the first nine months of the year as gross premiums written climbed 7.3 per cent. The insurer and reinsurer also had a busy third quarter for catastrophe claims and has set aside $165 milli...

Bermudian Leslie Rans has been appointed chief executive officer of Digicel Bermuda and BTC. Ms Rans succeeds Paul Stafford in the top job following her two-year tenure as CEO of Bermuda Aviation Services. The company said Mr Stafford is moving to an...

Insurance prices are increasing at an accelerating rate, according to Evan Greenberg. The chief executive officer of Chubb Corp expressed his thoughts on a firming market after the group beat Wall Street estimates with third-quarter net income of $1....

Axis Capital Holdings Limited suffered a “disappointing quarter” as its income was impacted by typhoons in Japan, Hurricane Dorian and some losses in its credit and aviation lines of business. The Bermudian-based insurer and reinsurer made a profit o...

Bermudian-based Enstar Group Ltd has acquired a subsidiary of US industrial company BorgWarner. For Enstar, which specialises in acquiring insurance companies in run-off, it is the second acquisition of a non-insurance company with historic liabiliti...

Butterfield Bank has changed its brand identity by updating the mythical sea dragon design that appears on its documents, marketing material, signs and other items. There has also been a change in the colours of the design and a modernising of the Bu...