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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...

Cut-off customers of telecoms firm Digicel should be back online today, the company said. The telecoms firm blamed the weeklong service outage on “catastrophic damage” caused by an excavation company contracted to power company Belco. Donn Foggo, th...

RenaissanceRe Holdings Ltd saw its profit rise to $36.7 million, or 83 cents per diluted common share, in the third-quarter. That was up from $32.7 million, or 82 cents per share, a year ago. The Bermudian-based company’s earnings were negatively imp...

Dear Sir, Over the years, the telephone service from BTC has been exemplary — even during those storms when we have lost electric power. Sadly, those days seem to be only a distant memory ... as you will see from the following tale of woe. Before Hur...

Telecoms firm Digicel was yesterday tight-lipped on whether a staff dispute over wages was to blame for repair delays. Donn Foggo, the marketing and product manager for Digicel Bermuda, said the firm was “unable to provide comments on matters relate...

A new battery storage system that can instantly provide 10 megawatts of electricity to the grid in the event of a generation plant failure, has won an award for Belco. The Nolan Smith Battery Energy Storage System is a standby facility for Belco. If ...

Bermuda Electric Light Company Limited (”BELCO” or the “Company”) has won the Best Energy Storage Project award at the Caribbean Renewable Energy Forum (“CREF”) for its recently commissioned Nolan Smith Battery Energy Storage System (“BESS”). CREF i...

Butterfield Bank made a profit of $42.4 million, or 79 cents per share, in the third-quarter. That missed a 91 cents per share expectation by analysts on Yahoo! Finance. It was also $8 million less than the same period last year. The bank said the...

A shift away from underwriting and investing involving dirty energy has been announced by Axis Capital Holdings Limited. It follows a report that the company had dropped out of bidding to provide insurance coverage for the Carmichael coalmine, a majo...

Axis Capital has dropped out of bidding to provide insurance coverage connected to a major coalmine project in Australia, according to a source. The Bermudian-based company is said to have withdrawn its quote for insurance of a railway at the Carmich...

Staff from the Bermuda Electric Light Company (BELCO) recently held a roof wetting ceremony to celebrate the completion of the main structure and roof of the North Power Station (NPS). The NPS is part of the Company’s $250 million capital plan to e...