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Dan Soares’ career actually began in the Island’s hotel industry after he earned a degree from the Bermuda College Stonington campus. It wasn’t until the early 1990s that the veteran Bermudian re/insurance executive changed course completely; he was ...

A transformer explosion inside Belco’s Park Road substation caused a power outage that shut down operations at a number of businesses in Hamilton. The incident occurred at 3.18pm yesterday while maintenance crews were working outside on the substatio...

Digicel and BF&M have teamed up to offer new phone insurance, in case of accidental loss, theft or damage. The insurance plan will cost Digicel customers $9.99 per month to insure phones they bought from the mobile provider. It is available both for ...

Capital G Bank Ltd said yesterday it had implemented a new integrated core banking system. The bank said the new system, implemented last week, was expected to provide a more modern, flexible and cost effective banking solution. Gapital G Bank and C...

Bermuda-based reinsurer Validus Holdings Ltd last night posted record net operating earnings of $171.2 million that beat the expectations of Wall Street analysts by more than 25 percent. The company benefited from the absence of notable loss events, ...

Bermuda-based Lancashire Holdings has shut down its property, facultative and onshore energy businesses due to “volatile” loss ratios. The insurer, which moved its head office and tax base to Britain this year but continues to employ a team in Bermud...

NEW YORK (Bloomberg) — Ace Ltd, the Swiss company with operations in more than 50 nations including Bermuda, advanced the most since November after touting long-term prospects of crop insurance amid the worst US Midwest drought in more than two decad...