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Reinsurance

"IronHealth strikes deal with Reputation Partners"

IronHealth, the specialty healthcare unit of Bermuda-based insurer Ironshore, has announced an agreement with corporate communications consultancy Reputation Partners to help clients manage reputational risk associated with financial and operational ...
Mar 29, 2012
Local Business

"Margins under pressure in food industry"

Following the hospitality industry’s bleak start to 2012 with three restaurant closings, wholesaler Butterfield & Vallis is concentrating on helping their existing clients remain competitive. Hosting a food trade show at the Fairmont Hamilton Prince...
Mar 29, 2012
Other

"Four jobs cut at CellOne"

CellOne yesterday announced four redundancies as part of a reorganisation that will see its customer service call centre work moved to the US. In a statement last night, CellOne chief operating officer Frank Amaral said most of the wireless carrier’s...
Mar 27, 2012
Reinsurance

"Ironshore expands oil and gas coverage"

Bermuda insurer Ironshore has expanded its pollution insurance offerings to cover emerging risks in the oil and gas sector. Ironshore said yesterday its Environmental Insurance unit would expand the asset-class specific Site Pollution Incident Legal ...
Mar 27, 2012
Reinsurance

"Assured Guaranty shares stabilise after Moody’s places on review "

Shares of Bermuda-based bond insurer Assured Guaranty Ltd stabilised on Friday after the announcement that its ratings would be reviewed by Moody’s sent its shares plunging more than 13 percent in midweek. Moody’s may cut the Aa3 rankings of Assured’...
Mar 26, 2012
Local Business

"HWP workers axed in cycle sell-off"

Six HWP employees have lost their jobs after the company brought an end to more than 50-years of providing the Island’s residents with the means to get around. The company will sell its last bike on Wednesday after selling its cycle division to World...
Mar 24, 2012
Other

"Belco denies rates ad error"

Belco has denied making an error in advertising proposed rate changes, but admitted making a mistake in a tariff filing for the rate change and in a subsequent press release. And a company spokeswoman said the error actually made the proposed price c...
Mar 24, 2012
Reinsurance

"Alterra set to launch another sidecar"

Bermudian re/insurer, Alterra is getting ready to launch another sidecar ahead of the midyear US renewal season. According to a filing with the US Securities and Exchange Commission, Alterra has signed an agreement with BMO Capital Markets to place ...
Mar 23, 2012
Young Observer

"Berkeley wins Capital G Youth Give Programme"

In the Capital G Youth Give Programme, a group of business students from the Berkeley Institute topped the other schools to win the $10,000 top prize for their charity of choice, The Chewstick Foundation, and $2500 for their school. The Youth Give Pr...
Mar 22, 2012
Other

"Planning approves plans for HWP’s replacement building"

A new HWP showroom and body shop, intended to replace the building destroyed in last year’s blaze, has been granted planning approval. According to the application, financing for the project is already in place. Plans for a new HWP building at St Joh...
Mar 21, 2012
Local Business

"Capital G Bank makes $3.2m profit as impaired loans rise"

Capital G Bank Ltd made a profit of $3.2 million for the year ended December 31, 2011, down seven percent from last year. The bank said its loan book and net interest income increased as a result of its merger with First Bermuda Group (FBG). Net oper...
Mar 16, 2012
Other

"Capital G Bank posts $3.2m profit"

Capital G Bank Ltd made a profit of $3.2 million for the year ended December 31, 2011, down seven percent from last year. The bank said its loan book and net interest income increased as a result of its merger with First Bermuda Group. Net operating ...
Mar 15, 2012
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