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XL Group plc has announced that the board of directors of its wholly-owned subsidiary XLIT Ltd (formerly XL Group Ltd) agreed on Friday to pay a dividend of $9.1084 per share on its Series D preference ordinary shares. The dividend will be paid on Ja...

Bermuda-based Omega Insurance Holdings Ltd says its board wants no further deal discussions with suitor Haverford Bermuda Ltd after it rejected a new offer from Mark Byrne's company for a 25 percent stake in Omega. Omega said it also disputed Haverfo...

BF&M Ltd has upgraded its data management system with the addition of a new application from global open source software provider Talend. The local insurer added Talend ESB Enterprise Edition to its portfolio of Talend integration solutions, using Ta...

A Government lawyer revealed in Supreme Court yesterday that the Ministry of Business Development and Tourism is “actively considering” whether to revoke or suspend Internet provider Transact’s licence. Consultant Crown counsel Maurice Cottle said th...

Customers were unable to make transactions on Butterfield Bank’s new online system after it went down yesterday morning due to technical issues. But access was restored at approximately 1pm. A spokesman for the bank said: “We regret the inconvenience...

Bermuda-based Bacardi Ltd’s Bombay Sapphire gin has been named the world’s number one premium gin by value for a third consecutive year by IWSR (International Wine and Spirit Research). Bombay Sapphire has seen year-on-year growth of its share by val...

International specialist insurer Hiscox has been awarded Corporate Chartered Insurer status by the Chartered Insurance Institute (CII) for its Hiscox London Market business. The award reflects the firm’s status as a first class underwriter with a com...