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Bermuda Commercial Bank Ltd recorded substantial growth in earnings, interest income and customer deposits in its 2011 fiscal year. The bank’s total profit for the 12 months through September 30, 2011, was $12.6 million, BCB announced yesterday. Eve...

Customers are still struggling with Butterfield Bank’s revamped online banking system with a business owner claiming he can’t access his accounts to make transfers and no one at the call centre has been able to help him. Another woman contacted us t...

Lawyers for Internet provider North Rock are calling on Government to declare competitor Transact in breach of its licence which would effectively stop it from carrying on business. Digicel acquired ISP Transact in September and has since launched lo...

Capital G Bank Ltd has announced the opening of its new bank branch in Hamilton. The First Bermuda Group Ltd (FBG) location in the Maxwell Roberts Building in Church Street was converted into a Capital G Bank branch earlier this month, providing all ...

A Government lawyer yesterday blamed the recent Cabinet reshuffle, former minister Walter Roban’s quitting and a permanent secretary being on a month-long vacation for failing to meet a Supreme Court deadline for filing objections to the new Digicel ...

NEW YORK (Reuters) - US property and casualty insurer Alleghany Corp said yesterday it would buy reinsurer Transatlantic Holdings Inc for $3.4 billion in cash and stock -- though a sharp drop in Alleghany shares meant a separate, hostile bid for Tran...

Bermuda-based Catlin Group Ltd is partnering with state-owned China Re to enable the first direct investment by a Chinese company into a Lloyd’s syndicate. China Reinsurance (Group) Corporation will supply the capital for Syndicate 2088, which will h...

Bermuda-based insurer Omega Insurance Holdings Ltd reported a $50 million decrease in gross written premium (GWP) in the first nine months of 2011, but says it is positioned for future growth and improving rates. The company’s 2011 GWP totalled $258....