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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....

Insurer BF&M Ltd yesterday announced earnings of $16.69 million for the first nine months of this year, down just over one percent compared to the same period last year. Insurance sales increased, with gross premiums written climbing seven percent ov...

North Rock Communications has consulted Government asking for clarification on whether Digicel is allowed to provide internet services and is also seeking legal advice over the matter. This is in response to the launch of the new Digicel Internet ser...

Digicel has announced the launch of new Internet service plans for as low as $25 per month for a speed of 1 Megabit (MB) per second, available at its Church Street and Court Street branches. The service will be marketed as ‘Digicel Internet’ and wil ...

Whistle-blower LeYoni Junos is vowing to fight the bank she says is trying to kick her out of her home. Ms Junos, who went through a high-profile legal battle after being sacked from the Department of Tourism in 2008, says HSBC Bermuda sent officials...

A proposed increase to the cost of electricity, intended to finance improvements in the Belco system, has drawn mixed reviews from the public. On Monday, it was announced that Belco has applied to increase the base tariff rates across the board in 20...

There are growing complaints about Butterfield Bank’s revamped online banking system and customers struggled a second day to get through to the call centre. One customer got a shock when they tried to reach Butterfield Bank on the main number 295-111...

The cause of the massive HWP blaze is yet to be determined more than three months after flames ripped through the company’s building. The probe into the August 3 fire on St John’s Road, Pembroke, is currently on hold as the two fire investigators hav...

Belco has proposed to increase base tariff rates over the next three years to finance a planned expansion of its facilities after electricity sales have stagnated. According to the proposal being made to the Energy Commission, base costs for resident...

Butterfield Bank has launched its new-look online banking platform. Yesterday, the bank said it had a received a higher than normal volume of calls as customers became acquainted with the new system. Coincidentally, the bank’s phones went down yester...

Bermuda-based re/insurer Catlin saw rate increases of 10.5 percent for catastrophe-related business during the third quarter. In its interim management statement, Catlin said its catastrophe losses for the year to date were $670 million, net of prote...