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Bermudian reinsurer RenaissanceRe Holdings Ltd reported net income of $367.9 million and trounced the estimates of Wall Street analysts. Profits soared more than 90 per cent from the $191.8 million the company made in the corresponding quarter last y...

British Airways is to appeal against a High Court decision not to grant an injunction against strikes by pilots. The airline said yesterday that it was “very disappointed” with the outcome and planned to keep working to avert industrial action, which...

Shareholders of Ascendant Group Ltd are to meet on August 9 to vote whether to approve the sale of the company to Canadian utility group, Algonquin Power & Utilities Corporation. Ascendant, which owns Belco among other interests, has accepted a takeo...

Butterfield Bank’s second-quarter net income declined by more than $11 million year over year due to a number of restructuring initiatives. Net income for the quarter was $38.6 million, compared to $49.7 million in the second quarter of 2018, and $52...

Flights to and from England could be affected after it emerged yesterday that British Airways pilots voted to strike in a long-running dispute over pay. The British Airlines Pilots Association said industrial action was supported by more than nine to...

Butterfield Bank has been assigned senior unsecured debt and deposit ratings of A+, a subordinated debt rating of A by Kroll Bond Rating Agency. Butterfield also received a short-term debt and deposit rating of K1. The outlook for all long-term rati...

Halle Teart has been named the 2019 Validus Scholar. She is entering her sophomore year at Johns Hopkins University, studying sociology and Africana studies. The scholarship programme provides financial support to Bermudian students aimed at cultivat...

Butterfield Bank has announced completion of the acquisition of ABN AMRO (Channel Islands) Ltd, the Channel Islands-based banking subsidiary of ABN AMRO Bank NV, following receipt of all regulatory approvals. Effective today, ABN AMRO CI has been ren...

Climate-related risks rank number one in Axa’s emerging risk survey, and the company has responded with a new natural hazards risk-modelling service for large international companies. The service, from Axa XL Risk Consulting, is designed to help thos...

Bermudian-based re/insurance provider RenaissanceRe Holdings Ltd has announced the promotion of Matthew Neuber to the position of corporate treasurer, subject to approval by the Bermuda Department of Immigration. If approved, Mr Neuber will report to...

For the 13th consecutive year HSBC Bermuda will be the lead sponsor for one of Bermuda’s most iconic festivities — Cup Match. Neil Paynter, St George’s Cricket Club president, made the announcement today, saying there was a long and successful histor...

Belco has maintained an environmental management systems certification. The ISO 14001:2015 standard, set by the Swiss-based International Organisation for Standardisation, helps Belco to improve resource efficiency, reduce waste, and consistently ma...