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The proposed Park Hyatt resort in St George’s would contain a Belco substation and not a power plant. A spokeswoman for the utility issued a statement yesterday to clarify the company’s role in the proposed development, after earlier news reports ref...

The tug of war between Validus Holdings and Allied World over Transatlantic Holdings is a positive sign for the insurance and reinsurance market, according to John Charman. In an interview with The Royal Gazette, Mr Charman said the property and casu...

CellOne has announced the implementation of a new 4G cell site in the west end of Hamilton, which is expected to increase coverage and improve data speeds for many of its customers. “We are continuing to build upon our brand promise of the ‘The Power...

Bermuda-based Axis Capital Holdings Ltd expects net losses of between $90 million and $105 million from second-quarter natural disasters and has increased its estimate for first-quarter catastrophes. The company said yesterday that the aftershock in ...

Validus Reinsurance Ltd’s financial strength rating of A- (excellent) and issuer credit rating (ICR) of “a-” remain unchanged by AM Best Co following its parent company Validus Holdings Ltd’s unsolicited bid for Transatlantic Holdings Inc, the rating...

Bermuda-based First Atlantic Commerce (FAC) has announced its is now processing all online credit card payments for Air Turks & Caicos, The National Flag carrier of the Turks and Caicos. FAC is a PCI-certified, online payment solutions provider deli...

Alterra Bermuda Ltd has been admitted as an eligible reinsurer for reduced collateral status by the state of New York Insurance Department. The company, an operating unit of Bermuda-based Alterra Capital Holdings Ltd, will now be able to post collate...