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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...

Alterra Capital Holdings Ltd said its New Point IV sidecar has closed with more than $200 million of capital commitments. New Point IV was established to provide greater additional capacity to write property catastrophe collateralised retrocessional...

June 28, 2011 Dear Sir, You may have heard that we don’t seem to get personal service from our banks any more — well let me tell you. My godmother celebrated her 92nd birthday last week. She is a young 92 and still drives. She panics when she receive...

Bermuda Press (Holdings) Ltd (BPH) announced a steep fall in profits as redundancy costs ate into earnings. The group, which has publishing, printing and retailing interests and owns The Royal Gazette, posted a profit of $11,000 for the six months en...

KeyTech Ltd’s profits fell to $5.9 million for the fiscal year 2010/11, as early retirement and redundancy expenses cost the telecommunications group $4.4 million. The profit fell from $6.3 million a year earlier, as the company’s CEO Sheila Lines re...

Bermuda Press (Holdings) Ltd (BPH) announced a steep fall in profits as redundancy costs ate into earnings. The group, which has publishing, printing and retailing interests and owns The Royal Gazette, posted a profit of $11,000 for the six months en...

Several offers have been made on a building up for sale in the City of Hamilton for more than $10 million, according to a realtor. Penny MacIntyre, from Rego Sotheby’s International Realty, told The Royal Gazette yesterday there were “several interes...