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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...

Belco has once again met an international standard for its environmental management systems, the power company announced. The International Organisation for Standardisation, based in Switzerland, publishes international standards for industries world...

The sale of Bermuda’s electrical grid to any buyer can only move forward with approval by Bermuda’s independent Regulatory Authority. For that reason, the recent offer from Algonquin Power & Utilities Corporation to pay $360 million to shareholders o...

Criminal charges involving $1.8 million have been approved against the former chief financial officer of a Bermudian-based reinsurance company, it was revealed yesterday. Yuval Abraham, who worked at Hiscox and whose whereabouts are unknown, faces ei...

US insurer Liberty Mutual has utilised its Bermudian special purpose insurer Limestone Re Ltd to raise $240 million of new reinsurance capacity. The company said in a press release that the transaction was comprised of $135 million of Bermuda Stock E...

Axis Capital has been busy tapping the capital markets to ramp up its underwriting capacity. The Bermudian-based insurer and reinsurer has expanded a catastrophe bond offering and added more capacity to its sidecar vehicle, alternative risk transfer ...

Craig Bridgewater is to join Butterfield Bank as group head of finance. He will join the bank on October 7 this year and report to Michael Schrum, group chief financial officer, the bank said yesterday. Mr Bridgewater was most recently a managing dir...

Bruce Jackson has joined Clarien Bank as executive vice-president, chief wealth management officer. Mr Jackson will be responsible for Private Banking, Clarien Trust Ltd and Clarien Investments Ltd. He began his 33-year career as an equity analyst w...

Bermuda Press (Holdings) Ltd made a profit of $285,000 in the first six months of its fiscal year — down from $1.42 million a year earlier. The company, which owns The Royal Gazette, as well as commercial printing, real estate and retail interests, s...

The Corporation of Hamilton will have to cover the cost of moving power lines underground in the city, the Court of Appeal has ruled. The municipality launched legal action against Belco after the energy company said it would charge the corporation $...

Allison Towlson has been appointed managing director of the Bank of Bermuda Foundation. She has more than 30 years of experience in the insurance industry and joined Ace insurance in 1998 rising to the position of chief operations officer, and went o...