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Digicel bermuda has partnered with the Hands of Love Ministry to help the charity spread its message and collect food for hungry families. As part of the promotion, until March 11, all Digicel customers will be able to make a monetary donation to Han...

LONDON (Reuters) HSBC cut its profitability targets due to the cost of tougher banking regulations and plans to cut costs and overhaul other areas after its annual profits fell short of expectations. Europe’s biggest bank said 2010 pre-tax profit mor...

NEW YORK (Bloomberg) American International Group Inc. cut its workforce by more than a third last year as the bailed-out insurer sold profitable units, including one to rival MetLife Inc., which now has more employees. AIG had about 63,000 workers a...

Bermuda reinsurer Validus Holdings Ltd has estimated its losses from last week’s deadly New Zealand earthquake at between $25 million and $50 million. It based this on an industry loss estimate for the earthquake, which left more than 100 people dead...

Butterfield Bank saw 268,600 shares change hands last week, most of them traded after the bank announced a $207.6 million loss for 2010 on Tuesday. Investors apparently welcomed the bank’s claims to have put its troubles behind it and Butterfield’s s...

Bermuda-based re/insurer Hiscox Ltd posted strong net earnings for 2010, despite being hit with catastrophe claims of £165.5 million ($268.7 million). The London-listed company this morning announced a pre-tax profit of £211.4 million ($343.3 million...