Log In

Plans for a proposed redevelopment of Belco’s central plant have been made available for the public for review. Last year, Belco filed an application with the Planning Department for a phased redevelopment, including the construction of a new North S...

Cable & Wireless Communications plc announced today that it has sold its Bermuda operations to Canadian cable company, the Bragg Group. The operations comprise Cable and Wireless (Bermuda) Holdings Ltd (CWBH); Cable and Wireless Bermuda Ltd; Cable & ...

Butterfield Bank made a loss of $207.6 million for 2010, the bank announced this afternoon, compared to a loss of $213.4 million in 2009. In a statement, the bank said its loss was driven primarily by non-recurring losses associated with selling off ...

Executives of Bermuda re/insurers Validus Holdings Ltd and Ariel Holdings Ltd were remaining tight-lipped yesterday as sources reported that the two companies were inching ever closer to a merger agreement. The efforts of Validus to take over Ariel h...

Talks on a proposed merger between Bermuda-based Gerova Financial Group and UK investment bank Seymour Pierce are expected to be terminated within days, the UK press reported yesterday. Instead Keith Harris, Seymour Pierce’s chief executive, is expe...

Ace Ltd chairman and chief executive Evan Greenberg was appointed a director of The Coca Cola Co last Thursday, the global beverage giant has announced. The appointment is a feather in the cap of Mr Greenberg, who has led insurer Ace to strong growth...

Bermuda ranks as one of the most expensive places in the world to employ people and any increase in the tax burden announced in tomorrow’s Budget would give the Island’s international companies another reason to relocate jobs elsewhere. That is the v...

Butterfield Bank yesterday announced that it has appointed Michael Neff as executive vice-president, head of group asset management. Mr Neff has nearly 25 years’ experience in financial services, having held senior roles in wealth management client s...