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Chubb Bermuda today named Richard Porter senior vice-president, head of financial lines. This division includes directors and officers liability, cyber, transactional risk, errors and omissions, and employment practices liability, and has been handli...

Bermudian-based holding company One Communications Ltd has reported net income for 2018 of $15.1 million, an increase of $100,000 over its 2017 results. In an earnings statement released today by the Bermuda Stock Exchange, the diversified telecommun...

Clarien Bank’s plan to charge account holders $5 for withdrawing Bermuda dollars with the assistance of a teller has left at least one long-time customer unhappy. “They’re always coming up with new rates, but everyone I have talked to about this new ...

The home affairs minister has imposed conditions on the sale of power firm Belco, the House of Assembly heard yesterday. Ascendant Group, the holding company that owns Belco, announced on January 28 that it was considering the sale of the group with ...

Dear Sir, I think I have mentioned this to you once before that I never believed that emancipation was honestly about freedom, and that it was nothing more than a change in the way in which economic policies would be carried out. That’s the main reas...

Constantine “Dinos” Iordanou is to step down as Arch Capital Group’s chairman in September and will be succeeded by vice-chairman John Pasquesi. Mr Iordanou is a well-known veteran of the Bermuda insurance industry, having led the Bermudian insurer a...

Bermudian reinsurer RenaissanceRe Holdings Ltd has completed its acquisition of Tokio Millennium Re. The $1.5 billion cash-and-shares deal was first announced last October and the completion follows the receipt of all necessary regulatory approvals....

John Wight, chief executive officer of BF&M Ltd, is to become the insurer’s chairman as well. Mr Wight will take on the new dual role when Gavin Arton retires as BF&M’s chairman at the company’s next annual general meeting on May 15, 2019. Mr Wight ...

David Lang is looking forward to having a little more space in his home office. After eight years as managing director of the Bank of Bermuda Foundation, he retires in May. “I am looking forward to it, but Mrs Lang isn’t,” he joked. He first came in...

Lancashire Holdings Ltd has re-established its group supervisory and tax domicile in Bermuda after a seven-year sojourn in the United Kingdom. The specialty insurance and reinsurance group, originally domiciled in Bermuda, switched its tax base to th...

Dear Sir, Please allow me to comment on a Belco “improvement” that is problematic. It appears that Belco wants some of its customers to sleep with a Belco bill and a flashlight handy in case the power goes off during the night — like happened at 4.30...

The Bermuda Electric Light Company Ltd has donated two antique electrical testing devices to the National Museum of Bermuda to add to the existing Belco collection and items on permanent display at the Progress of Power exhibit. The first piece of e...