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Electricity stored in new industrial-scale batteries at Belco will provide a back-up system that can deliver ten megawatts of power at a moment’s notice. It is believed that could be enough energy to power about 6,500 households, based on US data. T...

Axis Capital Holdings Limited made a net loss for the fourth quarter of $198 million, or negative $2.37 per diluted common share, compared to loss of $38 million, for the same period in 2017. The combined ratio increased to 117.3 per cent, a rise of ...

Axa XL has entered into an agreement with Silicon Valley-based company Guidewire Software Inc to have global access to Guidewire Cyence Risk Analytics, a risk-modelling solution designed to help quantify the financial impact of cyber-risk exposures. ...

RenaissanceRe Holdings Ltd. recorded a net loss of $83.9 million, or $2.10 per diluted common share, in the fourth quarter of 2018. That compared to a net loss a of $3.5 million, or nine cents, in the same quarter in 2017. Operating income available...

Michael White, BF&M Ltd’s chief financial officer, has resigned, the company announced tonight. The insurer and pension manager made the announcement in a regulatory filing with the Bermuda Stock Exchange. Mr White’s resignation will be effective fro...

The Women’s Resource Centre and BELCO recently partnered to host a workshop entitled ‘Use Less, Save More’: How to Reduce your Electricity Bill. The one hour Free Lunch & Learn was sponsored by BELCO. The objective was for women to gain tools to lead...

Ascendant Group Ltd is considering putting itself up for sale — and one potential buyer has already revealed an interest. Twenty First Century Utilities, the US company that had a bid for Ascendant turned down last April, would consider trying again ...

Consumer electronics store P-Tech relocates across Reid Street today to make room for an expansion of the Phoenix Centre. P-Tech will move into a site on the corner of Reid Street and Queen Street. The space it vacates will be used by its sister busi...

Jean-Yves Charlier has been named as the new group chief executive officer of Digicel Group. Mr Charlier joined the Digicel board in September last year and takes over as CEO with immediate effect, the telecommunications group said today. Mr Charlier...

Clarien Group majority owner NCB Financial Group Limited has reported a first quarter net profit of $58 million (7.4bn JMD) for the company and its subsidiaries for the three months that ended on December 31. That is a 1 per cent decline on the prior...

Ascendant Group Ltd is considering putting itself up for sale. The owner of power utility Belco said in a statement yesterday morning that its board of directors has “begun a process of evaluating strategic alternatives, including the potential sale ...

About a third of the staff at Tokio Millennium Re’s Bermuda operation will be let go after the company’s takeover by RenaissanceRe Holdings. About two-thirds of the 69 employees have been offered new deals or transition opportunities, RenRe said yest...