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Axis Capital president Albert Benchimol has been appointed to the Lloyd’s of London council. He will be an external member from February 1. Mr Benchimol, is also chief executive officer of Bermudian-based Axis Capital Holdings Ltd, and has led the co...

A local firm that was part of the construction of a new power station at Belco has left the job, a spokesman for the power company said. But the departure of Somers Construction is not expected to impact the building of the North Power Station’s buil...

Families were urged to look out for Santa Claus tonight after his flight plan was shared with airline authorities. Father Christmas and his reindeer were expected to cover thousands of miles across the skies with a little bit of magic that would see ...

The British Airways flight from London to Bermuda was among hundreds cancelled yesterday amid security fears over illegal drone flights at Gatwick airport. But BA flew an aircraft to Bermuda from London Heathrow to transport passengers booked to leav...

A year-long closure of a section of a road so construction of a new power station at utility firm Belco has already affected businesses in the area, it was claimed yesterday. Business owners in the area of Cemetery Road said the work did not need the...

Conor O’Dea has joined the board of directors of BF&M Limited. He joined Butterfield Bank (Cayman) in 1989, serving as managing director from 1997. After also taking on the positions of president and chief operating officer with BNTB Group, he retire...

Digicel has been troubled this afternoon by “intermittent interruptions of the mobile network”, the company announced. According to a spokeswoman, “the cause of the problem has been isolated and we are working diligently with our equipment provider t...

Belco’s customer centre at the head office on 27 Serpentine Road, Pembroke will close at noon on Monday, the company advised. Normal business hours will resume on Thursday, December 27, after the Christmas holiday. Belco customers will be able to mak...

A potentially $1 billion reinsurance company has been unveiled by RenaissanceRe Holdings Ltd and major pension fund manager PGGM, of the Netherlands. The new company is called Vermeer Reinsurance Ltd has approval in principle to be licensed and regul...

Axis Capital Holdings’ credit ratings outlook has been upgraded by Standard and Poor’s Global Ratings to stable from negative. The ratings agency also affirmed the Bermudian insurer and reinsurer’s A+ financial strength rating and A- long-term issuer...

Hiscox has named Bob Thaker as its new UK chief executive officer, effective March 2019, subject to regulatory approval. The Bermudian-based insurer and reinsurer said Mr Thaker had worked at Hiscox since 2010 and held a number of senior roles during...

Two roads will be closed for more than a year while the North Power Plant is constructed at Belco. Tribe Road #2, between St John’s Road and Cemetery Road; and Cemetery Road, between Cemetery Lane and the bridge to Gorham’s Limited, will shut until J...