Log In

Dennis Pimentel, a former apprentice at power firm Belco has been appointed as its new president with operational accountability. Sean Durfy, who has been under fire over his management style, which led to a strike, will remain as president and chief...

Butterfield Bank made a profit of $50.4 million in the third quarter, but missed analysts’ expectations. The profit equated to 90 cents per diluted share, five cents lower than the predicted estimate of a consensus of market analysts. It was $10.3 mi...

Belco workers ended their industrial action after David Burt called a meeting with union officials and the Ascendant Group. The Premier announced Bermuda’s electricity supply would continue uninterrupted after both sides agreed “a way forward” on Sat...

The public and electricity sector stakeholders have extra time to submit comments on Bermuda’s long-term electricity plan, known as the IRP, or Integrated Resource Plan. The public consultation period opened on October 2, inviting comments on the eig...

Workers at power firm Belco were last night ordered back to work after a strike was called over a stand-off with the company’s management. Electricity Supply Trade Union members were given a legal warning to end their industrial action after a court ...

Dear Sir, Earlier this month there was an article in The Times in London headed “Take off for the world’s longest flight”, describing Singapore Airlines’ new route, nonstop from Singapore to New York, using the brand-new Airbus A350-900. After readin...

Chubb has appointed Judy Gonsalves vice-president of Chubb Group and division president of Bermuda. Effective immediately, and subject to regulatory review, Ms Gonsalves will succeed Joseph Clabby, who will be named chairman of Chubb Bermuda. In thi...

RenaissanceRe Holdings Ltd has estimated catastrophe losses of $155 million for the third quarter. The Bermudian reinsurer said Typhoon Jebi, which battered southern and central areas of Japan last month, would have a negative impact of about $70 mil...

Bermuda Electric Light Company Limited (“BELCO” or “the Company”) has advised that submissions related to the Grid Code Consultation are now accessible via the BELCO website at www.belco.bm under the ‘Latest News’ tab. BELCO has published the officia...

Mark Watkinson, the chief executive officer of HSBC Bank Bermuda, is retiring after 33 years with the HSBC Group. He will be succeeded by Steve Banner, who has been CEO of HSBC Greece for the past four years. Mr Banner will assume the role on Novembe...

Unionised Belco workers headed to the Bermuda Industrial Union headquarters yesterday for a meeting — a week after they backed a work-to-rule at the power firm. Electricity Supply Trade Union members were called to the meeting a day after the union i...

The island’s power supplier is now halfway through a 14-day union ultimatum to reinstate four management staff, but neither side in the dispute would say if talks have taken place. Unionised Belco workers adopted a work-to-rule last Friday in the wak...