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Digicel and global technology giant Cisco are working together on a “digitisation vision” for Bermuda, as well as 25 other countries in the Caribbean and Central America. The two companies have signed an agreement aimed at “accelerating the digital a...

Clarien Bank will be raising lending and savings rates next year after the US Federal Reserve raised its key interest rate by a quarter of a percentage point. The bank said today it had anticipated the US central bank’s action and it planned to incre...

Randall Krebs, development director of Harbour International Trust Company Ltd, has been awarded a 2017 Step Founder’s Award by the Society of Trust and Estate Practitioners. The Founder’s Awards are given to members who have made “an exceptional and...

Two weeks after announcing it was set to take a majority stake in the parent company of Clarien Bank, Jamaica’s NCB Financial Group Limited has launched a $174 million cash bid to take control of a Trinidad and Tobago-based financial services company...

Argus Group Holdings Ltd made a loss of $2.3 million for its most recent six-month accounting period as health insurance claims rose. Alison Hill, Argus’s chief executive officer, said the insurer was concerned about the “unsustainable” cost of the B...

Belco customers are advised they could be called as part of a survey throughout December. The research will be conducted by Total Research Associates and its partner, Corporate Research Associates. It will include telephone and online surveys and w...

With the use of everyday analogies, the concept and possible applications of blockchain were brought into focus at the second annual XL Catlin Cyber Seminar. A short history of the evolution of blockchain and its possible future was presented by Noel...

A former executive of BMO Bank of Montreal has joined the board of BF&M Limited. Gordon Henderson recently retired as president and chief executive officer of BMO Life Insurance Company, where he had oversight of the bank’s creditor insurance, life i...

XL Catlin has been ranked “Highest in Customer Satisfaction among Insurers with Large Commercial Insurance” in the JD Power 2017 Large Commercial Insurance Study. It is the second consecutive year the company has taken the top spot. Greg Hendrick, pr...

A total of eight secondary schools got a $30,000 boost from a reinsurance firm’s charity programme. PartnerRe handed over the cash at the end of this year’s Dollars for Hours scheme, which paired pupils with charities on community projects and paid t...

BF&M Limited has reported a $14 million drop in net income as a result of insurance claims related to hurricanes Irma and Maria. The company’s nine-month earnings to the end of September were $5.2 million, resulting in an annualised return on shareho...

A former president of CNBC has joined the board of Butterfield Bank. Pamela Thomas-Graham has been appointed a non-executive director. She is a Harvard-educated entrepreneur and executive with nearly three decades of experience in the financial servi...