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XL Group is moving its main European Union insurance operation from London to Dublin in response to Britain’s impending departure from the European Union. The Bermudian-based insurer and reinsurer made the announcement today after a meeting between M...

One Communications Ltd today announced net income of $8 million for the first half of this year. Operating income for the six-month period ended June 30 was $7.9 million, the telecommunications group said in an announcement through the Bermuda Stock...

A six-strong team of Belco linemen will travel to the storm-damaged British Virgin Islands to help restoration efforts. The crew will spend four weeks working alongside the BVI Electric Company in rebuilding and restoring electricity to the people of...

XL Catlin and international law firm Norton Rose Fulbright will host a seminar to discuss significant aspects of the Bermuda Form and Excess Layer insurance coverage. Gavin Kealey QC, and Mina Matin, senior counsel at Norton Rose Fulbright, will lea...

Digicel Bermuda’s chief executive officer Robin Seale will be leaving his position to return to Ireland. The telecommunications firm added that an announcement on his replacement would be made shortly. Mr Seale, who was promoted from chief financial ...

Constantine “Dinos” Iordanou, a veteran of the Bermuda insurance market, has been named as Insurance Leader of the Year 2017 by St John’s University’s School of Risk Management. The chairman and chief executive officer of Arch Capital will be honoure...

Butterfield Bank announced today its first group of graduate trainees — Recquel Furbert, Erik Simmons, and Lateefah Caines. The new Butterfield Graduate Trainee Programme offers Bermudian university/college graduates the opportunity to acquire the sk...

BF&M Ltd reported net income of $13.9 million for the first half of 2017 — up from $13.2 million in the first half of 2016. The profit represented a 10 per cent return on shareholders’ equity. John Wight, BF&M’s chief executive officer, said: “Operat...

Bank of Bermuda Foundation has launched a new website that will soon enable online funding applications, while also unveiling what it describes as “bold new goals for grant-making”. The changes, which has been two years in the making, are described a...

Three students have been awarded a share of a $100,000 two-year scholarship award funded by HSBC Bermuda. It is the second and final award made by the HSBC-Knowledge Quest Scholarships. The awardees are Taja’mes Branch, who is studying kinesiology at...

Novae has decided to close its US direct and facultative re/insurance operations in Bermuda. The news came as Bermudian insurance and reinsurance group Axis Capital increased its offer to buy Novae. Novae, a London-based carrier, confirmed the unit’...

Traffic controls are set to be in place on Rural Hill this weekend as Belco conducts work in the area in the wake of a recent outage. According to a company spokeswoman, work is set to begin at 6.30pm tomorrow in the eastbound lane between Stowe Hill...