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Former Bermuda Monetary Authority boss Matthew Elderfield has admitted that his current job of regulating Ireland’s banking sector has turned out to be even tougher than he expected. Mr Elderfield took a 50 percent pay cut when he left the post of ch...

Satellite telecommunications firm Kiskadee Communications (Bermuda) Ltd is suing two officers of fellow Bermuda-based company ProtoStar Ltd for $18.25 million in compensatory damages. Kiskadee's principal shareholders are listed as Bermudian business...

The Royal Gazette / Bermuda Stock Exchange (BSX) Index suffered a 45 percent drop in 2010 - the third successive year it has suffered a hefty falll, leaving it at 1997 levels. But at the same time, the BSX ended last year with a record number of list...

It will be a case of business as usual at Argus Group Holdings Ltd, according to the company's newly-appointed CEO Alison Hill. Ms Hill, who joined Argus in March 2009 and was appointed the insurer's first chief operating officer (COO) four months la...

Capital G Bank Ltd’s president and CEO Ian Truran believes that Capital G Holding Company Ltd’s merger with First Bermuda Group Ltd. (FBG) will increase competition in the sector and boost the bank’s market share. Mr Truran, who was speaking in an in...

Bermuda-based re/insurer Everest Re Group Ltd said it bought Heartland Crop Insurance Inc to help it expand into a different area of the insurance industry. Everest Re, which is mainly a reinsurer, paid $55 million for Heartland, plus an agreed upon...

The contraction of the international business sector is a warning sign that Bermuda must be smarter, better and more competitive to attract new business to the Island. That is according to George Hutchings, chairman of the Association of Bermuda Inte...