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A US healthcare products company has recalled several lots of syringes sold in Bermuda and the US. Covidien initiated the voluntary recall of 14 lots of their Monoject prefill flush syringes on August 19. Some of the syringes were filled with water ...

Deloitte has announced the merger of its Bermuda, British Virgin Islands and US Virgin Islands offices effective today. The firm said in a statement that “professional staff will continue to have employment opportunities, with few redundancies expect...

by Rebecca Zuill The Economist Intelligence Unit (EIU) reported today that the growth in Bermuda’s new international companies are primarily investment holding companies “which contribute little to the local economy in terms of employment or governme...

The board of directors of ACE Limited yesterday declared a quarterly dividend equal to $0.51 payable on October 21 to shareholders of record at the close of business on September 30, subject to a required filing with the Swiss Commercial Register. Di...

Oil Insurance Limited (OIL) has declared a $100 million premium credit for their current shareholders. The payment will be made to shareholders of record on December 31, 2012. An OIL spokesman said that this credit will approximate a 16 percent reduc...

Rating agency A.M. Best Co.announced this evening that they have placed under review with negative implications the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of the pooled and reinsured members of the T...

The Bermuda Stock Exchange closed at 1,152.97 this afternoon, up 9.53. The 0.83 percent change reflected the two trades, Ascendant Group Limited, which rose 0.01 closing at 11.01, and Bank of N.T. Butterfield advanced 0.02 closing at 1.40. Butterfie...

Tower Group International’s Board of Directors have authorised a dividend of US$0.l65 per share for the quarter, the company said on Friday. The dividend, which is unchanged from the first quarter of 2013, will be paid on September 20, to shareholde...

Enstar Group Limited filed its quarterly report on Form 10-Q with the SEC earlier today, reporting its earnings and financial position for the three and six months ended June 30, 2013. In a release announcing the results, Enstar reported consolidated...

In a development Tower Group International, Ltd.’s president and chief executive officer Michael Lee said made them “disappointed”. the company announced this week that it is postponing the release of its financial results for the second quarter of 2...