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Mailboxes Unlimited says hundreds of packages are stuck at Customs because of new procedures that are delaying clearance of its express deliveries for up to two weeks. Supreme Court heard yesterday that as of June 29, the new procedures, among other ...

Conyers Dill & Pearman says it has strengthened its corporate and private client platforms with the promotion of three lawyers to the role of partner/director. Bernadette Chen of the Conyers Hong Kong Corporate team has been promoted to partner, whil...

Bermuda-based Endurance Specialty Holdings has announced that David Bigley has been promoted to senior vice president, head of US Property Catastrophe Reinsurance. Mr Bigley, who joined Endurance in 2003, now reports to Stephen Young, executive vice...

Omega Insurance insists the time frame for its takeover by Canopius Group will not be affected by a lawsuit filed in the Bermuda Supreme Court. In April, the board of Bermuda-based Omega Insurance Holdings Ltd agreed to a £164 million ($265 million)...

HSBC Europe has agreed to sell its Irish insurance business to a Bermuda-based company for an undisclosed amount. In an announcement to the London Stock Exchange, the bank said it was selling HSBC Insurance (Ireland) and HSBC Reinsurance to Bermuda-...

There’s been a recent influx of banks, hedge funds and private equity firms injecting capital into the reinsurance market — adding a reported $6 billion and $8 billion of new capacity since 2011 and slowing the return of a hard reinsurance market. An...

Business owner Steve Thomson has taken legal action against Government over the new duty rates and HM Customs requirements. Mr Thomson’s shipping and courier company, Mailboxes Unlimited, has filed a writ against the Collector of Customs concerning a...

Bermuda is becoming a thorn in US presidential candidate Mitt Romney’s side as he continues to be dogged about a ‘mysterious’ offshore shell company account here as well as accounts in the Cayman Islands and Switzerland. Democrats have turned up the ...