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"Digicel revenue soars to $2.2b"

Bermuda-domiciled Digicel Group Ltd boosted its revenue by 27 percent for the year ended March 31, 2011 as the company continued its rapid expansion across a number of key markets. The group, which also has operations in Bermuda, increased its subscr...
Jun 14, 2011
Reinsurance

"XL expects tornado losses up to $75m"

XL Group plc expects to suffer losses of up to $75 million from the tornado outbreaks in the US over the past two months. The global business insurer, which is based in Ireland but has substantial operations in Bermuda, said it expected net losses re...
Jun 14, 2011
Other

"Bermuda shipping register is the safest"

Bermuda’s shipping register has the best three-year safety record, according to a European port state control organisation. The Paris MoU rates registries each year, based on the number of inspections and detentions in a rolling three-year period. Ac...
Jun 14, 2011
Other

"Insurance incorporations warmed up in May"

The number of new companies setting up in Bermuda doubled for the year with 10 firms registering with the Bermuda Monetary Authority (BMA) during the month of May. Class 3 insurer IECD (SAC) Ltd was formed by Symphony Management Ltd on May 6, followe...
Jun 14, 2011
Tourism

"Children showcase Bermuda's beauty for TV ad"

Schoolchildren have learned the importance that people “who ride around on rental bikes” have on Bermuda’s economy. Eight to ten-year-olds at Harrington Sound Primary have gone from knowing nothing to everything about tourism in just a couple of mon...
Jun 14, 2011
Other

"AM Best Co rating"

AM Best Co. has affirmed the financial strength rating of A- (excellent) and issuer credit ratings of “a-” of Maiden Insurance Company Ltd (MIC), Maiden Reinsurance Company (MRC) and its wholly-owned subsidiary, Maiden Specialty Insurance Company (MS...
Jun 14, 2011
Other

"Hard times predicted for future seniors"

Future seniors face abject poverty unless Santa Claus bails them out because there’s so little in Bermuda’s pensions pot, according to economist Robert Stewart. Mr Stewart, a fierce critic of Government’s handling of pensions, says new figures reveal...
Jun 14, 2011
Bermuda Works

"One in three in France have had workplace romance"

PARIS (Reuters) - One in three French people claim to have had a workplace romance, most often a short-lived fling, according to a survey published last week. The survey, released as the arrest of former IMF head Dominique Strauss-Kahn on sex assault...
Jun 14, 2011
Bermuda Works

"Social media use viewed as a necessity by most companies"

The last year has seen a rise in US companies using social networks to win new business, reveals a new survey from Regus, the global provider of flexible workplace solutions. According to the survey, 43 percent of firms are successfully using social...
Jun 14, 2011
Reinsurance

"Allied World agrees $3.2b deal to merge with Transatlantic "

Allied World Assurance Company Holdings AG has agreed to merge with US reinsurer Transatlantic Holdings Inc in a $3.2 billion deal that creates a reinsurer with operations in 18 countries - but other suitors may be tempted to make a rival bid for Tra...
Jun 14, 2011
Bermuda Works

"The Job with Michael Fay"

Michael Fay Age: 23 Role: Public relations manager, emedia Bermuda What is your job? I'm in charge of emedia's public relations services. My functions vary from day to day and client to client, but essentially I find ways to promote our client's busi...
Jun 14, 2011
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