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In a story in Friday’s newspaper, The Royal Gazette failed to seek comment from Marc Telemaque, in his capacity as former Permanent Secretary of Transport, to comments made by the Auditor General, Heather Jacobs Matthews. In those comments, Ms Jacob...

Butterfield Bank shares fell 3.2 percent on the Bermuda Stock Exchange yesterday as the local stock market closed lower. The bank fell four cents to close on $1.21, as 13,500 shares traded. BF&M pared the gains it made last week, falling 99 cents, o...

Validus Holdings Ltd is reportedly in takeover talks with fellow Bermuda reinsurer Ariel Re, according to a report in the UK trade press. The Insurance Insider cites sources who claim that Ariel Re has invited Validus to undertake due diligence on th...

Bermuda-based re/insurer Arch Capital Group Ltd said yesterday that fourth-quarter profit fell 20 percent after the company paid out $22.5 million in losses related to December’s Australian floods. Arch said net income for the October through Decembe...

Abuse of power February 12, 2011 Dear Sir, The union, the Leaders of this union and some of the members, have killed the tourism business again, and once and for all. Your elation in getting your own way, while placing this Island in jeopardy for o...