Increasing demand for 'green' products has prompted the Bermuda Air Conditioning Group of Companies (BAC) to create a new entity called Bermuda Alternate Energy Ltd (BAE).
The company will provide ene...
Financial regulator the Bermuda Monetary Authority says it is working with its US counterpart, the Securities and Exchange Commission, on the issue of Bernard Madoff "feeder funds".
Last week, London ...
Telecommunications reform measures outlined in a draft bill due to go before the House of Assembly before its summer recess could spell the end for smaller operators in the industry and cost "hundreds...
Butterfield Bank's share price yesterday surged 33 percent, helping to push The Royal Gazette/BSX Index up by 11.5 percent.
By early yesterday afternoon, Butterfield's common shares were trading at $2...
Bermuda's financial regulator is confident that it will achieve equivalence with the European Union's imminent Solvency II regulations.
Yesterday the Bermuda Monetary Authority (BMA) announced that it...
Bermuda continues to have a bright future as a global insurance centre, despite political threats from the US and elsewhere, according to Flagstone Re co-founder Mark Byrne.
What matters to the Island...
XL Capital boss Mike McGavick urged US lawmakers to remember what the Bermuda insurance market has done to support the US economy before considering law changes that could harm the Island.
Mr. McGavic...
Finance Ministry officials have completed their trip to several major cities to attract potential investors to Bermuda Government bonds.
And according to one source, Government could be seeking to rai...
Bermuda-based fund manager Kingate Management may have "played a crucial role" in the Bernard Madoff debacle, a London judge said yesterday.
The Kingate Global and Kingate euro hedge funds — now in li...
A controversial tax proposal targeting non-US reinsurers has a “reasonably good” chance of being pushed through Congress this year, according to one of the move’s key supporters.
William Berkley, chai...
