The new owners of Bermuda Commercial Bank Ltd. yesterday announced an agreement to buy First Bermuda Group Ltd.
Permanent Investments Ltd. (PIL), which acquired a 54 percent controlling interest in BC...
Bermuda-based broker and investment firm LOM (Holdings) Ltd. announced yesterday that it made a loss of almost $440,000 in 2009 after a recovery in the second half of the year.
In a letter to sharehol...
The Bermuda-based private-equity services operations of Schroders have been acquired by the global custody and fund services arm of US banking giant JP Morgan.
Around 50 people work at Schroders' Berm...
Shareholders of Max Capital Group Ltd. and Harbor Point Ltd. have "overwhelmingly" approved the merger of the two Bermuda re/insurers.
Pending regulatory approvals, the two companies expect to complet...
The new owners of Bermuda Commercial Bank Ltd. (BCB) have announced an agreement to buy First Bermuda Group Ltd. (FBG).
The deal is conditional on the approval of shareholders of both companies and re...
Bermuda is battling for captive insurance company business at the RIMS annual conference in Boston — and the technical expertise of the Island's insurance regulators is one of their main weapons.
Seve...
Finance Minister Paula Cox got a warm reception from insurance industry delegates in Boston yesterday, as she headed the Bermuda delegation in what has become a traditional walkabout at the RIMS annua...
Butterfield Bank yesterday announced a first-quarter loss of $176.3 million — largely as a result of offloading most of the troubled assets that plunged the bank into turmoil over the past two years.
...
Bermuda re/insurer Axis Capital Holdings Ltd. posted a $112 million profit for the first quarter — despite catastrophe losses estimated at $147 million.
In its earnings statement last night, Axis esti...
QuoVadis has become the first provider to roll out Switzerland's first national electronic ID, after signing up the Swiss Bar Association and its 9,000 members as new clients.
The 11 year-old company,...
