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Enstar Group Ltd has made a $31 a share offer to buy fellow Bermudian insurer Watford Holdings Ltd, which values the company at about $616 million. The offer came in a letter to the Watford board, signed by Paul O’Shea, Enstar’s president and dated S...

Leaders of hospitality and global business associations in Bermuda have welcomed the news that British Airways will switch London gateways to Bermuda from Gatwick to Heathrow Airport’s Terminal 5 from March 28. The agreement, announced yesterday by ...

Michael Doak will be leaving Bermudian-based RenaissanceRe Holdings Ltd to launch Griffin Highline Capital, a new private investment firm focused on the insurance industry. Mr Doak is a senior vice-president and portfolio manager for RenRe’s strategi...

PartnerRe has appointed Nicholas Hughes to the newly created role of head of retrocession, and made two hires to further expand its retrocession team. Mr Hughes, who joined the company in 2008, was head of global catastrophe, which included responsib...

Butterfield Bank’s temporary banking centre at Rosebank will cease operations at the close of business on Friday. Starting from Monday, a dedicated teller will be established in the bank’s Reid Street banking centre to assist senior clients and those...

British Airways will switch its Bermuda service from London Gatwick airport to London Heathrow from the end of March. The airline will fly Boeing 777s on the route, and the travel time from Heathrow to Bermuda is expected to be seven hours and 20 min...

Mark Simons has rejoined insurance broker Bowring Marsh in its financial and professional liability placement team in Bermuda, as a senior vice-president. Bowring Marsh is the international placement specialist of Marsh. Mr Simons is responsible for...

More than 200 customers of power firm Belco suffered power cuts as a result of Hurricane Teddy. A spokesman for the company said yesterday afternoon that a total of 217 households had lost electricity. The worst-affected area was Pembroke with 166 ou...

The Argus Group is proud to be celebrating 70 years of service. That’s 70 years of providing financial security, physical well-being and peace of mind to people living within the communities in which Argus operates: Bermuda, Gibraltar, Malta and Cana...

AIG, a global (re)insurer, takes great pride in improving the situations and operations of its insureds and local communities. This ambition to assist; wherever possible, extends far beyond the course of normal business. AIG Bermuda has always been a...

HSBC Bank Bermuda will be closed for business on Monday, because of the threat of Hurricane Teddy, the bank said tonight. In a statement, a spokeswoman for the bank added: “This is subject to change depending on how the situation evolves over the nex...

Hiscox must pay out on some of its clients’ disputed business interruption insurance claims, the High Court of England and Wales ruled yesterday. The Bermudian re/insurer reckons the judgment will result in less than £100 million ($129 million) of ad...