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Pembroke residents have called for action over pollution from Belco’s newest generator. Doris Wade, who lives near the plant, said that while the company has offered to clean water tanks and roofs, a long-term plan was needed. She said: “Like quite a...

Losses related to the Covid-19 pandemic have impacted the earnings of Bermudian-based Arch Capital Group Ltd. The company’s net income was $288.4 million, or 71 cents per share, for the quarter ending on June 30. That was down from $458.6 million a y...

One Communications Ltd improved its net income by more than $1 million for the six months to the end of June, compared to the same period a year ago. It achieved that earnings result whilst also giving a free, temporary boost to internet speed for ma...

Emmanuel Clarke is to leave PartnerRe, where he has been chief executive officer for the past four years. Experienced industry figure Jacques Bonneau took over as CEO, effective yesterday, the reinsurer said. PartnerRe said Mr Clarke “is leaving the...

A strong second quarter performance by RenaissanceRe Holdings Ltd helped the reinsurer increase its net income to $575.8 million, or $12.63 per common share, compared to $367.9 million for the same period in 2019. It also raised more than $1 billion ...

HSBC Bermuda plans to stage a motorcade in celebration of Cup Match today and tomorrow. Staff from the bank will drive from St George’s today and from Somerset tomorrow, providing giveaways as they make their way to Hamilton. The drives will last fro...

Bermuda Aviation Services Ltd has sold its subsidiary, IT services and consulting firm CCS Group. Bermudian companies EEG Bravo Ltd and Celeritas Ltd partnered to acquire CCS, BAS said in a Bermuda Stock Exchange filing yesterday. “The divestiture ...

The Argus Group recently took the next step in our plan to deliver a positive impact on Bermuda’s healthcare system, by entering a better health partnership with Island Health Services and the Family Practice Group. While various forms of accountabl...

Butterfield Bank’s annual general meeting will be held virtually due to public health concerns related to Covid-19. Shareholders cannot attend the meeting in person, but are able to attend the online meeting, which takes place at 10am on August 12. T...

Butterfield Bank’s second-quarter net income fell 11 per cent year over year to $34.3 million as economic activity slowed and interest rates dipped with the onset of the pandemic. The profit broke down to 67 cents per share and compared with net inco...

Reinsurance industry capital fell 6 per cent in the first quarter of the year, according to a report by risk adviser and broker Aon. Total global capital available to both traditional reinsurers and alternative capital was $590 billion, down from $62...

Rumours that Wayne Caines has been hired by Ascendant Group have been firmly denied by the company. Ascendant responded to a question from The Royal Gazette yesterday about claims circulating on social media that the former Minister of National Secur...