Bermuda-based Endurance Specialty Holdings yesterday posted third-quarter profits of $43.6 million, as acquisition expenses hit earnings.
The company said last night it recorded $64 million in one-tim...
Bermuda is outranked on a tax secrecy list by Britain, the US and the Cayman Islands.
Bermuda is 34th in the rankings of 100 countries for tax — while the Cayman Islands ranks fifth on the list.
Switz...
The sale of two arms of its operation is set to boost the undeployed capital at White Mountains Insurance Group to $2.5 billion.
Bermuda-domiciled financial services group Symetra has been bought over...
Restaurant chain Buzz is to shut three self-service buffets due to lack of trade.
The self-service selections at the firm’s outlets in the Esso City gas station, the Hamilton Pharmacy and Pitts Bay Ro...
A pharmacy has expanded to a massive 11,000 square feet and extended the range of goods on offer.
People’s Pharmacy, which opened on Victoria Street more than 30 years ago with just 900 square feet, h...
Insurance and reinsurance firm Validus Holdings posted operating earnings of $73.6 million in the third quarter of the year, the company announced yesterday.
Validus’ net operating income was 86 cents...
A director of the Bermuda Monetary Authority (BMA) has quit his post.
E Barclay Simmons stepped down after nearly nine years on the board of the Island’s financial regulator.
Mr Simmons, who is also t...
Bermuda global law firm Appleby shut its London office because of a “rationalisation of resources” ahead of a management buyout of its fiduciary business.
Appleby said it had examined the need for a L...
A Bermuda business offering low-cost shipping to the Island has taken to the skies.
Island Bargains of Bermuda has added an air freight service to its existing service by ship.
The firm, based in Quee...
Arch Capital last night reported operating profits of $125.8 million for the third quarter of the year, surpassing analysts’ expectations.
After-tax earnings per share were $1.01, compared to the 98 c...
