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Butterfield Bank reported record profits of $134.1 million for 2006 yesterday — an increase of 22.6 percent compared with 2005. Shareholders will feel the benefit of the bumper earnings as the Bank's board decided to raise the quarterly dividend paym...

Arch Capital Ltd.’s net income for the fourth quarter of 2006 was more than double that of the previous year, the Bermuda company announced yesterday. Net income in the last three months of 2006 was $239.3 million, or $3.12 per share, compared to $10...

Bermuda newcomer Ironshore Insurance Ltd. has received its all-important financial strength rating from A.M. Best ? a little over a month after opening its doors for business. The company was set up by Ace and XL co-founder Robert Clements with $1 bi...

Bermuda newcomer Ironshore Insurance Ltd. has received its all-important financial strength rating from A.M. Best — a little over a month after opening its doors for business. The company was set up by Ace and XL co-founder Robert Clements with $1 bi...

Labour and Immigration Minister Derrick Burgess has reluctantly scrapped plans to create a register for land trusts after experts told him the move would cause serious damage to the Island’s trust business. The scheme was to have been a major part of...

Max Re Capital Ltd. is the latest Bermuda insurer and reinsurer to announce record profits for 2006. For last year's fourth quarter, the company swung to a net income of $95.4 million, or $1.51 per share, from a net loss of $12.6 million, or $0.22 pe...

Bermuda insurer and reinsurer Quanta Capital Holdings Ltd. has been accused of violating US federal securities laws in a class action lawsuit filed in the US District Court in New York. Two US law firms last night announced their involvement in the a...