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Bermuda-based Blue Capital Reinsurance Holdings posted a $5.5 million profit in the second quarter. The figure broke down to 63 cents per share. The firm ended June with a book value per share of $20.59 — a 3 per cent increase for the quarter and a 6...

Butterfield Bank executive Michael Collins is to become the new chief executive officer, the bank announced today. Mr Collins, at present senior executive vice-president, will replace Brendan McDonagh, who has been CEO for three years, in the role. B...

Sixteen Bermuda students have completed an international interns programme designed to prepare them for a career in insurance. The students worked in Bermuda, Atlanta, Chicago and London on attachment to a variety of companies under an ambitious sche...

A leading shareholder advisory firm has advised PartnerRe shareholders to vote against an $11 billion merger with rival Axis. And Independent Shareholder Services (ISS) backed the rival $6.8 billion plus proposal from Italian investment firm Exor aft...

Ace chairman and CEO Evan Greenberg has met staff at merger partner Chubb — and told them they have an “historic” opportunity. Mr Greenberg, whose firm has agreed to acquire US-based Chubb in a $28.3 billion cash-and-stock deal, said: “The opportunit...

A paediatric practice has created a new home from home in a former residential property. Edgewood Pediatrics has moved from offices in Gorham Road in Hamilton to a detached house in nearby Richmond Road. Edgewood’s Dr Richard Fulton said the move was...

A second investment advisory firm has backed a bid by Italian company Exor for Bermuda-based reinsurer PartnerRe. Glass Lewis advised shareholders in PartnerRe to reject the rival merger proposal from Axis Capital as the all-cash Exor offer is superi...

The Bank of Butterfield yesterday reported second-quarter profits of $26.4 million compared to $27.5 million in the second quarter of 2014 — a drop of $1.1 million. And the bank’s board declared an interim dividend of one cent a share. Bank chairman ...

A frozen yoghurt store is to open a branch in St George’s — with its doors opening around the Cup Match weekend. Yo Cherry owner Carlos Francis — who opened his first store in Hamilton in 2013 — said public demand had led to the move. Mr Francis, a f...

More than 50 people attended a seminar aimed at helping would-be entrepreneurs set up their first business venture. The seminar, organised by Roxanne Christopher, the North East Hamilton economic development coordinator for the Bermuda Economic Devel...