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Insurer and reinsurer Argo is to change its financial reporting — with just two segments, US and international. The change replaces the four reporting segments formerly used, with US figures now including excess and surplus and commercial specialty, ...

A bid by the UK’s House of Lords to force Bermuda and other overseas territories to introduce a public record of company ownership has been dropped. Bermuda, which already has a register of beneficial owners accessible on request by overseas governme...

Insurer and reinsurer Aspen notched up profits of $96.5 million for the first quarter of the year. The $1.36 per ordinary share profit is down $17.9 million on the $114.4 million recorded in the same period last year. Chris O’Kane, chief executive of...

Jewellery designer Alexandra Mosher is to open a combined gallery and studio on Hamilton’s Front Street. The new premises — more than three times the size of her existing outlet in Washington Mall — will be based in the former Otto Wurz store near th...

The millennial generation has “unrealistic” expectations of their retirement prospects, according to a new report by HSBC. The bank’s latest international survey in a series on the future of retirement found that millennials, those born between 1980 ...

Insurer and reinsurer Axis reported profits of $5 million for the first quarter of the year — down $33 million on the same period last year. The quarterly figure, equivalent to six cents per diluted share, compared to the 41 cents per diluted share r...

Reinsurance firm Validus reported profits of $94.6 million for the first quarter of the year. The figure, equal to $1.17 per common share, was $72.2 million down on the $166.8 million recorded for the same period last year, equivalent to $1.98 per sh...

Internet and phone service company Fort Knox is on the move and is set to expand from a largely business-based clientele into the domestic market. And it will be offering new high-speed internet packages under the LiveNet Brand. The company, which al...

Allied World made a total of profit of $80.3 million in the first three months of this year. The figure was up $6.2 million on the $74.1 million recorded in the first quarter of last year and equal to 90 cents per share, compared to 81 cents per shar...

Bermuda’s A+ credit rating and stable outlook have been affirmed by ratings agency Standard & Poor’s. The island report said: “The ratings reflect our view of Bermuda’s effective and predictable policymaking, very high gross domestic product per capi...