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A Bermuda firm is to offer payday loans. Gold Standard — which already buys unwanted jewellery and offers secured loans — said the move was in response to customer demand. Business co-owner Matthew Mello said that qualifying customers would be able t...

Lancashire Holdings more than tripled profits to $36.2 million in the third quarter of the year. In the same period in 2013, the firm’s net operating profit totalled $11.2 million — a $25 million increase for quarter three of this year. The firm wrot...

Bermuda has signed up to a new international agreement to allow automatic exchange of financial information in a bid to crack down on tax cheats. Now the Island and 50 other countries will begin the exchange of information, backed by the Organisation...

Net income at Renaissance Re plunged by nearly $112 million for the third quarter of the year compared to the same period in 2013. The Bermuda-based reinsurer recorded a profit of $67.8 million, compared to $179.7 million for the third quarter of las...

Insurer and reinsurer Endurance yesterday reported net income of $68 million for the third quarter as it wrote more business. That is equal to $1.52 per diluted share — a drop on the same period in 2013, which showed net income of $75.2 million and $...

The wealthy Green family is aiming to ditch the Fairmont group as managers of the Hamilton Princess, The Royal Gazette can reveal. Now the row has moved to a New York court as the Greens seek to dump the hotel chain, which also owns and operates the ...

Aspen Insurance Holdings raked in a net income of $37.4 million after tax in the third quarter of the year. The news came as the firm released its latest quarterly figures — equal to 42 cents net income per share — to the end of September. Aspen CEO...

A city street will tomorrow become a Halloween zone. Retailers in Queen Street are to open late for a special trick or treat night with a host of activities on offer. The Boo Bash — modelled on US Halloween themed parties aimed at providing a safe en...