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Argo International Holdings has struck a $235 million deal to buy Ariel Re in an all-Bermuda insurance combination. And it appears that job cuts on the island are not high on the agenda for the merged company. A spokesman for Argo said: “Cost savings...

The shock election of Donald Trump as US President could be a boost for Bermuda’s real estate sector. One island real estate firm alone fielded a total of eight inquiries from US citizens yesterday in the wake of the polarising election of Trump to A...

A new store dedicated to leisure clothing brand Vineyard Vines has exceeded expectations, owners A.S. Cooper & Sons said. Somers Cooper, managing director of A.S. Cooper, said the store, which joins 100 across the US, is Vineyard Vines’s first overse...

The reinsurance industry needs to play more than just lip service to diversity, a panel warned an industry conference yesterday. And speakers said that the business needed to mobilise and motivate underrepresented groups to ensure it stays relevant a...

Hi-tech is the key to ensure the island’s reinsurance industry can compete with new business models, an expert said yesterday. Arthur Wightman, leader of financial services firm PwC and regional insurance and markets leader, explained: “While most re...

Homeware giant Gorham’s is celebrating its 80th anniversary. The firm, founded by A.J. Gorham in 1936, has grown from a small lumber business on Hamilton’s Front Street to a supermarket-style operation in Pembroke. And Rod Farrington, senior manager ...

A popular Hamilton café has a new owner. Katerina Smith, who comes from a restaurant business family, has taken over the Bermudiana Road café Nonna’s Kitchen, opened three years ago by Norma Thomson. Ms Smith, the wife of national swimming coach Ben ...

An island boat transportation firm is celebrating its 35th anniversary. And Mark Selley, founder of Selley’s Boat Trailer and Marine Services, said he never expected to be still in business after buying an existing business in 1981. Mr Selley, who bu...

Insurer and reinsurer Lancashire yesterday posted pre-tax profits of $42.9 million. The figure is $10 million up on the same period last year. Gross premiums written dropped $12.2 million to $108.2 million quarter on quarter between last year and thi...

A new make-up store has opened up in Washington Mall. And Demeka Tacklyn, the owner of Stash, said: “I saw an opportunity and the idea came into my head. When the opportunity arises, go for it.” Ms Tacklyn said the store, which has an emphasis on nat...