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Lancashire Holdings made after-tax profits of $31.5 million for the second quarter of the year — down $7.4 million on the same quarter last year. Gross premiums written for the period totalled $199.8 million, an increase of $20.5 million on the $179....

International terrorism could boost Bermuda’s aircraft registry. Julie McLean, a director at law firm Conyers Dill & Pearman and an expert in the area, said that the island’s registration marks were seen as neutral and “low profile”, while also recog...

Insurer and reinsurer Axis Capital Holdings tonight posted profits of $119 million for the second quarter — up $56 million on the same quarter last year. The net income of $119 million, equivalent to $1.29 per share, compared to $63 million and 63 ce...

Human resources manager Bianca Harris has turned her love of baking into a business. Now she is set to launch Sugar Shack Cake & Bake as a full-time operation to supply small bakers and individual customers with baking supplies. Ms Harris, a human re...

Butterfield Bank yesterday reported second-quarter profits of $29.8 million — up $6.5 million on the same period last year. The figures are equivalent to a 27.7 per cent increase in profit quarter on quarter and diluted earnings per share of 5 cents,...

Island insurer BF&M will pick up the tab for the fire that tore through a Front Street store and offices in the early hours of yesterday. But the insurer declined to speculate on the likely cost of the blaze, which virtually destroyed the building, o...

The holding company of Caribbean financial services giant Sagicor has completed its move to Bermuda. The firm has discontinued as a Barbados company, where it has been based for 170 years, and redomiciled to Bermuda. David Cooke, of legal firm Conyer...

Bermudian high flyer Connor Burns has attended a summit for entrepreneurs featuring US President Barack Obama. Mr Burns, co-founder of Bermuda Aerial Media and Canada-based Skymatics with business partner E.J. Burrows, was invited to go to the US gov...

The ruling One Bermuda Alliance has hit back after a major business survey suggested political strife is denting business confidence in Bermuda. Senator Lynne Woolridge, the OBA chairwoman, spoke out after the Business Confidence Index Report found t...

A total of 21 students were yesterday awarded scholarships by the Association of Bermuda International Companies. The Michelle Outerbridge Memorial Award, named after a former Abic scholar who died in 2000 aged 18 just after starting university in Ca...