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A bid by Bermudian-based Frontline Ltd to acquire an independent crude oil tanker company less than half its size, is part of consolidation pressure across the sector. And while the non-binding proposal has been rejected by the directors of DHT Holdi...

Nordic American Tankers made a $1.8 million loss in the fourth-quarter. That equates to a loss of two cents per share. Five analysts surveyed by Zacks Investment Research had estimated the Bermudian-based company would post a break-even result. For ...

It is only February, but it is turning out to be a busy year for Joshua Bate Trading Bermuda. The business is celebrating its 25th anniversary and has just relocated the Bate’s showroom to larger premises. The appliance and building materials compan...

White Mountains Insurance Group reported a $33 million loss in the fourth quarter, compared with a profit of $268 million in the same period in 2015. However, the Bermudian-based financial services holding company made a profit of $413 million for th...

It has not taken long for gourmet popcorn store Savory Kernels to pop up in a second location. The company sprang into business at the end of October when it opened its doors upstairs from Pic a Pet, on Queen Street. Now residents in the east can get...

Bermudian reinsurer Validus Holdings Ltd’s fourth-quarter net income plummeted to $7.8 million, down from $69 million in the same period last year, as it dealt with losses from Hurricane Matthew and an earthquake in New Zealand. The group’s net incom...

Staying ahead of the threat is the goal of an artificial intelligence cyberdefence technology now being used by Colonial Group International in Bermuda. Colonial is the first insurance company on the island to deploy Darktrace’s Enterprise Immune Sys...

Colonial Group International is the first insurance company in Bermuda to deploy machine learning cyberdefence technology in its network. The artificial intelligence technology comes from British and US-based Darktrace, and detects anomalies in a net...

A challenging start to the year, and catastrophe losses from Hurricane Matthew and earthquakes in New Zealand, dragged down XL Group Ltd’s earnings for 2016. Net income for the year dropped from $1.2 billion, or $4.15 per share, to $441 million, or $...

Bermuda’s important role in the captive insurance sector has been highlighted by the number of island-based executives included in this year’s Power 50 list. Top of the pile is Peter Mullen, chief executive officer of Aon’s Global Captive and Insuran...