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KeyTech and CellOne have created a new full-service telecommunications combination, sealing a series of linked deals involving both companies and US-based Atlantic Tele-Network. Frank Amaral will lead the combined company. For the past seven years he...

Maiden Holdings’s profit dipped $5.2 million to $27.2 million during the first quarter. However, the company saw its gross premiums written increase by 3.8 per cent, year-on-year, while its net operating earnings improved to $28.3 million, up from $2...

Lancashire Holdings saw its profit almost halved to $28.3 million in the first quarter. However, the company kept its combined ratio steady at 72.7 per cent, only a fraction higher than the same period last year. Price reductions on renewals in Janua...

It’s been a tough six months for investors of every stripe, and that includes the school teams in this year’s KPMG Investment Challenge. Only three of the 18 teams managed to finish with a profit after investing a virtual $100,000 on the stock market...

White Mountains Insurance Group increased its adjusted book value to $704 per share during the first quarter, a rise of 0.9 per cent. When adding in the estimated gain from the sale of Sirius Group, a $2.6 billion deal which closed last month, the sh...

PartnerRe Ltd made a profit of $201.4 million for the first quarter, about $31 million lower than the same period in 2015. The company’s net income represents a return on equity of 13.3 per cent. PartnerRe, which has offices on Pitts Bay Road, is now...

The US telecommunications company that is in the process of acquiring a 51 per cent share in KeyTech, the parent of Logic, has reported first quarter revenues of $89.7 million. Atlantic Tele-Network’s revenues were 5 per cent higher, year-on-year, wh...

An initiative to attract sports teams and sports-orientated tourists to Bermuda during the winter months is paying off for businesses on the island. More hotel rooms are being booked, transport operators are picking up business during what is usually...

Validus Group’s first-quarter profit was $166.8 million, a fall of 3.8 per cent compared to the same period in 2015. However, year-on-year there was no change in the $1.98 net earnings per common share available to Validus. The group bought back 1.4 ...

Arch Capital Group increased its gross premiums written during the first quarter but saw its profits fall. The net income available to common shareholders was $149.3 million, down from $277 million for the same period last year. That result, which eq...