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Qatar Insurance Company, the parent of Bermudian-based Qatar Re, made a profit of $182 million last year. Gross written premiums were $3.5 billion, an increase of 8 per cent. Although the company was impacted by severe catastrophe losses in the secon...

Christopher Gallagher has been appointed to the board of directors of Sompo International Holdings Ltd, a Bermudian-based insurer and reinsurer. Mr Gallagher is the chief risk officer and group actuary of SIH’s commercial property and casualty busine...

Shares of Ascendant Group Limited were up 50 cents, or 2.9 per cent, to $18 after 15,000 traded on The Royal Gazette/BSX Index. Meanwhile, Butterfield Bank shares improved by five cents, or 0.1 per cent, to $35 after 6,085 changed hands. In New York,...

Electricity stored in new industrial-scale batteries at Belco will provide a back-up system that can deliver ten megawatts of power at a moment’s notice. It is believed that could be enough energy to power about 6,500 households, based on US data. T...

The board of Bermudian-based reinsurer Sirius International Insurance Group Ltd has elected a new chief executive officer and a new chief financial officer. Kernan “Kip” Oberting will succeed Allan Waters as CEO of Sirius Group, and Ralph Salamone wi...

Bermudian-based White Mountains Insurance Group Ltd will receive an $85 million cash payment as the result of a deal involving a company in which it owned a majority stake. MediaAlpha has signed a definitive agreement to sell a significant minority s...

Axis Capital Holdings Limited made a net loss for the fourth quarter of $198 million, or negative $2.37 per diluted common share, compared to loss of $38 million, for the same period in 2017. The combined ratio increased to 117.3 per cent, a rise of ...

Is your side hustle starting to feel like a second full-time job? Or maybe you’re a stay-at-home mom whose home-based business is taking off, and you want to dedicate more time to it. You’re not alone. According to a study by GoDaddy, more than half ...

An announcement on the introduction of fintech-friendly banking in Bermuda is expected this month. David Burt said such a facility was one of the “final pieces of the puzzle”, referring to the Bermuda Government’s efforts to make the island a leading...

Canadian tax authorities have launched about 100 audits into taxpayers named in the Paradise Papers, a huge batch of documents stolen from the database of law firm Appleby. The audits were revealed in the Canadian Parliament, the Toronto Star reporte...