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Argus Group Holdings Ltd bounced back to profitability with annual net earnings of $14.2 million compared to a net loss of $18.6 million in the previous year. The year ended March 31, 2019 closed with net equity at $120 million, an increase of $14.1...

Belco has stressed that it is prepared to burn whichever base load fuel the imminent Integrated Resource Plan requires for the island’s electricity supply — whether or not it is natural gas. The power utility made a statement in the wake of last week...

Ray Dalio calls it a “long ideological war.” Mark Mobius sees little hope for a quick resolution. And Stephen Jen says we’re witnessing the start of a 15-round fight. As the US and China clash over everything from trade to technology, some of the big...

Bermudian university student Calum Maule is to join the Association of Bermuda Insurers and Reinsurers as its 2019 summer intern. Mr Maule will be exposed to national and international public and regulatory policy issues and gain an understanding of ...

When Desmond Townsend first moved from London to Bermuda, there was one thing he missed — fish and chips. “I wanted a taste of home,” Mr Townsend said. “In London, chicken tikka masala is probably the most popular street food, but fish and chips is p...

Jeff Clements has been named the new chief executive officer of Validus Re, the Bermudian reinsurer owned by American International Group. He takes over from Kean Driscoll, who has been appointed AIG’s global chief underwriting officer for property a...

Aspen Re has hired Meredith Head from Tokio Millennium Re as its head of North American property catastrophe. Ms Head will report to Christian Dunleavy, Aspen Re’s chief underwriting officer and chief executive officer of Aspen Bermuda Ltd. Working ...

Bermudian life reinsurer Athene Holding today revealed the scale and pricing of its planned preference share offering. Athene will offer $750 million worth of shares with a fixed-to-floating yield of 6.35 per cent. Athene said the offering was expect...

Bermudian-based holding company Colonial Group International has received regulatory approval for the acquisition of a minority interest in The Beacon Insurance Company Ltd of Trinidad and Tobago. The approval was issued by the Central Bank of Trinid...

Butterfield Bank stocks were down $1.20, or 3.5 per cent, at $33.30 after 229 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, the banks shares were down 22 cents, or 0.64 per cent, at $34.06. Meanwhile, on the local exchange, s...