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The Loren has put up for sale four villas that are under construction with asking prices starting from $3.8 million. Two of the four-bedroom, 4½-bathroom units will be completed by the second quarter of this year, while the other two are scheduled to...

PartnerRe has announced an exclusive agreement to work with agricultural precision technology leader Farmers Edge that it says “will fundamentally advance the $5 trillion food and agriculture industry”. The Bermudian-based reinsurer said the four-yea...

Butterfield Bank shares were down 25 cents, or 0.6 per cent, at $38.50 after 3,048 were traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, shares of Butterfield Bank were up 13 cents, or 0.33 per cent, at $39.23. The Royal Gazette...

Catastrophe losses impacted earnings at Argo Group, however the company reported a $28.9 million profit, or 95 cents per share, for the fourth quarter. That was down from the $32.9 million, or $1.07 per share, during the corresponding period in 2016....

American International Group says it expects its new Bermudian-based run-off company to bring jobs to the island. The new entity, known as DSA Reinsurance Company, will manage four-fifths of AIG’s legacy business and will be backed by $40 billion of ...

A salon in the heart of Hamilton is expanding its services and staff. Genet Lure Salon & Spa, located at 6 Walker Arcade on Reid Street, has been open for almost three years and offers a range of services such as basic shampoo and blow, to weaves and...

Arch Capital Group beat forecasts and finished the year strongly with net income of $203.5 million, or $1.46 per share, for the fourth quarter. That compares to a profit of $63.4 million for the same period in 2016. While it suffered pre-tax catastro...

Nordic American Tankers Ltd made a loss of $21.9 million, or 20 cents per share, in the fourth quarter. That was less than the $34.3 million loss reported by the Bermudian-based company in the preceding quarter. However, the result missed analysts ex...

Retail sales volume fell for a third successive month in November — a key month for the industry with Black Friday sales and the run-up to Christmas. Retailers took $95.7 million at the till, 0.7 per cent less than the same month in 2016. After infla...

Shares of Butterfield Bank were 25 cents down, or 0.6 per cent, at $38.75 after 600 traded on The Royal Gazette/BSX Index. Meanwhile, Ascendant Group improved by one cent, or 0.1 per cent, to $10 after 14,000 shares were exchanged. On the New York St...