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Insurer and reinsurer Axis reported profits of $5 million for the first quarter of the year — down $33 million on the same period last year. The quarterly figure, equivalent to six cents per diluted share, compared to the 41 cents per diluted share r...

Britain’s imminent departure from the European Union should not impact Bermuda’s ability to successfully negotiate with the EU on matters of regulation and securing fair access to the EU market for the island’s insurance and financial services sector...

Reinsurance firm Validus reported profits of $94.6 million for the first quarter of the year. The figure, equal to $1.17 per common share, was $72.2 million down on the $166.8 million recorded for the same period last year, equivalent to $1.98 per sh...

Internet and phone service company Fort Knox is on the move and is set to expand from a largely business-based clientele into the domestic market. And it will be offering new high-speed internet packages under the LiveNet Brand. The company, which al...

The Bank of Butterfield rose 30 cents to $32.50 on The Royal Gazette/BSX Index. The move, equal to 0.9 per cent, came after 1,497 shares traded. On the New York Stock Exchange the bank was also up by 43 cents, or 1.31 per cent, to $33.25. The Royal G...

Two partners in law firm Appleby have featured as speakers at a major conference on regulation and compliance. Tonesan Amissah, partner and member of Appleby’s corporate practice group, was a member of a panel discussion yesterday on women in asset m...

There was a worthy purpose to the fun and somewhat crazy pursuits witnessed at the second Xtreme Sports Games. Companies and organisations competed against one another at a variety of sports, including bubble football, zorb racing and human bowling. ...

Reinsurance firm Hamilton Re yesterday announced a new recruit and management changes. Minesh Shah has joined the firm in the newly created role of senior vice-president, actuary. He will report to chief risk officer Pete Skerlj. Mr Shah has more tha...

Bermuda’s impact at this year’s Risk and Insurance Management Society’s conference in Philadelphia has been hailed a success by Michael Dunkley, the Premier. The four-day conference concluded yesterday with a closing keynote speech from Michael J. Fo...

Allied World made a total of profit of $80.3 million in the first three months of this year. The figure was up $6.2 million on the $74.1 million recorded in the first quarter of last year and equal to 90 cents per share, compared to 81 cents per shar...