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Hiscox made record profits in 2016 helped by favourable foreign-currency moves and increased earnings from its Hamilton-based reinsurance division. The group’s profits totalled £354.5 million ($440.8 million), up 64 per cent on 2015. The relative wea...

Online entrepreneur Natasha Tucker has launched a crowdfunding drive to boost her UK green fashion website. Ms Tucker, co-owner of Reve en Vert, based in London, said: “Basically, we thought it was a really good way to engage our community and custom...

Adversity. I read a book over the last week that theorised that those who have faced significant adversity seem to have more success in growing entrepreneurial businesses than others. From my own experience there is little doubt that the challenges ...

Enstar Group Ltd has reported consolidated net earnings of $264.8 million, or $13.62 per fully diluted share, for 2016. That was up on the $220.3 million, or $11.35 per fully diluted share, for 2015. Bermudian-based Enstar is a multifaceted insurance...

Public services could be provided by private-sector firms set up by ex-civil servants, an audience of business people heard yesterday. Erica Smith, executive director of the Bermuda Economic Development Corporation, said: “With the potential restruct...

A combined total of 150 students and insurance professionals took part in speed networking sessions on three days last week. Since 2014 the Bermuda Foundation for Insurance Studies has been holding these opportunities each February for high school se...

Maiden Holdings Ltd made a net loss of $74.7 million in the fourth quarter of last year as the company had to bolster reserves for its commercial auto line of business. The Bermudian reinsurer said the $120.4 million charge included a provision for a...

Utilities firm Ascendant Group gained 35 cents to $7.50 on The Royal Gazette/BSX Index. The move, equal to 4.9 per cent, came after 2,800 shares changed hands. The Bank of Butterfield remained at $32 after 521 shares moved. On the New York Stock Exch...

Losses from Hurricane Matthew and the Kaikoura earthquake in New Zealand were mostly responsible for a $71 million dip in fourth-quarter profits for Endurance Specialty Holdings. The company reported net income of $20.1 million, or 30 cents per dilut...

Frontline Ltd this morning reported fourth-quarter profit of $18.3 million, beating analysts’ estimates. However, Robert Hvide Macleod, the Hamilton-based oil tanker operator’s chief executive officer, predicted pressure on the rates at which the com...